2007-08
FINAL BUDGET
Cabrillo Community College District
September 10, 2007
CofirM'%
Celebrating Excellence Since 1959
September10,2007
To the Governing Board:
The 2007-08 Final Budget is presentedto the Governing Board for approval. This documenthas
been preparedbasedon the assumptionsand goals presentedin the StateBudget Act.
The 2007-08Final Budgetis in balanceby $646,709. The highlightsof the Final Budget include:
Revenue
COLA:
COLA is provided @ 4.53yo,estimatedat$2,493,200for the College.
Growth:
No growth funds have been included in the 2007-08 Final Budget.
Decline:
In2006-07 the collegedeclined1.44%in FTES. In reviewing this issuewith the
collegeleadership,it was decidedto report481 FTES in censusprocedure
summer2007 coursesin 2006-07,estimatedat $1.4 million. This will then
reducethe FTES availablein 2007-08,howeverthe collegewill receivestability
funds in 2007-08,$3.6 million. Thesefunds are one-time. If the District does
not fully restorethe reductionof FTES in 2008-09,a permanentloss of funding
will occur.
Lottery
Revenue:
Unrestrictedlottery revenuedecreased
by $50,000.
Foreign/
Out of State
Tuition:
Foreign and Out of StateTuition is expectedto decreaseby $50,000.
Expenditures
Salaries:
The 2007-08 Final Budget includes a salary increaseof l.2o/ofor contract faculty,
plus a 2%oincreasefor adjunct faculty. Benefit eligible contract employeeswill
also receivea one-time$150 stipend. Other increasesinclude: faculty grantsof
$15,000,programchair stipendsof $17,500,an increasein the hourly ratepaid to
faculty substitutesand an increasein the benefit stipend.
None of the otherunits have settledon compensationfor 2007-08.
Benefits:
Benefit adjustmentsfor 2007-08were as follows:
o l7o/omedicalbenefit increase
o The PERSrate increasedfrom9.l24%oto 9.306%o.
6500 SoquelDrive
Aptos, California 9 5003
831.479.6100
www.cabrillo.edu
New
Classified:
The2007-08FinalBudgetincludes$257,000
in newclassified
positions.
Other
The2007-08Final Budgetincludesincreases
in otheroperating
Expenditures: expenses
suchasutilities,generalliability insurance,
maintenance
service
contractsfor technologysupport,postage,printing,andetcetera.
Student
The estimatefor studentuncollectiblefeeswasreducedby $25,000.
Uncollectible
Fees:
Retiree
Benefits:
The2007-08Final Budgetincludesa $50,000transferfrom thebasebudgetanda
$50.000transferfrom the one-timefund to fund futureretireebenefits.
Reserves:
TheDistrict ended2006-07with a 4%ogenerulreserve.Thegeneralreservefor
the Final Budgetwasincreased
by $70,000usingone-timefundsto maintainthe
4o/orcset-te.
The following documentsfrom the Community College League are attachedto provide an
overview of the current Statebudget deliberationsfor community colleges.
o
o
e
o
o
StateBudget Update #9
StateBudgetUpdate#10
StateBudgetUpdate#11
StateBudget Update#12
Legislature League Spreadsheets
The College has continued to work to develop strategiesfor addressingthe enrollment decline. I
wish to thank the membersof the Board, membersof the College Planning Council,
administration, faculty, staff, studentsand the Office of BusinessServicesfor their commitment
and dedication in helping to develop the 2007-08 Budget.
Sincerely,f'\
,r'-l. r ll
f
/ ll \.1
( i t l,tD'
\ . / v
Yesi Ard
AsiistantSuperintendenWice
President
Business
Services
Counaururry
CoueceLencueor CRtrrgRrurR
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TATEBTIOCNTLIPDATE
UpotrB #9 )faNE 29, 2007
A statusreport on the actions,discussions,and rumors in Sacramentorelated to the communitycolleges'statebudgelfor
Jiscalyear 2007-08.This update is distributedto all chief executivefficers for distribution to trustees,administrators,
faculty, classified, public/governmental relations fficers and student leaders.
Conference
CommitteeApprovesCommunityCollegeBudget
With the startof the fiscalyearjust daysaway,the Conference
Committeecompletedtheir actionson the 2007-08
budgetandhaveset in motionthe deliveryof a budgetbill to eachrespectivehouse.The Legislatureplansvoteson the
2007-08budgetplan,althoughRepublicanvotesmay be scarceandfurthernegotiationsareexpected.The Conference
Committee"closedout" Proposition98 and in orderto provideK-14 educationwith growth andCOLA, the committee
over appropriated
the 2007-08Proposition98 guarantee
by roughly$300million. Specifically,ConferenceCommittee
providedthe following for communitycolleges:
ONGOING FLTNDS
.
.
o
.
.
.
.
.
.
.
$80 million reductionin the cunentyearandbudgetyearfor the Apportionmentitem.
4.53o/o
DSPS,Matriculation,EOPS,CARE andChild CareTax Bailout
COLA for Apportionments,
fundingalreadyincludedin base).It shouldbe
2.0o/o
EnrollmentGrowth for Apportionments(l% Restoration
line
noted,languagewasadoptedthat would speci! that-in the eventthe communitycollegeapportionment
-the
priority
growth
reported
in
2007-08
first
funds
item was insufficientto fund all the restorationto be
on
would be to fund restoration.
- DSPS,Matriculation,EOPS,and CARE
2.jYoEnrollmentGrowth selectedcategoricals
non-credit)
& collegepreparation(enhanced
$13.8million to providea rateincreasefor careerdevelopment
$5 million Nursingprogramenrollmentandequipment
S1.9million to the EOPSbook grantprogram
500 thousandfor the FosterCare/l(inshipprogram
Team(FCMAT)
570thousandfor the FiscalCrisisandManagement
Includesbudgetbill languageto recapture$80 million of 2006-07Apportionmentfundson or afterMarch 14,
2008. This languagewill guaranteeall workloadreportedin the currentyearwill be fundedandavoidthe
potentialfor a revenuedeficit.
ONE-TIME FUNDS
Recallfrom LeagueBudgetUpdate#8, the May 2007Staterevenuefigurerevealeda shortfallof roughly$764million
in the currentyearandgiventhis decline,the Conference
Committeedid NOT approveroughly$400million of settleup fundsincludedin the May Revise. This meantcommunitycollegesreceived$100million lessin onetime fundsand
the balanceof one-timefundsremainingarelistedbelow:
o
o
r
o
r
.
PhysicalPlanetandInstructional
Equipment
NursingandAllied HealthEquipment
Part-TimeFacultyHealthInsurance
NursingProgramSimulators(Gov. Jan.proposal)
Construction
College
Ca|-PASS(Gov. Jan.orooosal)
$
8.084 Million
8.084
4.0
4.0
1.5
1.0
$
26.668
of continuedbudgetdevelopments,
The Leaguewill continueto keepdistrictsappraised
1121LStreet,Suite805oSacramento,Californiar95814)916-441-0353r\n/w.ccleague.org
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UPDATE#1O4UGAST6,2OO
i"iiicolleges'siatebudgetfor
*it^
Att"t^,rp"rt""tt'"*tl""tnl
administrators,
year2007-08.Thisupdateis distributedto all chiefexecutive
distributionto trustees,
fficersfor
fiscal
"faculty,
public$overnmental
relationsfficers andstudentleaders.
classified,
BudgetImpasseContinu€s...
On the eveningof August 1", the StateSenateconvenedto vote on the 2007-08StateBudget and the accompanying
trailer bills; unfortunatelyseveralhours later the Senateadjourned- having not achievedtheir goal. The final tally on
SenateBill77 - was one Republicanvote short of passage(26 -14) despitefrenziedmeetingsthroughoutthe day
betweenthe Governor,SenateRepublicans,and the Pro-Tem.
At this time, budgetwatchersdo not expectthe Senateto reconveneprior to August20'h- whenthe Assemblyreturns
from summerrecess.Sucha scenariocould set the stagefor the longestbudgetimpassein statehistory (September5'h
is the record)and disruptthe delivery of servicesto Califomia residents.
The budgetnow beforethe Senateis essentiallyunchangedfrom the packageapprovedby Conferencecommitteeon
June29'n(budgetchart attached). Although ConferencecommitteefundedProposition98 at greaterthan the minimum
guaranteeamount,SB 77 providesthe minimum amountrequiredfor the guaranteethrough the creativeuseof special
funds and one-timemonies.
Late budget disrupts appottionment payments
Late passageof the 2004-05statebudgetmarkedthe first time districtsmisseda stateapportionmentpayment. Prior to
the budgetimpasseof 2004-05,latebudgetshadNOT impededthe ability of the StateControllerto issuepaymentsto
districts. It was not until the California SupremeCourt ruled on White v Davis (2003), and forbadethe Controller from
following pastpractice,that community collegedistrictsbeganto suffer from statebudgetstalemates.
Back in 2004-05,the budgetwas eventuallysignedon July 3l , 2004- and districtspaymentswere delayedby only a
of cash
few days. Howevereventsnow unfoldingrelatedto the 2007-08budgetimpassemay resultin the suspension
paymentsthroughthe end of August. Community collegesgenerallyreceivecashpaymentsin the fourth week of each
month. The paymentsvary from month-to-month,rangingfrom 8% to l2Yu In July, districts were expectedto receive
approximately$327 million underthe spendingplan pendingbeforethe Legislature. In late August, districtswould
o'getby on reserves"whenthe July
receivea similaramount. While most districtsreportedthey would be ableto
paymentwasmissed,a missedAugustpaymentwill be difficult for mostdistrictsto absorb.
When the budgetis delayed,districts must chooseto draw down financial reservesand/orborrow money. It shouldbe
notedthe Legislaturerecentlydeliberatedthe merits of a bill, which would havemandateddistrictshire full-time faculty
and useany reservefundsto pay for the costsof compliance. Fortunately,the Leaguewas successfulin its advocacy
effort againstsuchlegislationby arguingdistricts shouldmaintain"prudent" reservesto be utilized for unanticipated
events- suchas statebudgetimpasses.
Developmentof the 2008-09 SystemBudget Request
Despitethe lack ofa statebudget,systemconstituentgroupshavebeenworking sincethe end ofJune to craft a 2008-09
meeting. The eventualrequestwill
systembudgetrequestto presentthe Boardof Governorsat their September
representsystembudgetpriorities for the next fiscal year, and alreadyit is clear the primary constraintfacing the request
will be projectedProposition98 resources.Oftencitedduringthe currentbudgetimpasseis the "ongoingstructural
deficit" which will make enactmentof a statebudgetnext year evenmore difficult than this year. Basedupon initial
estimatespresentedduring Legislative deliberationson the 2007-08budget,Proposition98 is NOT expectedto receive
much beyondgrowth and COLA in 2008-09,and hencethe final budgetpackagefor community collegesmay be very
similar to the currentyear. The fiscal environmentaside,the 2008-09systemrequestwill be constructedwith a
recurringtheme- community collegesare California's most importantassetto supplyingthe statewith the educated
workforce of the future.
r www.ccleague.org
Californiar 95814) 916-441-0353
1121LStreet,Suite805 t Sacramento,
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TATEBTIOCNT(JPDATE
Upo.ern#11.AuGUSr27,2007
A statusreport on the actions,discussions,and rumors in Sacramentorelated to the communitycolleges'statebudgetfor
fiscal year 2007-08. This update is distributedto all chief executivefficers for distribution to trustees,administrators,
faculty, classified, public/governmental relations fficers and student leaders.
LegislatureSendsBudget to the Governor
This afternoon,the StateSenateapprovedSenateBill77 - the 2007-08 StateBudget - and the accompanying
to implementthe budgetby a vote of 27-12. All Democratsvotedin supportof the bill
trailer bills necessary
alongwith 2 of the l5 SenateRepublicansthusendinga fifty-two day statebudgetimpasse.The 2007-08
and it is anticipatedhe will sign the budgetin the
StateBudget is now headedto GovernorSchwarzenegger
next few days.
For communitycollegesthe budgetis unchangedfrom the packageapprovedby conferencecommitteeon
June29*. Although conferencecommitteefundedProposition98 at greaterthan the minimum guarantee
amount,the 2007-08budgetpackagesentto the Governorprovidesthe minimum amountrequiredthroughthe
creativeuseof specialfundsand one-timefunds. The budgetpassedby the Legislatureprovidesthe following
for communitycolleges:
ONGOING FUNDS
. $80 million reductionin the currentyear and budgetyear for the Apportionmentitem.
