BGT WILL BE ADJUSTED
WHEN P-1 RELEASED BY CHANC OFC
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
Student FTES
Resident (funded)
Forecast
BOT 6-2012
4,535
4,364
Percent Change
-3.8%
2013-14
Low Est
4,364
0.0%
2013-14
High Est
4,509
1.0%
2014-15
Estimate
4,554
1.0%
2015-16
Estimate
4,599
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
4,726
30
4,756
220
4,774
33
4,807
222
4,821
36
4,858
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
158,705
4,705,522
11,508,159
4,705,522
9,016,148
4,780,810
9,752,491
4,780,810
10,307,876
4,780,810
10,878,407
16,213,681
587,089
449,357
17,250,127
4,705,522
9,137,130
(200,000)
(456,483)
13,186,169
577,304
137,348
13,900,821
13,721,670
577,304
137,348
14,436,322
14,533,302
577,304
137,348
15,247,954
15,088,686
583,077
138,721
15,810,485
15,659,218
588,908
140,109
16,388,234
1,191,818
8,629,234
793,206
443,915
11,058,173
28,467,005
1,243,765
9,997,884
798,707
475,000
12,515,356
26,574,882
1,243,765
9,997,884
798,707
475,000
12,515,356
27,110,383
1,243,765
9,997,884
878,578
475,000
12,595,227
28,001,885
1,243,765
9,997,884
887,363
479,750
12,608,762
28,577,952
1,243,765
9,997,884
896,237
484,548
12,622,434
29,169,373
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
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)
2/19/2013 3:27 PM
26,034,733
-6.6%
24,427,818
1
2.0%
24,963,319
5.4%
25,774,951
2.1%
26,330,335
2.1%
26,900,867
2013-14 CR Bgt Forecast3.xlsx Budget Summary
BGT WILL BE ADJUSTED
WHEN P-1 RELEASED BY CHANC OFC
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
12,351,335
5,954,821
6,632,882
24,939,038
12,738,940
6,086,821
6,897,882
25,723,643
273,000
273,000
273,000
273,000
132,000
265,000
(1,139,552)
1,044,278
574,726
24,472,876
370,888
132,000
265,000
(1,139,552)
1,044,278
945,614
24,843,764
114,605
132,000
265,000
(1,139,552)
1,044,278
689,331
25,628,369
118,693
132,000
265,000
(1,139,552)
1,044,278
693,419
26,417,062
2.4%
4.0%
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
2/19/2013 3:27 PM
4,198,914
83,978
100,000
4,382,892
29,226,656
4,282,892
64,243
100,000
4,447,136
30,075,504
4,347,136
65,207
(300,000)
4,112,343
30,529,404
-2.5%
2.7%
4.0%
2.9%
1.5%
(443,507)
306,959
(356,431)
(103,024)
(546,531)
(20,000)
156,959
(356,431)
(25,000)
(20,000)
(244,472)
156,959
(356,431)
(25,000)
(20,000)
(244,472)
6,959
(356,431)
(50,000)
(20,000)
(419,472)
6,959
(356,431)
(75,000)
(20,000)
(444,472)
29,100,240
29,471,128
30,494,976
30,973,876
29,359,376
(69,472)
(914,053)
27,252,483
Percent Change
Net Revenue(Loss)
4,198,914
83,978
100,000
4,382,892
28,855,768
(892,371)
-7.2%
6.8%
8.1%
3.5%
1.6%
(677,601)
(1,989,858)
(1,469,243)
(1,917,024)
(1,804,504)
2
2013-14 CR Bgt Forecast3.xlsx Budget Summary
BGT WILL BE ADJUSTED
WHEN P-1 RELEASED BY CHANC OFC
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
(677,601)
685,296
2.51%
685,296
(1,989,858)
(1,304,562)
-4.48%
685,296
(1,469,243)
(783,947)
-2.66%
685,296
(1,917,024)
(1,231,728)
-4.04%
685,296
(1,804,504)
(1,119,208)
-3.61%
28,879
(677,328)
(2,759,574)
(2,257,504)
(2,756,477)
(2,667,901)
Fund Balance Shortfall to 5.0%
2/19/2013 3:27 PM
3
2013-14 CR Bgt Forecast3.xlsx Budget Summary