BALANCED TO CHANC OFC P-1 REPORT
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
Redwoods Community College District
Chancellor's Office Maximum funded enrollments
Unrestricted General Fund Bgt Forecast 2013-14
CO MAX
Estimates
Student FTES
Resident (funded)
4,811
Percent Change
10.2%
Non-Resident
Subtotal for Credit
Non-Credit
Grand Total FTES
218
5,029
30
5,059
For 2012-13, CR is forecasting 4364 resident FTES, but the CO guarantees CR 4535 FTES worth of stability funding
enrollment forecast holds, then the CO will lower CR's guaranteed stability FTES to 4364 for 2013-14. 2012-13 FTES
is based on the CO's 4535 guaranteed stability funding.
Funding Per FTES
Credit (net of deficit factor in 2011-12)
Percent Change
4,638
1.6%
Non-Credit CDCP (71% of Credit)
Non-Credit (60%)
3,284
2,789
CDCP: Career Development and College Prep
Revenue
Federal Sources
158,705
State Sources
Basic Allocation
FTES Funding (deficit factor in 2011-12)
FTES funding (deficit factor, etc.)
SB 361 State Support
SB 361 Prop 30 EPA
CA State Lottery
Other Revenue
Subtotal State Sources
Local Sources
SB 361 Enrollment Fees
SB 361 Property Taxes
Non-Resident Tuition
Other Revenue
Subtotal Local Sources
Grand Total Revenue
17,308,601
577,304
270,184
18,156,089
1,233,360
8,635,295
878,578
475,000
11,222,233
29,537,027
Percent Change
MEMO: Total SB 361 (AKA Apportionment)
3/12/2013 11:53 AM
4,780,810
12,527,791
1
8.3%
27,177,256
2013-14 CR Bgt Forecast3 @ Revised P-1.xlsx Budget Summary
BALANCED TO CHANC OFC P-1 REPORT
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
Redwoods Community College District
Chancellor's Office Maximum funded enrollments
Unrestricted General Fund Bgt Forecast 2013-14
CO MAX
Estimates
Expenditures
Academic Salaries
Other Staff Salaries
Employee Benefits
Subtotal Payroll Base
11,707,447
5,822,821
6,367,882
23,898,150
Steps, COLAs, Other Cost Increases
Academic Salaries - Step
Academic Salaries - 1.5% COLA
Academic Salaries - FTES Growth
Other Staff Salaries
Employee Benefits
Additional permanent reorg svgs
Add back one-time furlough svgs
Subtotal Payroll Increases
Subtotal Payroll
Percent Change
273,000
843,115
132,000
265,000
(1,139,552)
1,044,278
1,417,841
25,315,991
5.9%
All Services and Supplies
Base
Increase - Inflation
Special Trustee, Recovery, Negotiations
Subtotal All Services and Supplies
Total Expenditures
Percent Change
4,198,914
83,978
4,282,892
29,598,884
5.3%
Other Financing Sources(Uses)
Transfers In
Transfers Out
Increase Transfer to Empl benefit Trust
Student Fin Aid (HS concurrent enrollment)
Other Sources(Uses)
Total Sources(Uses)
Additional anticipated bgt savings
Grand Total Expenditures & Other
Percent Change
156,959
(624,000)
(25,000)
(20,000)
(512,041)
30,110,925
9.4%
Net Revenue(Loss)
(573,898)
Fund Equity Reserves
3/12/2013 11:53 AM
2
2013-14 CR Bgt Forecast3 @ Revised P-1.xlsx Budget Summary
BALANCED TO CHANC OFC P-1 REPORT
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
Redwoods Community College District
Chancellor's Office Maximum funded enrollments
Unrestricted General Fund Bgt Forecast 2013-14
CO MAX
Estimates
Beginning Fund Equity
Net Revenue(Loss)
Ending Fund Balance
Fund Balance Percent
1,116,293
(573,898)
542,395
1.79%
Fund Balance Shortfall to 5.0%
3/12/2013 11:53 AM
(963,151)
3
2013-14 CR Bgt Forecast3 @ Revised P-1.xlsx Budget Summary