. 4.53o/o
COLA for Apportionments,DSPS,Matriculation,EOPS,CARE and Child CareTax Bailout
. 2.0%o
(1% Restorationfundingalreadyincludedin base).It
EnrollmentGrowth for Apportionments
shouldbe noted,languagewas adoptedthat would specifythat -in the eventthe communitycollege
line item was insufficientto fund all the restorationto be reportedin200T-08-the first
apportionment
priority on growth funds would be to fund restoration.
- DSPS,Matriculation,EOPS,and CARE
. 2.0VoEnrollmentGrowth selectedcategoricals
. $13.8million to providea rateincreasefor careerdevelopment
non& collegepreparation(enhanced
credit)
. $5 million Nursingprogramenrollmentandequipment
. $1.9million to the EOPSbook grantprogram
. $500thousandfor the FosterCare/Kinshipprogram
. $570thousandfor the FiscalCrisisandManagement
Team(FCMAT)
. Includesbudgetbill languageto recapture$80 million of 2006-07Apportionmentfundson or after
all workloadreportedin the currentyearwill be funded
March 14,2008. This languagewill guarantee
andavoidthe potentialfor a revenuedeficit.
ONE.TIME FUNDS
The budgetprovides$26.7million in one-timefundsfor the following: $8.1M PhysicalPlanetand
InstructionalEquipment;$8.1M NursingandAllied HealthEquipment;$4.0M Part-TimeFacultyHealth
Insurance;$4.0M NursingProgramSimulators(Gov.Jan.proposal);$ I .5 M ConstructionCollege;$ I .0 M
CaI-PASS(Gov.Jan.proposal)
What You Can Do
requestinghe approvethe community collegebudgetas
Sendlettersof supportto GovernorSchwarzenegger
passedby the Legislature.
o rlww.ccleague.org
Californiar 95814o 916-441-0353
1121L Street,Suite805 t Sacramento,
COMMUNITYCOLLEGE
LEAGUE
O FC A L I F O R N I A
Item
General ApDortionment
Base Apportionmeni (incl: GF, P-Tax, Fee)
Apportionment reductjon for unused growth
2007-08 Budget Deliberatjons reduction unused grcMh
Studenl fee reduction (to $20 tull-year)
Cost-of-living adjustment (categorical COLA incl. below)
Growth icr Apportionments
Appor{onment increase for remediatiorvexit exam
Equalization
Career Development & College Preparation
Realignment of nursing item (technical issue)
Total Ge nercl A ppo rtl on m ent
Cateoorical Prcorams
Academic Senate tor the Community Colleges
Basic Skills and Apprenticeship
Bac€laureate Pilot Program
Career T€chnical Educalion
Child Care Ta Bailout
Disabled Students Programs and Seryi@s
Economic Development
EOPS & CARE
Equal Employment Opportunity
Foster Care Education Program
Fund for Student Suc@ss
Full-time Faculty: Increase Positions
Matriculation
Nursing
Part-Time Faculty Compensation
Part-Time Faculty Health InsuEn@
Part-Timg Faculty Offi@ Hours
Physi€l Plant and lnstructional Support
Professional Development
Special Seryices for Cal\ rORKs Recipients
Student Financial Aid Administration
Telecommunications / Technology Svcs / C.V. U
Transfer Edu€tion and Articulation
Ongoing Funds Subtotal
General Purpose Block Grant
Amador COE
Funding Fomula Refom - On+time Costs
lnternet acess for offsite @nters
Electronic Transcript Exchange
Strategic Plan lmplementation
Physical Plant and Instruc-tional Support
Mandate reimbuFements
CaerTechnical
Education SB 1133
Nursing Equipment / Allied Health Equipment
Carer Technical Education
Nu6ing & Allied Health . 24hr State facilities
2006-07Final
Budget
2007-08System
BudgetRequest
2007-08Governo/s
ProposedBudget
2007-08Governo/s
May Revise
4,920,252,000
-85.000.000
5,416,585,000
5,423,341,000
5,423,34',t,000
5,423,341,000
40,ooo,ooo
4,A75,252,000
40,000,000
5,456,585,000
33,245,000
5,456,586,000
-80,000,000
3s,245,o@
5,376,586,000
-80,000,000
33,215,000
5,376,586,000
281,500.000
164,000,000-
224,855,000
109,132,000
248,431,000
107,5s2,000
u8,4:t1,000
107,532,000,
294,387,000
97,508,000
10,000,000
159,438,000
30,000,000
-'10,000,000
13.800.000
30.000.000
4156
467,000
48,339,000
100,000
20,000,000
6,540,000
'107,870,000
46,790,000
112,916,000
1,747,000
4,754,OOO
6,158,000
95,481,000
16,886,000
50,828,000
1,000,000
7,172,0OO
27,345,000
43,580,000
52,593,000
26,197,000
1,424,000
490,000
50,599,000
100,000
20,000,000
6,986,000
115,430,695
48,790,000
120,805,000
1,747,000
5,079,000
8,358,000
45,000,000
116,149,000
16,886,000
100,828,000
8,000,000
12,172,000
27,345,000
10,000,000
46,714,000
55,115,500
40,497,000
1,424,000
6,134,772,000
6,790,600,195
100,000,000
100,000
19,710,000
1,446,000
700,000
500,000
94,144,000
40,000,000
50,000,000
20,000,000
Outreach for Darolees
Nu6in9 (startup)
3,000,000
Part.Time Faculty Health Insurance
Part-Time Faculty Office Hours
Professional DeveloDment
5.000.000
467,000
15,229,000
100,000
20,000,000
6,80/,000
114,472,000
46,790,000
119,827,000
1,747,OOO
4,754,000
6,158,000
467,000
15,229,000
467,000
18,339,000
20.000.000
6,836,000
115,011,000
46,790,000
120,391,000
1,747,OOO
5,254,000
6,158,000
20.000,000
6,836,000
115,011,000
46,790,000
122,291,000
'|,747,OOO
1U,4i6,000
25,886,000
50,828,000
1,000,000
7,172,0OO
27,345,000
t11,g13,OOO
25,886,000
50,828,000
1,000,000
7,172,000
27,345,OO0
,ir,ror,*o
43,580,000
51,308,000
26,197,000
't,424,OO0
43,580,000
51,640,000
28,097,000
'1,424,0O0
6,496,097,000
6,452,317,000
47,500,000
32,000,000
32,000,000
50,000,000
50,000,000
9,000,000
9,000,000
9,650,000
Technology ltems
AccEditation Assistance
1,000,000
2,700,000
1,000,000
1,000,000
79,6fr,000
42,000,000
194,700,000
16,000,000
570,000
83,013,000
6s,960,000
155,293,000
4,004,000
350,000
81,979,000
59,401,000
155,293,000
4,004,000
570,000
81,979,000
59,101,000
155,293,000
Basic Skills (06-07 funds; available one-time)
One-time Prcp 98 Funds Sublofa/
265,600,000
Mandate reimbursements (suspension continues)
Fiscal Crisis Management Assistance Team (FCMAT)
STRS Payments for CCC Employees
Leas+Purchase Bond Payments
Lottery
83,013.000
63,960,000
155,293,000
Total State-Detemined
22,100,000
50,828,000
1,000,000
7,172,O00
27,345,000
43,580,000
51,640,000
26,197,000
1,424,OOO
6,452,331,000
1,084,000
0
32,000,000
8,084,000
0
0
0
4,000,000
4,000,000
0
4,004,000
1,500,000
0
o
1,000,000
included in O8-O7
58,668,000
4,004,000
570,000
81,979,000
59,401,000
155,293,000
Funding
FTES
98 (Local) Ongoing Funding per FTES
98 (Local) One-Time Funding per FTES
per FTES
5,254,000
6,158,000
2,500,000
Textbook Assistance
Student Ac@ss to TEnsit Initiative
Construction College
Cal PASS
2007-08Legislature
FINALBudget
1,139,921
5,s82
233
5,883$
1,'174,119
5,784
68
6,123$
1,174,119
5,533
36
5,825$
1,174,119
5,495
166
5,918$
1,174,11
5.
5(
5,802
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TATEBT,IOCSTUPDATE
Upoerp #12)AaGUSr24.2007
A statusreport on the actions,discussions,and rumors in Sacramentorelated to the communitycolleges'statebudgetfor
fiscal year 2007-08.This updateis distributedto all chief executivefficers for distribution to trustees,administrators,
faculty, classified,public/governmentalrelations fficers and studentleaders.
Governorwields his "blue" pencil
This afternoon,GovernorSchwarzenegger
signedthe 2007-08StateBudget,which providesan ongoingincreaseof
98 stategeneralfundsfor our communitycolleges.
$377millionin Proposition
TheLeagueis very disappointed
the Covernorvetoed$13.8millionto providea rateincrease
for CareerDevelopment
andCollegePreparation
and$33.1millionto supportthe"BasicSkillsInitiative".Both augmentations
address
long
standingprioritiesof the system.The Governor'sveto message:
"I am reducingSchedule
(1) by $13,786,000
(2)by $33,110,000
andSchedule
to deletethe legislative
augmentations
for
a noncreditcourserateincreaseand a basicskills studentfundingincrease,
respectively.However,I am settingthese
fundsasidefor legislationthat appropriates
thesefundsfor improvingoutcomesfor at-riskstudentsin a mannermore
consistent
with theprioritiesof my proposed
StudentSuccess
Initiative($33,I10,000)andthe remainder
for othermore
compellingProposition
98 fundingneeds.
proposed
The Legislature's
augmentation
to supporta secondconsecutive
$13,786,000
noncreditrateincrease
is
prematureand inconsistent
with the agreement
reachedin lastyear'scompromiseon Chapter631, Staturesof 2006(SB
361). As partof that agreement,
my Administrationindicatedthat any futurenoncreditrateincreasewould be subjectto
improvedstudentoutcomesfrom lastyear'sinitial investmentof $30,000,000.To date,no accountabilitymeasures
havebeendevelopedto evaluatethis investment,nor hasmy Administrationreceiveda comprehensive
list of courses
andprogramsthat havebeenapprovedby the Chancellor'sOffice for fundingfrom the 2006-01increase.While I
cannotsustainthisaugmentation,
the budgetdoesprovidea 4.53-percent
COLA, which,whencombinedwith the
ongoing$30,000,000
increase
from 2006-07,providesfor a 23-percent
increase
in per studentfundingfor selected
noncreditcourses
sincethe2005-06fiscalyear.
I cannotsupporttheLegislature's
redirection
of fundsproposed
$33,110,000
for my May Revision'sStudentSuccess
Initiativebecause
the accompanying
controlprovisionsdo not containthe appropriateaccountabilityanddistribution
mechanisms
necessary
to ensurethis investmentimprovesstudentoutcomes,particularlyfor at-riskstudents
transitioning
from high schools.With this reduction,
thecommunitycollegesstillretain$33,110,000
in unspentcurrent
yearfundsthatcarryoverfor expenditurein the budgetyearto addressstrategies
for improvingbasicskills instruction.
My Administrationis preparedto work with the Chancellor'sOffice to reinstatethe ongoingfundingpendingagreement
on revisedaccountabilityanddistributionprovisionsthat addressmy priority for improvingmeaningfuloutcomesfor
students
transitioning
from high school."
TheGovernoralsovetoed$4.0million for the Part-timeFacultyHealthInsurance
program,a long standingsystem
priority,and$ 1.5 million for Construction
College.
TheLeaguestronglyencourages
the CommunityCollegeBudgetTaskForcereconvene
and/orConsultation
Council
meetto disseminate
the veto messageanddeterminethe nextcourseof action.
EducationTrailerBill
The Education
TrailerBill (SB 80) hasnot yet beensigned;howevertheONLY communitycollegeappropriation
contained
in thetrailerbill is the "$200million deferral"whichis scheduled
for allocationin the2008-09fiscalyear.
The deferralhasbeena componentof the communitycollegebudgetsincethe 2003-04fiscalyearand it is NOT
anticipated
thiswill changeuntil it is retiredwith one-timeor ongoingProposition
98 funds. It shouldbe notedALL
one-timefundsarelistedin the budgetbill (SB 77) underitem6870-486.
