BALANCED TO CHANC OFC P-1 REPORT
Redwoods Community College District
Budget Planning Committee (BPC)
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
The BPC budget shows a net deficit and a projected fund equity reserve of less than 5.00%. The District must increase revenues and reduce
expenditures on a temporary and permanent basis to close the budget gap, to remain fiscally solvent, and to meet Accreditation standard IIID, The
level of financial resources provides a reasonable expectation of both short-term and long-term fiscal solvency.
Unrestricted General Fund Bgt Forecast 2011-12
Ending Bgt
BPC Estimates
Student FTES*
CO Available
CO Funded
Resident (Actual)
2012-13
Budget
2013-14
Low FTES
BOT 6-2012
4,811
4,811
P-1
4,811
4,535
4,535
4,364
4,535
4,364
4,364
Percent Change
-3.8%
0.0%
2013-14
High FTES
4,500
3.1%
2014-15
Estimate
4,545
1.0%
2015-16
Estimate
4,590
1.0%
Non-Resident
Subtotal for Credit
Non-Credit
Grand Total FTES*
198
4,733
7
4,740
198
4,562
7
4,569
198
4,562
7
4,569
218
4,718
30
4,748
220
4,765
33
4,798
222
4,813
36
4,849
Funding Per FTES
Credit (net of deficit factor in 2011-12)
4,434
4,565
4,638
4,638
4,712
4,787
Percent Change
3.0%
Non-Credit CDCP (71% of Credit)
Non-Credit (60%)
1.6%
1.6%
1.6%
1.6%
3,232
2,745
3,232
2,745
3,284
2,789
3,284
2,789
3,284
2,789
158,705
158,705
158,705
158,705
158,705
4,705,522
4,705,522
10,829,371 10,389,142
(410,000)
???
15,124,893 15,094,664
577,304
577,304
4,780,810
11,085,414
???
15,866,224
577,304
4,857,303
11,639,750
???
16,497,054
583,077
4,935,020
12,209,206
???
17,144,226
588,908
CDCP: Career Development and College Prep
Revenue
Federal Sources (Timber/forest)
State Sources
Basic Allocation (District, rural, 2 centers)
FTES Funding (deficit factor in 2011-12)
FTES funding (deficit factor, etc.)
Subtotal SB 361 State Support
CA State Lottery
Other Revenue (PT faculty & BOG fee waiver
allocations, etc)
Subtotal State Sources
Local Sources
SB 361 Enrollment Fees
SB 361 Property Taxes
Non-Resident Tuition
Other Revenue (Other fees, commissions,
rentals)
Subtotal Local Sources
Grand Total Revenue
Percent Change
MEMO: Total SB 361 (AKA Apportionment)
3/15/2013 12:05 PM
158,705
4,705,522
11,508,159
16,213,681
587,089
449,357
270,184
270,184
270,184
272,886
275,615
17,250,127
15,972,381
15,942,152
16,713,712
17,353,017
18,008,749
1,191,818
8,629,234
793,206
1,233,360
8,635,295
798,707
1,233,360
8,635,295
798,707
1,233,360
8,635,295
878,578
1,233,360
8,635,295
887,363
1,233,360
8,635,295
896,237
443,915
475,000
475,000
475,000
479,750
484,548
11,058,173
28,467,005
11,142,362
27,273,448
11,142,362
27,243,219
11,222,233
28,094,650
11,235,768
28,747,490
11,249,440
29,416,893
26,034,733
-4.2%
24,993,548
1
-0.1%
24,963,319
3.0%
25,734,879
2.3%
26,365,709
2.3%
27,012,881
2013-14 CR Bgt Forecast4 @ Revised P-1.xlsx Budget Summary
BALANCED TO CHANC OFC P-1 REPORT
Redwoods Community College District
Budget Planning Committee (BPC)
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
The BPC budget shows a net deficit and a projected fund equity reserve of less than 5.00%. The District must increase revenues and reduce
expenditures on a temporary and permanent basis to close the budget gap, to remain fiscally solvent, and to meet Accreditation standard IIID, The
level of financial resources provides a reasonable expectation of both short-term and long-term fiscal solvency.
