CR Revenue Forecast @ Feb 2012
Preliminary Draft - Tentative, No Final Decisions
2011-12
Student FTES (Resident/Funded)
2012-13
Best case
2012-13
Worst case
4,811
4,811
4,548
Tier 1 Mid year cut
Tier 2 Mid year cut
Total Cut
140,070
336,167
476,237
336,167
336,167
140,070
336,167
476,237
2010-11 FTES Growth (Over the 6-30-2011 budget)
Governor's Jan 2012 Bgt
CO Deficit Factor, net of tier 1 cut
771,600
(167,098)
-
(167,098)
1,200,000
-
169,069
1,509,139
REVENUE CUT
1,247,837
Note: This is a preliminary revenue estimate based on the Governor's January, 2012 budget proposal. The
Governor will provide a May Revised Proposal in May, 2012.
2012-13
Best case
CR Expenditure Forecast @ Feb 2012
Preliminary Draft - Tentative, No Final Decisions
Cancel Arcata Kitchen Lease
Health Insurance
Retirement Contributions
Unemployment Insurance
Workers Compensation
All Other Step
Step CSEA 2011-12
COLA guarantee (1.5%)
Police Academy
Fire Svc
VP Instruction
Human Resources Director
(8,500)
181,000
34,000
50,000
486,000
215,000
315,000
60,000
45,000
170,000
150,000
EXPENDITURE INCREASE
1,697,500
2012-13
Best case
CR Transfers Forecast @ Feb 2012
Preliminary Draft
Refinance COPs from Empl Benefit Trust*
Transfer to Employee Benefits Trust*
TRANSFERS INCREASE
2012-13
Worst case
(8,500)
181,000
34,000
50,000
486,000
215,000
315,000
60,000
45,000
170,000
150,000
1,697,500
2012-13
Worst case
80,000
25,000
80,000
25,000
105,000
105,000
* In 2011-12, existing COP payment is being refinanced, so no payment in 2011-12, but payment must be
added back to 2012-13. District needs to increase transfers to the employee benefits trust to properly fund this
obligation.
TOTAL BUDGET SHORTFALL
1,971,569
2012-13
Best case
CR Bgt Potential Solutions @ Feb 2012
Preliminary Draft - Tentative, No Final Decisions
3,311,639
2012-13
Worst case
101 Corridor Sites (Lease + operating costs)
Transfer Auxiliary Support (Bookstore, Dining, Housing, Parking)
TLUs (Course Section Funding)*
Reduce operating expenditures (BPC recommendations)
Revenue increase
(275,000)
(300,000)
(200,000)
(80,000)
(275,000)
(300,000)
(275,000)
(200,000)
(80,000)
TOTAL OPERATING SOLUTIONS
(855,000)
(1,130,000)
Retirement Holds, Reductions, Reorganization Estimates:
Administration, Management
Faculty
Staff
(435,000)
(800,000)
(650,000)
(435,000)
(800,000)
(650,000)
(1,885,000)
(1,885,000)
TOTAL PAYROLL SOLUTIONS
Accreditation Budget
TLUs for 51 growth FTES (Over the 6-30-2011 budget)
Payroll Concessions (Negotiations)
Unallocated
100,000
75,000
REMAINING BUDGET SHORTFALL (Spring Reallocation)
100,000
75,000
(450,000)
(21,639)
(593,431)
-
* About $400,000 TLU savings could be realized if the entire $1.2 million revenue cut also reduces CR's
enrollment cap, which is called a "workload reduction". However, the $700K in retirement savings includes
some faculty retirements, so the estimated TLU is adjusted to avoid doublecounting the potential savings.
2/26/2012 10:03 AM
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2012-13 CR Budget Forecast5.xlsx Sheet1