1121LStreet,Suite805 o Sacramento,
Californiar 95814. 916-441-0353
r www.ccleague.org
LEAGUE
COMMUI{ITYCOLLEGE
O FC A L I F O R N I A
2006-07Final
Budget
Item
General ADporiionment
Base Apportionment(incl:GF, P-Tax, Fee)
Apportionment reduction for unused growth
2007-08 Budget Deliberations reduction unused groMh
Student fee reduction (to $20 full-year)
2007-08System 2007-08Governo/s
BudgetRequest ProposedBudget
4,920,252,000
-85000.000
Cost-of-living adjustment (categori€l COLA incl. belw)
GroMh for Apportionments
Apportjonment increase for remediatiorvexit exam
Equalization
Career Development & Colleg€ Preparation
Realignment of nursing item (technical issue)
5 416,585,000
40,ooo,ooo
4,475,252,OOO
40,000,000
5,456,585,000
294,387,000
97,508,000
10,000,000
159,438,000
30,000,000
-10.000.000
281,fio,000
164,000,000
2007-08Govemo/s
MayRevise
2007-08ENACTED
BUDGET
5,423,341,000
5,423,341,000
5,423,341,000
33,215,000
5,456,586,000
80,000,000
3s,245,000
5,376,586,000
.80,000.000
33,24s,000
5,376,586,000
u8,131,000
107,532,000
218,131,0@
107,532,000
467,000
1s,229,000
467,000
15,229,000
224,855,@O
109,132,OOO
30,ooo,ooo
Total Genera I A ppo ttl on ment
Cateqodcal Proorams
Academic Senate for the Community Colleges
Basic Skills and Apprenticeshjp
Bac€laureate Pilot Program
Career Technical Education
Child Care Tax Bailout
Disabled Students Programs and Seryices
Economic Development
EOPS & CARE
Equal Employment Opportunity
Foster Care Education Program
Fund for Student Success
Full-trmeFaculty:IncreasePositions
Matriculation
Nursing
Part-Time Faculty Compensation
Part-Time Faculty Health Insurane
Part-Time Faculty Office Hours
Physi€l Plant and Instructional Supporl
ProfessaonalDevelopment
Special Seryices for Ca|.y'CRKs Recipients
Student FinancialAld Administration
Telecommuni€tions / Technology Sv6 / C.V. U
Transfer Education and Articulation
ON-GOING VETO SET.ASIDE
467,000
490,000
48,339,000
fi,599,000
100,000
100,000
20,000,000
20,000,000
6,540,000
6,986,000
107,870,000
115,430,695
46,790,000
48,790,000
112,916,000
120,805,000
1,747,000
1,747,000
4,754,000
5,079,000
6,158,000
8,358,000
45,000.000
95,481,000
116,149,000
'16,886,000
16,886,000
50,828,000
100,828,000
1,000,000
8,000,000
7,172.000
12,172,000
27,345,000
27,345,OOO
10,000,000
43,580,000
46,714,000
52,593,000
55,115,500
26,197,000
40,497,000
1.424.0OO 1,424,000
6,134,U2,9{)o
Ongoing Funds Subtotal
One-Time Funds (Proo.98 Reverion & Settle-uo)
General Purpose Block Grant
Amadof COE
Funding Fomula Refom - Onetime Costs
6. /90.600.195
467,000
15,229,O00
100,000
20,000,000
6,801,000
111,472,000
46,790,000
119,827,000
1,747,OOO
4,754,000
6,158,000
20,000,000
6,836,000
115,011,000
46,790,000
120,391,000
1,747,OOO
5,254,000
6,158,000
20.000.000
6,836,000
115,011,000
46,790,000
,22,291,0U)
1,747,OOO
5,254,000
6,158,000
1U,136,000
25,886,000
50,828,000
1,000,000
7,172,000
27,345,OOO
1tu,s1s,(no
25,886,000
50,828,000
1,000,000
7,172,000
27.345.000
,ir,ror,*o
22,100,000
50,828,000
1,000,000
7,'172.OOO
27.345.000
43.580.000
51,308,000
26,197,000
1.424,O00
43,580,000
51,640,000
28,097,000
1.424.000
43,580,000
51,640,000
26,197,000
1.424,0O0
46,910,000
6.496.O97.OO0
6,452,317,000
100,000,000
'100,000
19,710,000
1,446,000
700,000
500,000
94,144,000
40,000.000
lnternet ac@ss for offsite @nters
Electronic Transcript Exchange
Strategic Plan lmplementation
Physical Plant and Instructional Support
Mandate reimbuEements
50,0N),000
20,000,000
Ca@rTechnical Education SB'1133
NuEing Equipment / Allied Health Equipment
17,500,000
32,000,000
32,000,000
50,000,oo0
50,000,000
9,000,000
9,000,000
Carer
Technical Education
Nu6ing & Alli6d Health - 24hr State facilities
OutFach tor parolees
3,000,000
NuFing {stariup)
Part-Time Faculty Health Insu.ance
8,084,000
0
32,000,000
8,084,000
0
o
0
4,000,000
0
Part-Time Faculty Office Hours
Professional Development
Textbook Assistance
Student Access to Tnnsit Initiative
5,000,000
2,s00,000
Construction College
Technology ltems
9,650,000
Accreditation Assistance
Cal PASS
Basic Skills (06-07funds; available one-time)
'1.000,000
2,700,000
1,400,000
1,000,000
ONE.TIME VETO SET.ASIDE
One-time Ptup 98 Funds Sublofai
265,600,000
irandate reimbursements (suspension continues)
Fis€l Crisis ManagementAssistanceTeam (FCMAT)
STRS Payments for CCC Employees
Leas+Purchase Bond Payments
Lottery
83,013,000
63,960,000
155,293,000
4,004,000
6,706,642,000
Total State-Oetemined Funding
ed FTES
98 (Local) Ongoing Funding per FTES
98 (Local) One-Time Funding per FTES
per FTES
6,452,331,000
t
79,6fr,000
16,000,000
570,000
83,013,000
63,960,000
1s5,293,000
7,189,086,195
0
0
1,000,000
included in 06-07
5,500,000
42,000,o00
194.700,000
58,668,000
4,004,000
350,000
81,979,000
59,401,000
155,293,000
4,004,000
570,000
81,979,000
59,/n1,o0o
'155,293,000
4,004,000
570,000
81,979000
59,401,000
155,293,000
6,839,121,000
6,918,2U,000
6,812,246,000
1,139,921
1,174,119
't.174.119
5,382
5,784
5,533
5.495
5
233
5,883$
68
6,'123t
36
5,825$
166
5,918$
5(
s,802
1.174.119
1.174.1
2007-2008
FINAL BUDGET
TABLE OF CONTENTS
PAGE
I
General Fund – Overview ................................................................................................. 1
A.
Base Budget ......................................................................................................... 2
1.
Base Budget Revenue.............................................................................. 2
a.
b.
c.
2.
General Apportionment ............................................................... 2
Lottery.......................................................................................... 5
Non-Resident Tuition .................................................................. 5
Base Budget Expenditures ...................................................................... 6
a.
Benefits ........................................................................................ 8
Base Budget Tables
Base Budget Revenue .................................................................. 9
Base Budget Expenditures ......................................................... 10
B.
Community Education........................................................................................ 13
C.
Carry-Over Sub-Fund......................................................................................... 14
D.
General Restricted Fund..................................................................................... 17
E.
One-Time Sub-Fund........................................................................................... 21
F.
Reserves (Ending Balance) ................................................................................ 22
1.
Base Budget Reserves ........................................................................... 22
a.
b.
c.
d.
e.
f.
G.
General Reserves ....................................................................... 22
Revolving Cash Fund................................................................. 22
Clearing/Operational Fund......................................................... 22
CalPers Reserve ......................................................................... 22
FTES Operating Reserve ........................................................... 22
Unallocated Reserve .................................................................. 22
Other Financing Sources (Outgo)....................................................................... 24
Inter- and Intra-Fund Transfers ............................................................. 25
i
TABLE OF CONTENTS
(CONTINUED)
II
Retiree Benefit Fund ....................................................................................................... 26
III
Debt Service Fund ........................................................................................................... 28
IV
Child Development Fund ................................................................................................ 30
V
Building Fund................................................................................................................. 32
A.
Scheduled Maintenance & Capital Construction Projects.................................. 32
B.
Transportation, Parking & Security.................................................................... 32
C.
Certificates of Participation................................................................................ 32
D.
Redevelopment Agency (RDA) Funds............................................................... 33
VI
General Obligation Bond Fund ....................................................................................... 36
VII
Bookstore Fund ............................................................................................................... 42
VIII
Cafeteria Special Revenue Fund ..................................................................................... 44
IX
Associated Students Fund ............................................................................................... 46
X
Trust & Agency Fund...................................................................................................... 48
XI
Scholarship & Loan Trust Fund ...................................................................................... 50
XII
Student Financial Assistance Fund.................................................................................. 52
XIII
Student Representation Fee Trust Fund .......................................................................... 54
XIV
Student Center Fee Fund ................................................................................................. 56
ii
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
I.
GENERAL FUND - OVERVIEW
The General Fund is maintained to account for those transactions that are for the overall
College operation (Instruction, Student Services, Business Services, etcetera). Within the
General Fund, a number of sub-funds have been established: Base Budget, Restricted,
Community Education, District Match, Carry-Over, and One-Time Sub-Funds. The division
of these sub-funds reflects the need to differentiate discretionary revenue from restricted
revenue and ongoing funding from one-time funding.
A brief description of each sub-fund is provided later in the report.
The Base General Fund for 2007-08 is summarized as follows:
General Fund
Overview
Base
Budget
District
Restricted
Carry
Match
Over
One
Community
Total
Time
Education
General Fund
Revenue
61,101,310
9,214,032
0
294,567
0
330,000
70,939,909
Expenditures
57,146,903
9,485,913
444,980
2,732,931
4,267,365
452,211
74,530,303
Revenue less
Expenditures
3,954,407
(271,881)
(444,980)
(2,438,364)
(4,267,365)
(122,211)
(3,590,394)
(1,836,164)
(967,952)
444,980
2,118,243
(1,239,883)
Transfers In
(Out)
Net Change in
Fund Balance
Stability/
Increase Reserve
1,401,534
(2,438,364)
(2,865,831)
(957,602)
(122,211)
(1,401,534)
(4,547,996)
(1,401,534)
Beginning
Balance
July 1, 2007
3,014,802
1,239,833
Net Fund
Balance
June 30, 2008*
3,731,511
0
0
* Includes $2,803,068 for 06-07 FTES Funding Change and Stability.
1
2,438,364
5,049,227 *
127,112
11,869,338
0
2,183,396
4,901
5,919,808
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
A.
BASE BUDGET
Base Budget is an unrestricted sub-fund, accounting for the ongoing operational
expenditures of the College. The Final Budget planning assumptions are based on
the 2007-08 State Budget Act.
1.
BASE BUDGET REVENUE
The Base Budget Revenue for community colleges is based on a formula
that allocates a “basic allocation” based on the number of colleges and
centers in the district. In addition to the basic allocation, each district
receives equalized rates for its full-time equivalent students (FTES) from
the state general apportionment, student enrollment fees, and property tax
revenue.
a.
General Apportionment
2006-07 Actual
Enrollment Fees: The enrollment fees for Fall 2006 were $26 per
unit. Fees for Wintersession 2007 and Spring 2007 were $20 per
unit.
COLA: COLA of 5.92% or $2,997,806 was received for 2006-07.
Growth: Growth funds of $54,949 were earned in 2006-07.
2006-07 Reported FTES: Based on estimated FTES for the
community college system in 2006-07, it was projected that
districts would not grow or restore FTES to the level included in
the budget for the system. As a result, the Chancellor’s Office
anticipated that significant funds would not be distributed to
districts.
In 2006-07 the college declined 1.44% in FTES. In reviewing this
issue with college leadership, it was decided to report 481 FTES in
census procedure summer 2007 courses in 2006-07 and not in
2007-08. The college reported full restoration and small growth in
2006-07, estimated at $1.4 million. This reduces the FTES
available in 2007-08, however, the college will receive stability
funds in 2007-08, $3.6 million. The increase in revenue for
2006-07 and 2007-08 is $1.4 million for each year; $2.8 million
total. These funds have been placed in a special reserve in the onetime fund.