Unrestricted General Fund Bgt Forecast 2011-12
Ending Bgt
BPC Estimates
Expenditures
Academic Salaries (Faculty and admin)
Other Staff Salaries (Staff, mgr & confidential)
Employee Benefits (All employees)
Subtotal Payroll Base
Steps, COLAs, Other Cost Increases
Academic Salaries - Step
Academic Salaries - 1.5% COLA
Academic Salaries - FTES Growth
Other Staff Salaries
Employee Benefits
Additional permanent round 1 reorg svgs
Add back one-time furlough svgs
Subtotal Payroll Increases
Subtotal Payroll
12,438,269
6,113,957
6,496,624
25,048,850
25,048,850
2012-13
Budget
2013-14
Low FTES
2013-14
High FTES
2014-15
Estimate
2015-16
Estimate
11,707,447
5,822,821
6,367,882
23,898,150
11,707,447
5,822,821
6,367,882
23,898,150
11,707,447
5,822,821
6,367,882
23,898,150
12,336,515
5,954,821
6,537,608
24,828,944
12,723,874
6,086,821
6,802,608
25,613,304
273,000
273,000
273,000
273,000
356,068
114,359
132,000
132,000
132,000
265,000
265,000
265,000
(1,139,552) (1,139,552)
1,044,278
1,044,278
574,726
930,794
784,359
24,472,876 24,828,944 25,613,304
118,490
132,000
265,000
23,898,150
Percent Change
-4.6%
Note: Salary and benefits may be negotiable items, not within BPC's purview
All Services and Supplies
Base
Increase - Inflation
Subtotal All Services and Supplies
Total Expenditures
3,763,995
4,198,914
3,763,995
28,812,845
4,198,914
28,097,064
Percent Change
Other Financing Sources(Uses)
Transfers In (Auxiliary support)
Transfers Out (Empl Ben Fund, Debt Svc, CDC
& Shively Farm, Special Trustee, etc)
-2.5%
(443,507)
(103,024)
(546,531)
29,359,376
3/15/2013 12:05 PM
(892,371)
2.3%
4,282,892
85,658
4,368,550
29,197,494
3.9%
3.2%
4,368,550
87,371
4,455,921
30,069,225
3.0%
3.1%
4,455,921
89,118
4,545,040
30,946,833
2.9%
156,959
156,959
6,959
6,959
(624,000)
(624,000)
(624,000)
(624,000)
(624,000)
(100,000)
(100,000)
(100,000)
(25,000)
(20,000)
(612,041)
(25,000)
(20,000)
(612,041)
(50,000)
(20,000)
(787,041)
(75,000)
(20,000)
(712,041)
29,809,535
30,856,266
31,658,874
(20,000)
(337,041)
(914,053)
27,520,052 29,367,809
Percent Change
Net Revenue(Loss)
4,198,914
83,978
4,282,892
28,755,768
3.9%
306,959
Increase Special Trustee, Recovery,
Negotiations
Increase Transfer to Empl benefit Trust
Student Fin Aid (HS concurrent enrollment)
Other Sources(Uses)
Total Sources(Uses)
Additional concession/round 1 reorg svgs
Grand Total Expenditures & Other
2.4%
788,490
26,401,793
-6.3%
6.7%
8.3%
3.5%
2.6%
(246,604)
(2,124,591)
(1,714,885)
(2,108,776)
(2,241,981)
2
2013-14 CR Bgt Forecast4 @ Revised P-1.xlsx Budget Summary
BALANCED TO CHANC OFC P-1 REPORT
Redwoods Community College District
Budget Planning Committee (BPC)
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
The BPC budget shows a net deficit and a projected fund equity reserve of less than 5.00%. The District must increase revenues and reduce
expenditures on a temporary and permanent basis to close the budget gap, to remain fiscally solvent, and to meet Accreditation standard IIID, The
level of financial resources provides a reasonable expectation of both short-term and long-term fiscal solvency.
Unrestricted General Fund Bgt Forecast 2011-12
Ending Bgt
BPC Estimates
2012-13
Budget
2013-14
Low FTES
Fund Equity Reserves
Beginning Fund Equity
Net Revenue(Loss)
Ending Fund Balance
Fund Balance Percent
2,389,219
(892,371)
1,496,848
5.10%
1,362,897
(246,604)
1,116,293
4.01%
1,116,293
(2,124,591)
(1,008,298)
-3.42%
28,879
(259,710)
(2,476,688)
Fund Balance Shortfall to 5.0%
2013-14
High FTES
2014-15
Estimate
2015-16
Estimate
1,116,293
(1,714,885)
(598,592)
-2.00%
1,490,477
(2,108,776)
(618,299)
-2.00%
1,542,813
(2,241,981)
(699,167)
-2.21%
(2,089,069)
(2,161,112)
(2,282,111)
*
CO Available: This is the maximum number of funded FTES available to CR, but CR must actually enroll up to this level to receive this funding.
CO Funded: This is the number of FTES that CR is guaranteed funding for the year, whether or not actual enrollments reach this level.
For 2012-13, CR is forecasting 4364 resident FTES, but the CO guarantees CR 4535 FTES worth of stability funding on the P-1. If CR's
enrollment forecast holds, then the CO will lower CR's guaranteed stability FTES to 4364 for 2013-14. 2012-13 FTES funding on this spreadsheet
is based on the CO's 4535 guaranteed stability funding.
3/15/2013 12:05 PM
3
2013-14 CR Bgt Forecast4 @ Revised P-1.xlsx Budget Summary