BALANCED TO CHANC OFC P-1 REPORT
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
Redwoods Community College District
The 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
Estimates
Student FTES
Resident (funded)
BOT 6-2012
2012-13
Budget
2013-14
High Est
2014-15
Estimate
2015-16
Estimate
P-1
4,535
4,364
Percent Change
Non-Resident
Subtotal for Credit
Non-Credit
Grand Total FTES
2013-14
Low Est
4,364
-3.8%
198
4,733
7
4,740
0.0%
198
4,562
7
4,569
4,500
3.1%
4,545
1.0%
4,590
1.0%
198
4,562
7
4,569
218
4,718
30
4,748
220
4,765
33
4,798
222
4,813
36
4,849
4,638
4,638
4,712
4,787
2012-13 CO FTES Cap is 4,811
Funding Per FTES
Credit (net of deficit factor in 2011-12)
4,434
4,565
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
158,705
4,705,522
11,508,159
4,705,522
10,389,142
4,780,810
11,085,414
4,780,810
11,639,750
4,780,810
12,209,206
15,094,664
15,866,224
16,420,561
16,990,016
587,089
449,357
17,250,127
4,705,522
6,745,912
(200,000)
(456,483)
10,794,951
4,083,459
577,304
270,184
15,725,898
577,304
270,184
15,942,152
577,304
270,184
16,713,712
583,077
272,886
17,276,524
588,908
275,615
17,854,539
1,191,818
8,629,234
793,206
443,915
11,058,173
28,467,005
1,233,360
8,635,295
798,707
475,000
11,142,362
27,026,965
1,233,360
8,635,295
798,707
475,000
11,142,362
27,243,219
1,233,360
8,635,295
878,578
475,000
11,222,233
28,094,650
1,233,360
8,635,295
887,363
479,750
11,235,768
28,670,997
1,233,360
8,635,295
896,237
484,548
11,249,440
29,262,684
CDCP: Career Development and College Prep
Revenue
Federal Sources
State Sources
Basic Allocation
FTES Funding (deficit factor in 2011-12)
FTES funding (deficit factor)
FTES funding (missed FTES target)
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
Percent Change
MEMO: Total SB 361 (AKA Apportionment)
2/22/2013 1:47 PM
16,213,681
26,034,733
-5.1%
24,747,065
1
0.8%
24,963,319
4.0%
25,734,879
2.1%
26,289,216
2.1%
26,858,671
2013-14 CR Bgt Forecast2 @ P-1.xlsx Budget Summary
BALANCED TO CHANC OFC P-1 REPORT
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
Redwoods Community College District
The 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
Estimates
Expenditures
Academic Salaries
Other Staff Salaries
Employee Benefits
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 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 Est
2013-14
High Est
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
6,632,882
24,924,218
12,723,874
6,086,821
6,897,882
25,708,577
273,000
273,000
273,000
273,000
132,000
265,000
(1,139,552)
1,044,278
574,726
24,472,876
356,068
132,000
265,000
(1,139,552)
1,044,278
930,794
24,828,944
114,359
132,000
265,000
(1,139,552)
1,044,278
689,086
25,613,304
118,490
132,000
265,000
(1,139,552)
1,044,278
693,216
26,401,793
2.4%
3.9%
3.2%
3.1%
23,898,150
Percent Change
All Services and Supplies
Base
Increase - Inflation
Special Trustee, Recovery, Negotiations
Subtotal All Services and Supplies
Total Expenditures
-4.6%
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
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
2/22/2013 1:47 PM
4,382,892
87,658
4,470,550
89,411
4,470,550
29,299,494
4,559,961
30,173,265
4,559,961
91,199
(100,000)
4,551,160
30,952,954
-2.5%
2.7%
4.3%
3.0%
2.6%
(443,507)
306,959
(624,000)
(103,024)
(546,531)
(20,000)
156,959
(624,000)
(25,000)
(20,000)
(512,041)
156,959
(624,000)
(25,000)
(20,000)
(512,041)
6,959
(624,000)
(50,000)
(20,000)
(687,041)
6,959
(624,000)
(75,000)
(20,000)
(712,041)
29,367,809
29,811,535
30,860,306
31,664,995
29,359,376
(337,041)
(914,053)
27,520,052
Percent Change
Net Revenue(Loss)
4,198,914
83,978
100,000
4,382,892
28,855,768
(892,371)
-6.3%
6.7%
8.3%
3.5%
2.6%
(493,087)
(2,124,591)
(1,716,885)
(2,189,309)
(2,402,311)
2
2013-14 CR Bgt Forecast2 @ P-1.xlsx Budget Summary
BALANCED TO CHANC OFC P-1 REPORT
PRELIMINARY DRAFT
FOR DISCUSSION ONLY
Redwoods Community College District
The 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
Estimates
2012-13
Budget
2013-14
Low Est
2013-14
High Est
2014-15
Estimate
2015-16
Estimate
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
(493,087)
869,810
3.13%
869,810
(2,124,591)
(1,254,781)
-4.25%
869,810
(1,716,885)
(847,075)
-2.83%
869,810
(2,189,309)
(1,319,499)
-4.27%
869,810
(2,402,311)
(1,532,501)
-4.84%
28,879
(506,193)
(2,723,171)
(2,337,652)
(2,862,514)
(3,115,751)
Fund Balance Shortfall to 5.0%
2/22/2013 1:47 PM
3
2013-14 CR Bgt Forecast2 @ P-1.xlsx Budget Summary