Part-time Faculty Compensation: Funding for this program has
been maintained at the same level as 2004-05.
2
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
2007-08 Final Budget
Enrollment Fees: Student Enrollment fees are budgeted at $20 per
the State Budget Act.
Property Tax Shortfall: The state may have a shortfall in property
tax revenue in 2007-08. If a shortfall occurs, the state may apply a
deficit factor to general apportionment revenue for 2007-08. This
will result in a reduction of revenue for 2007-08.
Growth: No growth funds are included in the 2007-08 Final
Budget. Budget stability funds of $3.6 million (based on the 200708 credit FTES rate) are included in the 2007-08 Final Budget.
COLA: COLA of 4.53% or $2,493,200 is included in the 2007-08
Final Budget.
ANNUAL APPORTIONMENT ATTENDANCE
FULL-TIME EQUIVALENT STUDENTS (FTES)
Year
1992-1993
1993-1994
1994-1995
FTES
8,685
8,370
8,459
Increase
(Decrease)
(3.6%)
1%
1995-1996
1996-1997
1997-1998
1998-1999
8,228
8,526
9,247
9,549
(2.7%)
3.5%
8.5%
3.3%
1999-2000
9,696
1.5%
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2006-2007
10,175
10,956
11,391
11,410
11,159
11,159
10,981
11,462 (reported)
5%
7.7%
4%
.17%
(2.2%)
-0(1.44%)
*Differential fee of $50 for holders of BA/BS degrees
3
Student Fees
$13 per Unit
*$13 per Unit
$13 per Unit
No Differential
$13 per Unit
$13 per Unit
$13 per Unit
$13 per Unit-Fall
$12 per UnitSpring
$12 per Unit-Fall
$11 per UnitSpring
$11 per Unit
$11 per Unit
$11 per Unit
$18 per Unit
$26 per Unit
$26 per Unit
$20 per Unit
$20 per Unit
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
This chart compares 2006-07 General Apportionment with the budget for 2007-08.
GENERAL APPORTIONMENT
2006-07
Working
Budget
2007-08
Final
Budget
11,159
10,998
+ 481
11,462
11,159
- 481
10,678
$45,638,615
$45,638,615
$50,037,955
FTES Assumptions
BASE REVENUES
2006-07
ENDING
(Per July 320)
1,268,252
Restoration
54,949
Growth
(1,401,534)
FTES Decline
Foundation Grant
4,000,000
4,000,000
4,000,000
Watsonville Center Revenue
1,000,000
1,000,000
1,000,000
COLA, Cost of Living Adjustment
2,997,806
5.92%
2,997,806
5.92%
2,493,200
4.53%
78,333
COLA on Restoration and Growth
Budget Stability
GENERAL APPORTIONMENT
1,401,534
$53,636,421
4
$55,037,955
$57,531,155
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
b.
Lottery
2006-07 Actual
The projected lottery revenue for 2006-07 was reduced in February 2007.
Total lottery funding for 2006-07 was estimated at $1,621,935; $244,573
restricted, $1,377,362 unrestricted at the close of the fiscal year.
2007-08 Final Budget
The Lottery Commission is projecting a rate of $143 per FTES for 200708. Lottery revenue is calculated based on the previous year’s reported
FTES; 11,462. The funding rate for restricted lottery revenue is estimated
at $22 per FTES for the restricted fund and $121 per FTES for the
unrestricted fund. The total lottery revenue anticipated for 2007-08 is
$1,639,066. It should be noted that the District receives lottery revenue
based on total FTES reported. Reductions in FTES result in permanent
losses of lottery funds.
c.
Non-Resident Tuition
2006-07 Actual
The 2006-07 budgeted revenue for non-resident tuition was $798,609 for
the Final Budget. Actual revenue for 2006-07 was $783,852.
2007-08 Final Budget
The budget for non-resident tuition for 2007-08 is based on $174 per unit.
The Final Budget assumes that non-resident tuition will decline by 5% in
2007-08 due to a reduction in total units. Total revenue of $793,139 is
projected for 2007-08.
5
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
2.
BASE BUDGET EXPENDITURES
The following assumptions were used in generating the base budget
expenditures:
•
Salary increases for 2007-08 are included for CCFT members. The
results of negotiated agreements with other employee groups for 200708 will be processed as budget adjustments later this year.
•
It should be noted that the adjunct/overload prorata salary schedule
was increased to 62% in 2007-08 as part of the 2006-07 CCFT
bargaining agreement. An additional 2% prorata increase has been
included in the 2007-08 Final Budget.
•
Medical benefit increases were estimated at 17%.
•
Column and step increases for all units are included in the 2007-08
Final Budget.
•
New classified positions with a total cost of $257,000 are included in
the Final Budget.
•
The District reduced the number of full-time faculty positions
budgeted by three as a result of a reduction in the state mandated fulltime faculty obligation number. The full-time faculty obligation was
reduced to 208. The reduction in the mandate is directly related to the
decline in enrollment. Adjunct replacement units have been budgeted.
•
Energy costs are expected to increase in 2007-08 as new buildings are
completed. Natural gas price fluctuations continue to make it difficult
to accurately project these expenditures.
•
50% of the Scotts Valley operating budget is included in the Final
Budget for 2007-08.
•
Public safety support costs are expected to increase by $143,000 in
2007-08.
•
Operating expenses for the new Student Activities Center are included
in the Final Budget.
•
The Final Budget anticipates increases in general liability insurance,
maintenance service expenditures, utilities and a COLA increase of
4.53% for supplies.
6
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
•
Operating budget augmentations of $209,830 are included in the base
budget expenditures.
•
The cost of maintenance service contracts for technology support and
new T-1 lines between locations are included in the 2007-08 Final
Budget.
•
Changes in the minimum wage laws caused increases in the part-time
hourly and student hourly budgets for 2007-08.
•
The state scheduled maintenance match is now included in the base
budget.
•
The change in the accounting for retiree benefits has prompted a
change in the method used to budget for retiree benefits. The budget
for retiree benefits was removed from the benefits budget and is now
included in the budget for transfers (see page 11 transfers).
•
The 2007-08 Final Budget includes a $50,000 transfer from the base
budget to the Retiree Benefit fund. The $50,000 is in addition to the
net anticipated cost of retiree benefits of $800,000 for 2007-08.
7
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
a.
Benefits
Mandatory benefits have been funded based on the following rates:
DISTRICT BENEFITS
FY 05/06
FY 06/07
FY 07/08
9.116%
9.124%
9.306%
7%
7%
7%
$9.33/mo/per
employee
$9.33/mo/per
employee
$9.33/mo/per
employee
STRS
8.25%
8.25%
8.25%
SOCIAL SECURITY
6.20%
6.20%
6.20%
MEDICARE
1.45%
1.45%
1.45%
$1.63
$1.63
$1.63
.45%
.45%
.45%
15.00%
15.00%
15.00%
$5,518, $10,265,
$14,014
$5,894, $11,168,
$15,361
$5,518, $10,265,
$14,014
$5,894, $11,168,
$15,361
PERS (Employer Portion)
PERS Employee (Paid by Employer for
Confidential employees and for Classified
bargaining-unit employees)
PERS AB2177
WORKERS COMP
Rate per $100 payroll
UNEMPLOYMENT
Rate per $100 payroll
Local experience charge
CAFETERIA PACKAGE/FTE
Certificated, Administrative, Confidential
Classified
* 7/1/07 Benefit Stipend Allotment
8
*
$6,921.68
$12,763.80
$17,572.68
*
$6,921.68
$12,763.80
$17,572.68
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
UNRESTRICTED GENERAL FUND BASE BUDGET
BASE
BUDGET
REVENUE
FEDERAL
8150 Admin. Allowance
8160 Veterans
8199 Federal - Other
Total Federal
STATE
8612
8612
8612
8670
8613
8621
8699
8681
8840
8850
8860
8874
8879
8880
8890
8890
8890
FINAL
BUDGET
$
WORKING
BUDGET
$
2007-08
ACTUALS
At 6/30/07
$
%
FINAL
BUDGET
$
26,283
1,100
26,283
1,100
36,353
1,141
37,239
1,100
27,383
27,383
37,494
38,339
28,962,055
495,146
29,698,421
495,146
33,861,155
495,146
198,000
2,500,000
50,000
173,000
2,500,000
50,000
4
1,436,652
1,377,362
2
31,353,685
495,146
46,060
179,298
1,891,923
47,209
2,118
5,000
1,377,362
33,641,853
34,293,929
60
35,397,801
37,861,203
16,990,000
750,000
200
80,000
385,000
3,500,000
71,429
25,000
846,590
117,000
100,000
28,000
17,765,000
31
0
18,099,814
18,090,000
186
89,915
415,862
3,514,281
76,887
27,685
783,852
102,726
133,167
54,957
200
80,000
385,000
3,500,000
71,429
30,000
793,139
117,000
100,000
35,000
Total Local
22,893,219
22,878,219
40
23,299,332
23,201,768
Total Revenue
56,562,455
57,199,531
100
58,734,627
61,101,310
*General Apportionment
P/T Faculty Comp
P/T Faculty Office & Insur
*State Taxes
*BOGG
2% Admin. Allow.
Disabled Student Programs
Other State Revenues
Lottery
Total State
LOCAL
8811
2006-07
2006-07
*Taxes
*ERAF
Catalogs
Facility Rental/Use
Interest
*Enrollment Fee
2% Adm. Allow.
Transcripts
Non-Resident Tuition
Parking Citations
Fingerprints
Miscellaneous
* GENERAL APPORTIONMENT
Base, Prior Year
Add:
PFE
Equalization (added to base)
FTES Decline
COLA, 4.23%, 5.92%, 3.75%
Credit/Non-Credit Revenue
Foundation Grant
Center Revenue
Budget Stability
Restoration, Growth
* TOTAL GENERAL APPORTIONMENT
200
80,000
385,000
3,500,000
71,429
25,000
786,590
117,000
120,000
28,000
52
1
0
1
6
1
180,000
1,900,000
38,000
1,386,902
47,628,682
314,723
2,000,000
2,956,650
2,997,806
45,638,615
4,000,000
1,000,000
2,997,806
45,638,615
4,000,000
1,000,000
52,900,055
53,636,421
55,037,955
(3,578,960)
2,493,200
50,037,955
4,000,000
1,000,000
3,578,960
1,401,534
9
57,531,155
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
UNRESTRICTED GENERAL FUND BASE BUDGET
2006-07
2006-07
BASE BUDGET
EXPENDITURES
CERTIFICATED SALARIES
1100 Teaching
1200 Non-Teaching
1300 Part-Time Teaching
1400 P/T Non-Teaching
FINAL
BUDGET
$
WORKING
BUDGET
$
13,766,493
4,164,174
8,024,304
137,113
12,668,648
4,703,505
7,880,141
545,996
26,092,084
25,798,290
9,355,941
7,065
1,506,879
449,980
237,442
11,557,307
11,476,636
10,809,120
10,011,665
8,001
369,156
398,402
6,001
426,289
375,582
775,559
807,872
OPERATING EXPENDITURES
5100 Profess'l Services
5200 Travel, Mileage
5300 Dues & Memberships
5400 Insurance
5500 Utilities
5600 Rental Equip & Fac
Maint. Serv. Agrmts
Repairs
5700 Legal Fees
Audit
Misc. Fees (Mchnt Bank)
5800 Postage
Advertising
Fingerpt & Testing Reqs
Printing
Program Support
Component
Other Fees
Uncollectable Stdnt Recv
674,513
124,366
67,732
443,710
1,713,686
54,889
644,460
156,462
125,000
67,000
122,426
214,500
116,539
95,050
185,406
172,322
67,878
35,890
300,000
1,179,973
159,056
73,242
448,710
1,583,479
62,880
606,025
162,387
125,000
69,200
130,480
214,838
132,282
114,750
186,871
18,523
589,173
21,460
253,000
Total Operating
5,381,829
6,131,329
54,615,899
54,225,792
Total Certificated
CLASSIFIED SALARIES
2100 Regular Contract
New Classified Positions
2200 Instr'l Aide Contract
2300 P/T Classified
2400 P/T Class Inst Aide
Total Classified
STAFF BENEFITS **
SUPPLIES
4200 Other Books
4300 Instr'l Supplies
4500 Non-Instr'l Supplies
Total Supplies
SUB-TOTAL EXPENDITURES
** See page 10 for Retiree Benefit transfer info
10
2007-08
ACTUALS
At 6/30/07
$
%
FINAL
BUDGET
$
12,638,855
4,699,417
7,850,306
432,188
13,834,688
4,359,618
8,693,825
165,475
25,620,766
27,053,606
9,150,718
8,848,644
9,944,992
1,521,964
582,444
221,510
1,476,106
518,696
195,519
1,488,109
517,514
285,371
21
11,038,965
12,235,986
18
9,566,025
10,760,338
6,001
316,537
282,594
8,000
477,132
487,404
605,132
972,536
903,290
92,295
72,402
406,228
1,555,823
56,901
539,506
147,965
80,671
68,263
105,397
207,227
123,735
99,427
153,258
15,672
484
18,469
252,828
669,163
130,966
74,106
473,710
1,886,559
54,889
723,264
181,247
125,000
67,000
128,776
230,000
122,539
95,050
185,567
318,036
67,878
38,628
250,000
11
4,899,841
5,822,378
99
51,730,729
56,844,844
47
1
2007-08 FINAL BUDGET
GENERAL FUND - OVERVIEW
UNRESTRICTED GENERAL FUND BASE BUDGET
2006-07
2006-07
BASE BUDGET
EXPENDITURES
CAPITAL OUTLAY
6300 Books
6400 Equipment
6500 Lease/Purchase
Total Capital Outlay
TOTAL EXPENDITURES
TOTAL REVENUE
REVENUE OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (OUTGO)
To Fin. Aid Fund Match
To Gen Fund, Dist. Match
Restricted Indirect
TRANSFERS
From Student Center Fund
From Bookstore Fund
From ASCC
From Trust & Agency
To Bldg Fund/Transp
To Bldg FD/Sched Maint Match
To Child Development Fd
To Retiree Benefits Fund
To Debt Service
Total Transfers
TOTAL OTHER FINANCING SOURCE
SOURCES (OUTGO)
EXCESS REVENUE/TRANSFERS
OVER (UNDER) EXPENDITURES
FINAL
BUDGET
$
WORKING
BUDGET
$
20,123
114,462
28,316
15,888
354,672
13,316
162,901
383,876
54,778,800
56,562,455
54,609,668
57,199,531
1,783,655
2,589,863
2007-08
ACTUALS
At 6/30/07
$
%
15,888
191,077
13,225
31,950
241,609
28,500
1
220,190
302,059
100
51,950,919
58,734,627
57,146,903
61,101,310
6,783,708
3,954,407
(67,460)
(381,500)
100,000
(67,460)
(381,500)
100,000
(46,357)
(381,500)
117,231
(63,480)
(381,500)
129,067
42,000
73,386
42,000
73,386
21,773
73,386
53,371
53,371
(119,890)
75,926
(145,154)
50,500
73,386
15,000
82,523
(335,834)
(659,810)
(492,733)
(920,000)
(335,834)
(1,699,700)
(492,733)
(920,000)
(335,834)
(1,722,636)
(127,000)
(522,156)
(850,000)
(342,054)
(1,619,801)
(1,008,770)
(2,048,660)
(2,033,262)
(1,935,714)
774,885
(126,062)
541,203
(126,062)
2,018,693
(70,000)
99,550
(1,401,534)
646,709
3,084,802
3,731,511
(492,733)
TO ONE-TIME SUB-FUND
NET INCREASE TO FUND BALANCE
BALANCE - BEGINNING YEAR
648,823
2,014,802
1,415,141
2,014,802
4,750,446
(126,062)
(976,102)
1,000,000
(3,648,282)
1,000,000
2,014,802
YEAR END FUND BALANCE
2,663,625
3,429,943
3,014,802
MAINTAIN CONTINGENCY RESERVE AT 4%
TRANS FOR CARRYOVER DESIGNATIONS
FROM ONE-TIME (stipends & reserves)
RESERVES
General Reserve
Revolving Cash Fund
Clearing/Operationa
Unallocated
CalPers
FTES Reserve
TOTAL RESERVES
FINAL
BUDGET
$
1,000,000
1,793,802
30,000
25,000
648,823
166,000
2,663,625
==========
11
2,279,373
30,000
25,000
429,570
166,000
500,000
3,429,943
===========
2,293,802
30,000
25,000
166,000
500,000
3,014,802
=========
2,363,802
30,000
25,000
646,709
166,000
500,000
3,731,511
===========
2007-08 FINAL BUDGET
COMMUNITY EDUCATION – GENERAL FUND
B.
COMMUNITY EDUCATION
This sub-fund accounts for the Community Education and the Contract Education
programs.
The Community Education program is primarily based upon revenue generated
from class fees.
12
2007-08 FINAL BUDGET
COMMUNITY EDUCATION - GENERAL FUND
Cabrillo Community College District
Final Budget 2007-08
Community Education
Final Budget
2006-07
Revenues
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Budget
2007-08
360,000
360,000
416,375
416,375
330,000
330,000
42,115
94,613
31,318
6,400
185,554
49,551
117,915
37,484
10,816
210,826
3,587
430,179
34,674
118,107
36,417
6,100
256,913
(13,804)
(122,211)
360,000
Excess of Revenues Over Expenditures
Actuals
2006-07
0
452,211
Other Financing Sources (Outgo)
7600: Grants/Donations/Scholarships
Interfund Transfers
8900: Transfers In
7300: Transfers Out
8,400
Total Other Financing Sources (Outgo)
8,400
Net Change to Fund Balance
0
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
13
(5,404)
0
(122,211)
132,516
132,516
127,112
132,516
127,112
4,901
2007-08 FINAL BUDGET
CARRY-OVER SUB-FUND – GENERAL FUND
C.
CARRY-OVER SUB-FUND
The carry-over sub-fund accounts for self-sustaining funds, projects that are not
completed within the same fiscal year, and available balance in line-item budgets
authorized for carry-over.
Self-sustaining funds depend on their ability to generate revenue to support their
actual operating expenditures.
Major projects that cross fiscal years are carried over in this sub-fund. Examples
are major repairs, remodeling, and painting projects that are not state-funded.
Examples of items authorized for carry-over are the year-end balances in supply
budgets and the balance in the account established to fund the deductible for
insurance claims.
14
-This Page Intentionally Left Blank-
15
2007-08 FINAL BUDGET
GENERAL RESTRICTED FUND
D.
GENERAL RESTRICTED FUND
The Restricted General Fund programs are established for the purpose of providing
specialized services. These services are funded by revenues collected from program
participants or from revenues provided by a Federal, State or local agency. As the name
implies, restricted funds may only be used to pay for the costs of providing specific
services.
Federal, State and local agencies frequently require that a district receiving special
funding provide general fund dollars to the restricted program. This “match” varies by
funding agency and may be in the form of a cash contribution to pay for specific
expenditures, or it may be an “in-kind” contribution that is made through allocation of
existing district resources such as use of a facility, use of equipment, utilities or
personnel.
The Final Budget includes estimates of the District’s grants and categorically funded
programs. Page 18 shows a summary of the Restricted General Fund revenues and
expenditures. Pages 19 and 20 show the listing of programs included in the Restricted
General Fund budget.
16
2007-08 FINAL BUDGET
RESTRICTED - GENERAL FUND
Cabrillo Community College District
Final Budget 2007-08
Restricted Fund
Final Budget
2006-07
Actuals
2006-07
Budget
2007-08
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
1,049,051
5,183,570
1,999,153
8,231,774
1,191,114
7,178,768
2,047,942
10,417,824
1,078,707
6,432,986
1,702,339
9,214,032
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
1,825,582
1,778,494
1,046,599
446,749
1,706,669
826,162
7,630,255
2,091,873
1,996,698
990,307
303,865
2,001,303
1,546,962
8,931,008
2,137,281
2,077,691
1,136,062
548,008
2,957,111
629,760
9,485,913
601,519
1,486,816
Excess of Revenues Over Expenditures
(271,881)
Other Financing Sources (Outgo)
7600: Grants/Donations/Scholarships
7320: Indirects
Interfund Transfers
8900: Transfers In
7300: Transfers Out
(74,902)
(83,098)
(133,792)
(94,983)
(67,424)
(110,618)
(475,429)
(324,792)
(789,910)
Total Other Financing Sources (Outgo)
(633,429)
(553,567)
(967,952)
(31,910)
933,249
Net Change to Fund Balance
Project Reserves
0
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
17
(1,239,833)
0
306,584
306,584
1,239,833
274,674
1,239,833
0
2007-08 FINAL BUDGET
RESTRICTED - GENERAL FUND
Cabrillo Community College District
Final Budget 2007-08
Restricted - General Fund Detailed Program Listing
Account
Project
Description
various
8016
6015
4150&6016
4150
4260
000
023
031
047
049
079
Transportation
CAP
College/Career Night
CA Wellness
Nursing Expansion
Palo Verde Public Safety
3050
100
Lottery
4010
3050
3050
8610
various
4480
7025
8152
8150&7025
8155
4131
4130
6017
6017
8131
4871
44xx
6024
100
103
104
110
111
112
122
125
126
129
138
139
140
141
153
156
165
170
Lottery 06/7 carryover
Student Representation
Child Care Fees
Health Services
DSPS
Human Care Alliance
Tutorials-Griffith
CARE
EOPS
Migrant Ed 2007
ACCESS 06/07 carryover
Sutter 06/07 carryover
WIA-FTTW
WIA-FTTW
SFAA - BFAP
Presidio Trust carryover
Foster Parent
MESA 06/07 carryover
6024
172
MESA
6024
175
MESA 06/07 carryover
7011
7011&various
2115
3621
6017
6017
various
5010
various
3050
4605
6012
3050
6041
6017
4109
4150
4150
4150
6017
4410&6010
6024
4150
190
194
200
202
204
205
212
216
228
229
230
236
242
259
292
332
333
334
335
338
340
350
358
Matriculation-noncredit
Matriculation-credit
Faculty Staff Development
Faculty Staff Diversity
TANF (FTTW)
Calworks (FTTW)
Block Grant carryover
TTIP 06-07
Instr Mat Trailer 06-07
Sched Maint Trailer 06-07
AMATYC
Tech Prep Hartnell
Int'l Student Capital
Bay ITC
Calworks (FTTW)
Nursing Expansion
RN Capacity 113
RN Capacity 114
RN Capacity 114 Equip
Grove Scholars
TANF/CDC
MESA NSF
AHEC carryover
Federal
Revenue
8100
State
Revenue
8600
Local
Revenue
8800-8900
500,479
13,246
1,300
103,420
16,005
4,816
Certificated
Salaries 1000
Classified
Salaries
2000
60,771
10,223
58,393
14,369
7,656
Other
Employee Supplies & Operating
Benefits
Materials Expenses &
3000
4000
Services
5000
258,056
1,492
1,531
100
1,200
11,021
21,750
1,636
308
3,923
252,164
318,536
31,506
4,300
530,646
1,853,899
265,595
961,698
91,542
48,288
83,045
364,857
24,708
115,950
11,805
1,752
25,052
2,767
20,570
65,077
34,923
6,686
3,520
395,762
33,571
91,500
360,213
9,150
14,761
7,293
65,653
2,430
212
743
17,996
9,651
88,943
2,125
19,236
11,000
35,000
1,000
1,000
2,000
519
2,035
500
236
Transfer
Out 7300
Indirect
7320
181,652
4,600
585
3,000
2,980
32,506
5,105
5,339
5,435
1,868
2,480
469
162
9,377
708,233
50,474
15,233
25,554
255,199
8,415
115,042
237,823
962
114,780
32,177
115,436
9,830
32,979
64,404
1,000
2,100
1,500
300
156,012
49,474
17,529
1,443
106,484
2,000
3,135
81,500
350
305
7,924
35,086
7,513
8,000
41,006
4,952
2,290
1,981
3,410
198
4,500
131,800
698
25,000
10,800
417,040
31,506
4,300
530,646
1,853,899
91,542
48,288
83,045
364,857
25,052
2,767
20,570
65,077
34,923
395,762
33,571
136,385
5,150
29,300
4,000
8,044
907
622
20,777
7,924
1,401
20,172
74,240
36,697
178,553
474,158
3,428
7,939
29,127
94,596
64,680
117,440
111,100
128,016
40,207
45,575
7,391
14,604
57,212
56,768
47,869
14,902
4,223
42,426
16,736
35,212
4,000
17,578
30,870
1,700
300
4,489
18
24,473
6,968
13,036
21,594
2,070
7,235
2,882
435
0
7,100
4,000
1,430
500
500,479
13,246
1,300
103,420
16,005
4,816
252,164
81,500
36,697
Total
Expenses
98,504
2,206
300
109,312
109,075
4,359
3,984
12,458
71,273
11,987
6,158
4
6,400
Student
Aid 7000
252,164
18,661
51,346
136,385
5,150
25,554
48,739
256,113
78,033
28,543
2,500
102,468
2,298
803
7,649
38,988
20,894
286,042
Capital
Outlay
6000
3,428
7,939
401
28,007
13,093
500
17,403
2,152
13,272
11,171
6,718
4,456
4,489
91,045
1,120
1,000
5,397
4,273
5,772
84,000
3,675
9,377
708,233
50,474
19,629
51,108
255,199
74,240
36,697
178,553
474,158
3,428
7,939
91,446
29,127
94,596
64,680
117,440
111,100
128,016
40,207
45,575
7,391
4,489
2007-08 FINAL BUDGET
RESTRICTED - GENERAL FUND
Cabrillo Community College District
Final Budget 2007-08
Restricted - General Fund Detailed Program Listing
Description
Federal
Revenue
8100
State
Revenue
8600
Local
Revenue
8800-8900
Account
Project
4120
4010
4411
4411
6210
6210
6210
6210
359
361
365
367
390
391
392
393
USDA Pipeline CSUMB
Basic Skills carryover
OFR Foster Parent
STAP
SBDC Local
SBDC-SBA (2007)
SBDC Wells Fargo
SBDC-SBA
6210
398
SBDC Econ Dev
various
461
Basic Skills
3050
507
Student Center Fees
4173
620
Horticulture
2,351
various
653
Foundation Faculty Grnts
1,026
various
654
06-07 Foundation Fac Gr
4113
670
Horticulture/Foundation
4014&6016
710
WDBA-NSF Year 3
4014
Various
6012
6012
6012
6012
7152
4260
0000
712
816
819
850
851
852
853
854
000
Digital Bridges
VTEA 1C
Tech Prep VTEA 1B
Bridge
Industrial Tech
Teacher Prep
Econ Dev 06-07
Career Tech Pub Saf 07
Estimated Indirects
Total
15,000
211,835
124,922
167,466
Certificated
Salaries 1000
Classified
Salaries
2000
4,995
9,251
27,359
23,987
11,987
14,507
2,691
35,136
73,914
256
Other
Employee Supplies & Operating
Benefits
Materials Expenses &
3000
4000
Services
5000
754
211,835
13,314
5,425
56,843
5,922
10,000
114,160
259
10,357
11,859
250
23,976
256
11,802
1,907
45,345
31,636
150,000
83,963
26,966
20,486
103
180,647
14,941
500
30,302
2,111
16
68,243
23,355
1,078,707
6,432,986
76,534
17,867
29,137
2,363
28,577
1,702,339
2,137,281
55,769
121,581
3,952
3,800
3,230
75,149
16,667
2,077,691
19
Total
Expenses
9,994
13,397
1,200
2,693
15,000
211,835
124,922
167,466
14,507
73,914
256
45,345
5,769
150,000
180,647
100,800
107,527
2,351
122
2,660
55,769
Indirect
7320
240
900
111,262
Transfer
Out 7300
2,500
6,727
4
2,329
22,825
236,932
157,508
281,010
95,773
244,288
Student
Aid 7000
145,117
107,527
346,058
76,648
Capital
Outlay
6000
32,001
500
6,518
40,019
65
6,400
7,083
24,989
1,747
3,655
12,688
176
2,157
694
500
10,450
1,053
142,772
69,507
138,928
121,576
138,060
60,862
199,108
1,136,062
548,008
2,957,111
1,026
315
2,660
22,825
22,825
4,000
111,262
2,948
9,113
6,058
10,775
3,684
9,395
55,769
346,058
76,648
236,932
157,508
281,010
95,773
244,288
110,618
10,453,865
5,643
1,000
2,400
2,500
629,760
67,424
789,910
-This Page Intentionally Left Blank-
20
2007-08 FINAL BUDGET
ONE-TIME SUB-FUND – GENERAL FUND
E.
ONE-TIME SUB-FUND
This sub-fund accounts for one-time non-recurring funds separately from base
ongoing funds. The General Reserve was maintained at 4% for the Final Budget.
AVAILABLE FUNDS 2006-07
3,898,058
Transfer from Base (07-08)
1,401,534
Special Reserve
(2,803,068)
AVAILABLE FUNDS
2,496,524
ALLOCATION 2007-08
Faculty Technology Grants
15,000
Scotts Valley – (50% of Operating Budget)
15,750
One-Time Allocation – General Reserve 4%
70,000
Retiree Benefit Fund
50,000
Transfer to Cafeteria Fund
16,268
Transfer to Base – $150 Faculty Stipends
29,550
Actuarial Study
5,000
New Classified Staff Equipment
26,560
College Emergency Fund
25,000
College Master Plan
15,000
Risk Management Fund
15,000
Advertising – Marketing
10,000
Remodel/File Security, Student Services
20,000
TOTAL NEW ALLOCATION
313,128
UNALLOCATED ONE-TIME FUNDS
2,183,396
21
2007-08 FINAL BUDGET
RESERVES – GENERAL FUND
F.
RESERVES (ENDING BALANCE)
1.
BASE BUDGET RESERVES
The General Reserves, FTES Operating Reserves, Revolving Fund,
Revolving Stores, Clearing/Operational Fund and CalPers Reserve are
accounted for in the Base Budget in the amount of $ 3,084,802. These funds
are not designated for allocation during the fiscal year.
a.
General Reserves
An account to record the reserve budgeted to provide operating cash
in the succeeding fiscal year until taxes and state funds become
available. The California Community Colleges Chancellor’s Office
guideline is a minimum of 5% of the total General Fund Reserve.
The Final Budget includes a general reserve; $2,363,802; 4%.
b.
Revolving Cash Fund
A $30,000 account to be used for emergency or small sundry
disbursements.
c.
Clearing/Operational Fund
A $25,000 account to be used for District deposits and subsequent
withdrawal into appropriate County treasury accounts.
d.
CalPers Reserve
A CalPers reserve is included in the 2007-08 Final Budget. The
reserve will be used to help smooth recent fluctuations that have
occurred in the CalPers employer contribution rate.
e.
FTES Operating Reserve
In October, 2006 the Governing Board took action to create an
operating reserve to safeguard the district against a decline in FTES.
f.
Unallocated Reserve
The unallocated reserve will be allocated at a later date.
22
2007-08 FINAL BUDGET
RESERVES – GENERAL FUND
RESERVES
Final Budget
2007-08 FINAL BUDGET
RESERVES OF THE GENERAL FUND
Base
Restricted Comm.
Budget
Sub Fund
Ed
General Reserve
Revolving Cash Fund
Clearing/Operational
Unallocated Reserve
CalPers
FTES Operating Reserves
Total Reserves
2,363,802
30,000
25,000
646,709
166,000
500,000
$3,731,511
23
127,112
127,112
TOTAL
General Fund
2,490,914
30,000
25,000
646,709
166,000
500,000
$3,858,623
2007-08 FINAL BUDGET
OTHER FINANCING SOURCES (OUTGO)
G.
OTHER FINANCING SOURCES (OUTGO)
Other financing sources include proceeds from long-term debt, sale of fixed
assets, and incoming transfers.
Other outgo includes debt retirement, student aid and transfers to other funds.
Inter-fund transfers are made to move appropriations and dollars from one fund to
another fund for the purpose of paying for expenditures using the structure
required by generally accepted accounting principles applied to governmental
entities. The transfer of funds allows money to be moved from one fund to a
second fund with the second fund then being responsible for paying all operating
costs of that program. This practice allows all program expenditures related to the
operation of the program, regardless of funding sources, to be accounted for in a
single fund. This treatment provides readers with a full understanding of the
scope of the program as a whole.
Intra-fund transfers are made within a fund of a district. An example of an intrafund transfer would be moving funds from the unrestricted general fund to the
restricted general fund.
A schedule of Inter- and Intra-fund Transfers is included on the following page.
24
2007-08 FINAL BUDGET
TRANSFERS
INTER- AND INTRA-FUND TRANSFERS
Transfer in
Unrestricted General Fund 11
To Building Fund 46
To Child Development Fund 33
To Debt Service Fund 22
To One-Time Sub Fund 17
To Retiree Benefit Fund 23
From One-Time Sub Fund 17
From ASCC Fund 71
From Stu Ctr Fund 73
From Trust & Agency Fund 79
From Bookstore Fund 51
Transfer Out
127,000
522,156
342,054
1,401,534
850,000
99,550
15,000
50,500
82,523
73,386
Restricted General Fund 12
To Building Fund 41 (Transportation)
To Building Fund 46 (Scheduled Maintenance)
To Child Development Fund 33 (Fees)
To Student Ctr Trust Fund 73 (Fees)
To Student Rep Fund 72 (Fees)
181,652
474,158
4,000
100,800
29,300
One-Time Sub Fund 17
To Unrestricted General Fund 11
To Cafeteria Fund 52
To Retiree Benefit Fund 23
From Unrestricted General Fund 11
1,401,534
Debt Service Fund 22
From Unrestricted General Fund 11
342,054
Retiree Benefit Fund 23
From Unrestricted General Fund 11
From One-Time Sub Fund 17
850,000
50,000
Child Devel Fund 33
From Unrestricted General Fund 11
From Restricted General Fund 12 (Child Care Fees)
522,156
4,000
Building Funds 41-47
From Unrestricted General Fund 11 (Sheduled Maint. Match)
From Restricted General Fund 12 (Scheduled Maintenance)
127,000
474,158
From Restricted General Fund 12 (Transportation)
181,652
99,550
16,268
50,000
Bookstore Fund 51
To ASCC Fund 71
To Unrestricted General Fund 11
15,000
73,386
Cafeteria Fund 52
From One-Time Sub Fund 17
16,268
ASCC Fund 71
To Unrestricted General Fund 11
From Bookstore Fund 51
15,000
Student Representation Fund 72
From Restricted General Fund 12 (Fees)
29,300
Student Center Trust Fund 73
To Unrestricted General Fund 11
From Restricted General Fund 12 (Fees)
100,800
15,000
50,500
Trust & Agency Fund 79
Pino Alto/Sesnon to Unrestricted General Fund 11
82,523
Total Inter- and Intra-fund Transfers
4,434,881
Indirects collected in the Unrestricted General Fund
From Child Development Fund 33
From Restricted General Fund 12
Total Indirects Reimbursed to Fund 11
25
18,449
110,618
129,067
4,434,881
2007-08 FINAL BUDGET
RETIREE BENEFIT FUND
II.
RETIREE BENEFIT FUND
Pursuant to the Governmental Fund Group descriptions contained in the California
Community Colleges Budget and Accounting Manual, the District has established a
Retiree Benefit Fund that is contained within the debt service fund group. The fund is
used for the sole purpose of funding retiree health benefits.
Beginning in 2007-08, the District will pay retiree benefits directly out of the Retiree
Benefit Fund. A transfer was processed from the general fund in June, 2007 to cover the
estimated cost of 2007-08 retiree benefits.
Additional allocations for funding the future cost of retiree benefits from the base budget
and one-time funds are: $100,000 ($50,000 each) for 2007-08, $100,000 ($50,000 each)
in 2008-09, $200,000 ($100,000 each) in 2009-10 and 2010-11, $250,000 ($150,000
from base, $100,000 from one-time) for 2011-12 and 2012-13.
Funds held in the Retiree Benefit Fund will accumulate interest income that will be held
toward the cost of future benefits.
26
2007-08 FINAL BUDGET
RETIREE BENEFIT FUND
Cabrillo Community College District
Final Budget 2007-2008
Retiree Benefit Fund
t Budget
9 2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Actual
2006-07
0
Budget
2007-08
0
77,568
77,568
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
0
0
872,507
Excess of Revenues Over Expenditures
0
0
(794,939)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
1,000,000
1,020,000
900,000
Total Other Financing Sources (Outgo)
1,000,000
1,020,000
900,000
Net Change to Fund Balance
1,000,000
1,020,000
105,061
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
0
0
1,000,000
0
1,020,000
1,020,000
1,125,061
872,507
Other Financing Sources (Outgo)
Reserve - For Future Retiree Benefits
1,125,061
27
2007-08 FINAL BUDGET
DEBT SERVICE FUND
III.
DEBT SERVICE FUND
The District uses the Debt Service Fund to account for the payment of the Certificates of
Participation (COP) authorized by the Board of Trustees in 1997-98. COPs are a form of
debt used by governmental agencies that does not require voter approval.
A transfer from the General Fund is made to cover annual COP commitments.
The Debt Service Fund also includes loan payments for Delta School capital
improvements made in 2007 and a corresponding reimbursement from Delta School for
annual loan payments.
28
2007-08 FINAL BUDGET
DEBT SERVICE FUND
Cabrillo Community College District
Final Budget 2007-2008
Debt Service Fund
tFinal Budget
9 2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Actuals
2006-07
Budget
2007-08
55,065
55,065
50,289
50,289
50,265
50,265
503
422,236
49,065
471,804
503
416,103
49,065
465,671
343,254
49,065
392,319
(416,739)
(415,382)
(342,054)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
416,739
416,739
342,054
Total Other Financing Sources (Outgo)
416,739
416,739
342,054
0
1,357
0
351,844
0
351,844
351,844
353,201
353,201
353,201
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
7000: Debt Reduction
Total Expenditures
Excess of Revenues Over Expenditures
Other Financing Sources (Outgo)
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
29
2007-08 FINAL BUDGET
CHILD DEVELOPMENT FUND
IV.
CHILD DEVELOPMENT FUND
The Child Development Fund is designated as a special revenue fund. This fund
accounts for legally restricted revenue sources such as the Child Care Premium Tax
Bailout, the California Department of Education, and the U.S. Department of Education.
The District budgets a transfer from the General Fund for labor costs. The budgeted
transfer for the Final Budget is $522,156.
30
2007-08 FINAL BUDGET
CHILD DEVELOPMENT FUND
Cabrillo Community College District
Final Budget 2007-2008
Child Development Fund
t Budget
9 2006-07
Revenues
810: Federal
860: State
880: Local
Total Revenues
Actuals
2006-07
Budget
2007-08
66,994
632,424
142,051
841,469
62,629
642,286
173,621
878,536
69,800
678,520
130,500
878,820
534,205
299,022
252,454
41,131
182,448
0
0
1,309,260
486,678
250,029
248,490
43,770
197,565
2,123
0
1,228,655
537,506
283,748
275,381
40,400
209,075
24,100
0
1,370,210
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
7000: Grants/Donations/Scholarships
Total Expenditures
Excess of Revenues Over Expenditures
Interfund Transfers
Transfers In
Transfers Out
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
31
(467,791)
(350,119)
(491,390)
496,733
(20,902)
496,089
(21,404)
526,156
(18,449)
8,040
124,566
16,318
55,506
55,506
180,072
63,546
180,072
196,390
2007-08 FINAL BUDGET
BUILDING FUND
V.
BUILDING FUND
This fund accounts for federal, state, and local funding for scheduled maintenance, capital
outlay projects, and student transportation fees.
A.
SCHEDULED MAINTENANCE & CAPITAL OUTLAY PROJECTS
The State provides funds for scheduled maintenance, and capital outlay projects.
The Building Fund also includes funding from Redevelopment Agencies. The
College has been awarded an allocation from State Proposition 55 of $20,357,000
for construction and $1,135,000 for equipment for the Arts Education Complex.
On October 25, 2005, the College was awarded an allocation from State
Proposition D1, which the voters passed in November, 2006, of $10,490,000 for
construction and $1,185,000 for equipment for the Allied Health Buildings.
Specific projects include:
Capital Construction
Arts Education Complex, Third Year
Scheduled Maintenance
Stadium ADA Seating 06-07 Fund Year
Sesnon House Painting 06-07 Fund Year
B.
9,000,000
91,518
12,500
TRANSPORTATION, PARKING & SECURITY
After payment is made to the Santa Cruz County Transit District, the net
collections from the bus passes and parking permit fees are transferred into the
Building Fund. These funds are designated for parking lot security, maintenance,
and repairs.
C.
CERTIFICATES OF PARTICIPATION (COPS)
Certificates of Participation (COPS) were sold in 1997-98. The proceeds have
been used for deferred maintenance, upgrading of infrastructure, and purchase
and installation of the Datatel software system. Support of the conversion to the
Datatel Payroll System will continue through 2007-08.
32
2007-08 FINAL BUDGET
BUILDING FUND
D.
REDEVELOPMENT AGENCY (RDA) FUNDS
The college began receiving RDA funds in 2002-03 from several redevelopment
projects within Santa Cruz County. To date, the college has received $1,024,304
of which $626,653 has been spent to renovate and furnish the Scotts Valley Center.
The budget for 2007-08 projects $400,000 in RDA funds and continues to support
the new Scotts Valley center in the amount of $170,072 for the facilities lease
agreement. Unallocated RDA funds in the 2007-08 Budget are estimated at
$568,207. Item XV, included in the 2007-08 Budget Book, is the projected RDA
payment schedule to the college developed in 2002. Staff is working with the
county to obtain an updated schedule.
33
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F
2007-08 FINAL BUDGET
BUILDING FUND
Cabrillo Community College District
Final Budget 2007-2008
Building Fund
Final Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Actual
2006-07
Budget
2007-08
0
7,643,237
536,628
8,179,865
0
5,908,074
578,422
6,486,496
0
12,193,010
681,000
12,874,010
0
163,679
35,725
23,603
991,747
7,575,391
552,781
9,342,926
0
200,543
50,868
10,363
857,079
6,308,513
0
7,427,366
0
53,252
23,675
13,501
1,547,835
12,086,182
265,750
13,990,195
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
7000: Reserves
Total Expenditures
Excess of Revenues Over Expenditures
(1,163,061)
Interfund Transfers
Transfers In
Transfers Out
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
Reserve - Parking Lot - Fund 41
Reserve - Future COPs Projects - 42
Reserve - For Contingency - 43
Reserve - Redevelopment - 44
Reserve - Sched. Maint. Projects - 46
(1,116,185)
875,639
269,161
898,010
0
0
0
(287,422)
1,967,848
35
(940,870)
(671,709)
(218,175)
1,680,426
1,967,848
0
1,296,139
1,296,139
1,077,964
479,812
21,117
1,016,362
6,255
156,880
0
325,246
207,204
433,128
330,561
27
172,072
242,004
663,861
0
2007-08 FINAL BUDGET
GENERAL OBLIGATION BOND FUND
VI.
GENERAL OBLIGATION BOND FUND
In June 1998 the voters approved an $85 million General Obligation Bond
(Measure C) on behalf of Cabrillo College.
Sales of Measure C bonds have taken place in increments as funds were needed:
1st Issue (Series A) 1998-99
- $12 million
2nd Issue (Series B) 1999-00
- $30 million
3rd Issue (Series C) 2000-01
- $20 million
Final Issue (Series D) 2001-02
- $23 million
In March 2004 the voters approved a $118.5 million General Obligation Bond
(Measure D) on behalf of Cabrillo College.
Sales of Measure D bonds have begun and will take place in increments as funds are needed:
1st Issue (Series A) May 2004
- $60 million
Final Issue (Series B) April 2007 - $58.5 million
The following key projects are included in the Bond Fund for 2007-08:
• Construction of the Arts Education Classroom (AEC) Project:
o Project also receives $20,357,000 State Capital Outlay Construction
funding and $1,136,000.00 Equipment funding.
• Completion of the construction of the Student Services Complex project
• Construction of the Allied Health Complex
• Building Improvements (as approved throughout the year)
• ADA access improvements (as approved throughout the year)
• Campus wide Fire Alarm Upgrade
The following key projects were completed in 2006-07:
• Stadium Bathroom and Concession Stand ADA Improvements
• HVAC Boiler Pipe replacement in Buildings 400 and 450
• Numerous building improvement projects throughout campus (building painting,
classroom renovation, etc.)
• Relocation of Building 850 to Parking Lot S
• Completion of the Allied Health Parking Structure
The Measure C Fund Balance will be held in Reserve to develop a long term solution for the
North County Site.
36
2007-08 FINAL BUDGET
GENERAL OBLIGATION BOND FUND
Cabrillo Community College District
Final Budget 2007-2008
1998 & 2004 General Obligation Bonds
Bond Funds (Combined)
Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Budget
2007-08
2,500,000
2,500,000
2,495,048
2,495,048
2,748,000
2,748,000
0
0
0
3,514
6,305,849
29,342,641
35,652,003
0
4,585
428
22,694
979,171
26,933,803
27,940,680
0
0
0
10,500
1,511,901
33,681,920
35,204,321
(33,152,003)
(25,445,632)
(32,456,321)
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Actual
2006-07
Other Financing Sources (Outgo)
8940: Sale of Bonds
0
58,498,505
0
Interfund Transfers
8900: Transfers In
7300: Transfers Out
0
(126,918)
0
59,993
0
0
Total Other Financing Sources (Outgo)
(126,918)
58,558,498
0
(33,278,921)
33,112,866
(32,456,321)
41,377,602
0
8,098,681
41,377,603
0
74,490,469
74,490,469
0
42,034,148
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
37
2007-08 FINAL BUDGET
GENERAL OBLIGATION BOND FUND
Cabrillo Community College District
Final Budget 2007-2008
1998 General Obligation Bonds
Bond Fund - Measure C
Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Actual
2006-07
Budget
2007-08
100,000
100,000
462,933
462,933
108,000
108,000
0
0
0
0
0
2,232,752
2,232,752
0
4,435
414
12,146
392,347
306,774
716,116
0
0
0
0
236,000
0
236,000
(2,132,752)
(253,183)
(128,000)
Other Financing Sources (Outgo)
8940: Sale of Bonds
Interfund Transfers
8900: Transfers In
7300: Transfers Out
0
0
0
0
Total Other Financing Sources (Outgo)
0
0
Net Change to Fund Balance
(2,132,752)
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
38
(253,183)
0
(128,000)
3,029,677
3,029,678
2,776,495
896,925
2,776,495
2,648,495
2007-08 FINAL BUDGET
GENERAL OBLIGATION BOND FUND
Cabrillo Community College District
Final Budget 2007-2008
2004 General Obligation
Bond Fund - Measure D - Series A
Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Actual
2006-07
Budget
2007-08
2,400,000
2,400,000
1,465,280
1,465,280
1,200,000
1,200,000
0
0
0
3,514
6,305,849
27,109,889
33,419,252
0
150
14
10,548
586,824
26,627,029
27,224,565
0
0
0
10,500
1,275,901
7,438,905
8,725,306
(31,019,252)
(25,759,285)
(7,525,306)
Other Financing Sources (Outgo)
8940: Sale of Bonds
Interfund Transfers
8900: Transfers In
7300: Transfers Out
0
(126,918)
0
59,993
0
0
Total Other Financing Sources (Outgo)
(126,918)
59,993
0
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
39
(31,146,170)
(25,699,292)
(7,525,306)
38,347,925
38,347,925
12,648,633
7,201,755
12,648,633
5,123,327
2007-08 FINAL BUDGET
GENERAL OBLIGATION BOND FUND
Cabrillo Community College District
Final Budget 2007-2008
2004 General Obligation
Bond Fund - Measure D - Series B
Budget
2006-07
Actual
2006-07
Budget
2007-08
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
0
566,835
566,835
1,440,000
1,440,000
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
0
0
26,243,015
26,243,015
Excess of Revenues Over Expenditures
0
566,835
(24,803,015)
Other Financing Sources (Outgo)
8940: Sale of Bonds
0
58,498,505
0
Total Other Financing Sources (Outgo)
0
58,498,505
Net Change to Fund Balance
0
59,065,340
(24,803,015)
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
0
0
0
0
0
59,065,340
59,065,340
0
34,262,325
Interfund Transfers
8900: Transfers In
7300: Transfers Out
40
0
-This Page Intentionally Left Blank-
41
2007–08 FINAL BUDGET
BOOKSTORE FUND
VII. BOOKSTORE FUND
The Bookstore Fund is an enterprise fund. An enterprise fund accounts for the total costs
of providing goods and services on a continuing basis to students and staff and is
financed through user charges or earned income.
The increase in both sales and expenses reflects the change in operations associated with
the first year occupying the new Student Activity Center beginning November, 2007.
The fund accounts for the total operation of the Bookstore, which includes payments to
the District of $227,994 in occupancy and administrative fees.
Incorporated into the Final Budget is a two percent discount on new textbooks priced
$100 and over, and a $15,000 transfer to the Student Senate library reserve book fund.
This is an ongoing program to help reduce the price of books to students.
42
2007-08 FINAL BUDGET
BOOKSTORE FUND
Cabrillo Community College District
Final Budget 2007-2008
Bookstore Fund
Enterprise Fund
Budget
2006-07
Actual
2006-07
Budget
2007-08
3,333,778
2,384,110
3,431,688
2,412,870
3,874,431
2,737,345
Gross Profit or (Loss)
949,668
1,018,818
1,137,086
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
407,683
160,037
7,500
262,287
409,800
155,375
7,809
239,189
475,402
219,164
15,000
394,312
837,507
812,173
1,103,878
Excess of Revenues Over Expenditures
112,161
206,645
33,208
Other Financing Sources (Outgo)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
(88,386)
(88,386)
(88,386)
Total Other Financing Sources (Outgo)
(88,386)
(88,386)
(88,386)
23,775
118,259
(55,178)
1,606,683
1,606,683
1,724,942
1,630,458
1,724,942
1,669,764
Total Income
Cost of Sales
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
43
2007-08 FINAL BUDGET
CAFETERIA SPECIAL REVENUE FUND
VIII. CAFETERIA SPECIAL REVENUE FUND
On April 9, 2007, the Governing Board approved awarding a contract to Taher, Inc. of
Minnetonka, NM for the operation of the food services for two years, with three each one
year options to renew. Their contractual arrangement with the College is as follows:
•
Pay a flat commission of $32,000 per year.
•
Pay the College $25,000 to cover a portion of the salary of the one District classified
employee remaining with food service if the District elects to retain that position.
•
Provide $15,000 in capital improvements to current serving lines in the main cafeteria.
•
Provide $15,000 in capital improvements to the Student Activities Center.
•
Provide $1,000 in co-sponsored catered events to student and College faculty/staff
events.
The Final Budget assumes that the District classified employee will continue to be employed
full-time for the entire fiscal year. A shortfall of approximately $16,268 is expected in 200708. A Transfer In from the base budget is included in the Final Budget.
44
2007-08 FINAL BUDGET
CAFETERIA SPECIAL REVENUE FUND
Cabrillo Community College District
Final Budget 2007-08
Cafeteria Special Revenue Fund
t Final Budget
9 2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Actuals
2006-07
Budget
2007-08
63,705
63,705
59,844
59,844
57,500
57,500
43,853
17,059
44,495
16,131
44,131
18,008
2,793
1,024
11,722
63,705
61,651
73,861
(1,807)
(16,361)
1,900
16,268
16,268
0
Other Financing Sources (Outgo)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
Total Other Financing Sources (Outgo)
0
1,900
Net Change to Fund Balance
0
93
(93)
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
0
0
93
0
93
0
45
2007-08 FINAL BUDGET
ASSOCIATED STUDENTS FUND
IX.
ASSOCIATED STUDENTS FUND
The Associated Students Fund is money held in trust by the District for organized student
body association activities. The District has fiduciary responsibility for these funds.
The Associated Students Fund is funded by the sale of student activity cards, vending
machine commissions, and contributions from the Bookstore. The revenue supports
student services, graduation, clubs, and other College programs, and provides
scholarships and loans.
The Final Budget for Associated Student Fund for 07/08 includes a revised revenue
estimate for the new Negative Check-off System for Student Activity Cards (available
Spring 2008) The revenue budget will be reviewed in February 2008 when actual
Revenue for Spring semester is known. The revenue budget also reflects the new
vending machine contract with Pepsi.
46
2007-08 FINAL BUDGET
ASSOCIATED STUDENTS FUND
Cabrillo Community College District
Final Budget 2007-08
Associated Students Fund
Final Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Actuals
2006-07
Budget
2007-08
41,150
41,150
50,004
50,004
88,500
88,500
9,700
31,450
11,382
50,663
10,000
78,500
41,150
62,045
88,500
Excess of Revenues Over Expenditures
0
Other Financing Sources (Outgo)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
15,000
(15,000)
Total Other Financing Sources (Outgo)
0
Net Change to Fund Balance
0
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
47
15,000
(15,000)
0
(12,041)
15,000
(15,000)
0
0
88,853
88,853
76,812
88,853
76,812
76,812
2007-08 FINAL BUDGET
TRUST & AGENCY FUND
X.
TRUST & AGENCY FUND
The Trust and Agency Fund was established to account for monies held in a trustee
capacity by the College for individuals, student organizations or clubs. Money is
expended in accordance with procedures established by the entity for which the money is
held in trust.
The Trust and Agency Fund contains accounts where the District is the agent for the
funds. These accounts are not funded from the General Fund. Examples include student
clubs and organizations, Cabrillo Stage, Distinguished Artists, Cabrillo Chorus, pottery
fund, athletic ancillary funds and numerous others. The fund balance is an accumulated
balance of the entities, and is not available to the General Fund.
Effective 2007/2008 the Trust and Agency Fund includes California Community College
Student Advisory Association (CCCSAA).
48
2007-08 FINAL BUDGET
TRUST AND AGENCY FUND
Cabrillo Community College District
Final Budget 2007-08
Trust and Agency Fund
Final Budget
2006-07
Actuals
2006-07
Budget
2007-08
1,090,000
1,090,000
1,039,507
1,039,507
1,034,735
1,034,735
145,000
932,000
174,422
754,130
1,077,000
160,941
796,319
6,148
963,408
13,000
76,099
106,183
Interfund Transfers
8900: Transfers In
7300: Transfers Out
(53,371)
(77,064)
(82,523)
Total Other Financing Sources (Outgo)
(53,371)
(77,064)
(82,523)
Net Change to Fund Balance
(40,371)
(965)
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
733,721
733,721
732,756
693,350
732,756
756,416
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
928,552
Other Financing Sources (Outgo)
49
23,660
2007-08 FINAL BUDGET
SCHOLARSHIP & LOAN TRUST FUND
XI.
SCHOLARSHIP & LOAN TRUST FUND
The Scholarship and Loan Trust Fund accounts for gifts, donations and bequests that are
used for scholarships, grants or loans to students. The majority of income for this fund
comes from the Cabrillo Foundation; the remainder is received from other sources.
50
2007-08 FINAL BUDGET
SCHOLARHIP AND LOAN TRUST FUND
Cabrillo Community College District
Final Budget 2007-08
Scholarship and Loan Trust Fund
Final Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Actuals
2006-07
Budget
2007-08
383,100
383,100
336,283
336,283
383,100
383,100
383,100
336,283
383,100
(383,100)
(339,671)
(383,100)
(383,100)
(339,671)
(383,100)
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Other Financing Sources (Outgo)
7000: Grants/Donations/Scholarships
Interfund Transfers
8900: Transfers In
7300: Transfers Out
Total Other Financing Sources (Outgo)
Net Change to Fund Balance
0
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
51
(3,388)
0
20,074
20,074
16,686
20,074
16,686
16,686
2007-08 FINAL BUDGET
STUDENT FINANCIAL ASSISTANCE FUND
XII. STUDENT FINANCIAL ASSISTANCE FUND
Student Financial Assistance Funds are designated to account for receiving and
disbursing federal- and state-funded student financial aid.
PELL GRANTS - A federal program available to undergraduate students who are
participating in an eligible program on at least a half-time basis (six or more units). The
amount of the grant is determined by the student's index number. The beginning budget
reflects the amount of the initial award letter. Augmentations are received throughout the
year.
SEOG - Supplemental Educational Opportunity Grant is a federal program that enables
students with verified exceptional financial needs to pursue their studies at institutions of
higher education. The student must be enrolled on at least a half-time basis, show
evidence of academic progress, and be capable of maintaining good standing.
EOPS - Extended Opportunity Program and Services is a state grant that is awarded
through the Financial Aid Office to students with verified exceptional need who qualify
under the program guidelines.
CARE - Cooperative Agencies Resources for Education is a state program awarded
through the Financial Aid Office for welfare-dependent single heads of households with
preschool age children.
CAL GRANTS A, B, C – A State funded grant given to students to help pay for college
expenses.
ACADEMIC COMPETITIVE GRANT – A Federal program, new in 2006, is for first
and second year college students. Students must be enrolled full-time in a college degree
program in their first or second academic year and be a Federal Pell Grant recipient.
52
2007-08 FINAL BUDGET
STUDENT FINANCIAL ASSISTANCE FUND
Cabrillo Community College District
Final Budget 2007- 08
Student Financial Assistance Fund
Final Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Actuals
2006-07
Budget
2007-08
5,074,543
785,000
288
5,859,831
4,868,173
743,083
132
5,611,388
5,076,220
780,000
144
5,856,364
5,859,831
5,611,388
5,856,364
(5,859,831)
(5,610,679)
(5,856,364)
(5,859,831)
(5,610,679)
(5,856,364)
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Other Financing Sources (Outgo)
7000: Grants/Donations/Scholarships
Interfund Transfers
8900: Transfers In
7300: Transfers Out
Total Other Financing Sources (Outgo)
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
53
0
709
0
29,795
0
29,795
29,795
30,504
30,504
30,504
2007-08 FINAL BUDGET
STUDENT REPRESENTATION FEE FUND
XIII. STUDENT REPRESENTATION FEE FUND
California Legislation authorized a one-dollar fee to be collected from students to support
Student Senate representatives in lobbying for student rights before city, state and federal
agencies.
54
2007-08 FINAL BUDGET
STUDENT REPRESENTATION FEE FUND
Cabrillo Community College District
Final Budget 2007-08
Student Representation Fee Fund
t Final Budget
9 2006-07
Actuals
2006-07
Budget
2007-08
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
21,000
21,845
28,000
21,000
21,845
28,000
(21,000)
(21,845)
(28,000)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
28,500
28,720
29,300
Total Other Financing Sources (Outgo)
28,500
28,720
29,300
7,500
6,875
1,300
48,209
48,209
55,084
55,709
55,084
56,384
Excess of Revenues Over Expenditures
Other Financing Sources (Outgo)
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
55
2007-08 FINAL BUDGET
STUDENT CENTER FEE FUND
XIV. STUDENT CENTER FEE FUND
The Student Center Fee is required of all students and is designated solely for the purpose
of maintaining, remodeling and/or building a new Student Center. The fee is $1 per unit
for a maximum of $5 per semester, and cannot exceed $10 per academic year. Some
students receiving financial assistance may have the fee waived.
The Student Center Fee Budget for 07/08 includes the budgeted expenditures (from 06/07
final budget), for outfitting and supporting the operation costs and equipment purchases
for the new Student Center Building.
56
2007-08 FINAL BUDGET
STUDENT CENTER FEE FUND
Cabrillo Community College District
Final Budget 2007- 08
Student Center Fee Fund
Final Budget
2006-07
Revenues
8100: Federal
8600: State
8800: Local
Total Revenues
10,000
10,000
Expenditures
1000: Academic Salaries
2000: Non-Instructional Salaries
3000: Employee Benefits
4000: Supplies and Materials
5000: Other Operating Expenses
6000: Capital Outlay
Total Expenditures
Excess of Revenues Over Expenditures
Actuals
2006-07
Budget
2007-08
36,598
36,598
13,000
13,000
25,000
30,000
350,000
405,000
18,158
18,158
25,000
57,500
360,000
442,500
(395,000)
18,440
(429,500)
112,000
(42,000)
112,716
(21,773)
100,800
(50,500)
70,000
90,943
50,300
(325,000)
109,383
(379,200)
899,225
899,225
1,008,608
574,225
1,008,608
629,408
Other Financing Sources (Outgo)
Interfund Transfers
8900: Transfers In
7300: Transfers Out
Total Other Financing Sources (Outgo)
Net Change to Fund Balance
Beginning Fund Balance
Fund Adjustment
Ending Fund Balance
57