2015-16
FINAL BUDGET FOR ADOPTION
CONSIDERATION
Presented September 1, 2015
Presented by Marty Parsons
Vice President of Administrative Services
Tracey Richardson
Controller
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
PROPOSED FINAL BUDGET 2015-16
Revenue Impact
COLA (1.02%)


$
1,296,706
Hartnell has been fully restored from 2011-12 FTES reduction
Additional funding for 274 FTES
Funded Base 7,082 + 274 = 7,356
Projected Actual FTES = 7,450
Basic Allocation(4.65%)


375,118
Increases Basic Allocation to $3,723,497
Increases Revenue per Credit FTES to $4724
Growth (3.95%)



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$
$
1,550,958
Applied to workload and basic allocation rates
Increases Revenue Per Credit FTES to $4943
Apportionment Increase
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
$
3,222,782
PROPOSED FINAL BUDGET 2015-16
Revenue Impact Summary
COLA
Growth
Basic Allocation
Apportionment Increase
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
2015-16
1.02%
$375,000
3.95%
1,296,706
4.65%
1,550,958
$3,222,782
2014-15
0.85%
$295,715
Restoration
1,690,582
0.00%
$-0$1,986,297
PROPOSED FINAL BUDGET 2015-16
RESOURCES:
Federal
Forest Reserve
Veterans Admin
Pell Grant Admin
Subtotal
2015-16
$3,900
3,100
16,500
23,500
Projected
Increase
2014-2015
(Decrease)
$3,809 $
91
1,778
1,322
16,275
225
21,862
1,638
State
Apportionment $ 10,006,722 $ 8,844,373
EPA Prop. 30
6,301,074
6,743,380
Lottery
1,029,972
883,399
State Mandate
4,160,820
491,360
Other
449,135
383,777
Subtotal
$ 21,947,723 $17,346,289
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
$1,162,349
(442,306)
146,573
3,669,460
65,358
$4,601,434
PROPOSED FINAL BUDGET 2015-16
Local
2015-16
Property Taxes
21,226,426
Student Enrollment
1,651,326
Non-Resident Students
280,000
Ovrhd From Rstrctd Fund 400,000
Other
1,051,000
Subtotal
$ 24,608,752
Projected
2014-15
$ 20,178,442
1,825,241
278,915
398,126
476,699
$ 23,157,423
Increase
(Decrease)
$ 1,047,984
(173,915)
1,085
1,874
574,301
$ 1,451,329
Total Resources
$ 40,525,574
$ 6,054,401
$ 46,579,975
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
PROPOSED FINAL BUDGET 2015-16
REQUIREMENTS:
2015-16
Academic Salaries $ 17,082,376
Classified Salaries
9,368,154
Payroll Costs/Benefits 9,172,493
Supplies/Materials
575,000
Operating Expense
6,064,619
Capital Outlay
-0Transfer-Out
3,962,518
Total
$ 46,225,160
Projected
2014-15
$ 16,182,369
8,379,336
8,394,856
411,014
5,358,152
91,194
1,681,089
$ 40,498,010
Increase
(Decrease)
$
900,007
988,818
777,637
163,986
706,467
(91,194)
2,281,429
$ 5,727,150
Surplus/(Deficit)
$
$
$
354,815
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
27,564
327,251
PROPOSED FINAL BUDGET 2015-16
Resources
Federal
State
Local
Transfer-In
Total Resources
Tentative Budget
Final Budget
$
$
23,000
18,915,955
22,658,407
425,000
$ 42,022,362
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
Diff
23,500
21,947,723
24,208,752
400,000
$
- 0 3,031,768
1,550,345
(25,000)
$ 46,579,975
$ 4,557,113
PROPOSED FINAL BUDGET 2015-16
Tentative Budget
Final Budget
Diff
Requirements:
Academic Salaries
$
Classified Salaries
Payroll Cost/Benefits
Supplies/Materials
Other Operating Expenses
Transfer-Out
Total Expenditures
$
Surplus/(Deficit)
$
16,505,822
9,117,343
8,753,952
550,000
6,064,619
400,000
41,391,736
630,626
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
$ 17,082,376 $576,554
9,368,154
250,811
9,172,493
418,541
575,000
25,000
6,064,619
-03,962,518 3,562,518
$ 46,225,160 $4,833,424
$
354,815
$ (275,811)
PROPOSED FINAL BUDGET 2015-16
Transfer Out
• $1,000,000 for CalSTRS increases, CalPERS
increases, and uncertainty about Prop 30
funding
• $1,962,518 to Fund 41 (Capital Outlay)
• $1,000,000 to Fund 44 (Property Acquisition)
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
PROPOSED FINAL BUDGET 2015-16
CAPITAL OUTLAY
Instructional Equipment: $427,896
Facilities: $860,000
Information Technology: $1,168,671
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
CalSTRS and CalPERS Impacts to Budget
CalPERS Proposed Employer Rates
Rate Increase
Projected Increase
Projected Total Expense
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
11.85%
13.05%
16.60%
18.20%
19.90%
20.40%
$97,809
$113,823
$340,936
$155,582
$170,652
$51,836
1,313,416
1,427,239
1,768,175
1,923,757
2,094,409
2,146,245
CalSTRS Proposed Rates
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
Rate Increase
10.73%
12.58%
14.43%
16.28%
18.13%
19.10%
Projected Increase
$119,582
$224,727
$235,859
$247,540
$259,801
$272,895
Projected Total Expense*
1,363,488
1,588,215
1,839,699
2,178,356
2,546,046
2,817,452
*Projections assume new positions are added each year
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
TENTATIVE BUDGET 2015-16
$1.1M
• New full-time faculty positions
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
Computer Science and Information Systems
History
Mathematics
Agriculture
English
Physical Education
Psychology
Communications
2 additional positions TBD – mid year hires
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
PROPOSED FINAL BUDGET 2015-16
$400,000
• New Classified Positions
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




Programmer Analyst
Admin Asst for Office of Institutional Plng & Effctvness
Curriculum & Scheduling Specialist
Program Assistant ACE (increase to full-time)
Maintenance Worker
Admin Asst for Business Office (increase to full-time)
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
PROPOSED FINAL BUDGET 2015-16
$260,000
• New Management Positions
 Director of Institutional Research (funded 25% each
through SSSP, SEP, Title V, and District GF)
 Director of Disabled Student Programs & Services
(jointly funded through DSPS categorical funds and
District GF)
 Director of Student Affairs - leadership for Academy for
College Excellence (ACE), Women’s Education and
Leadership Institute (WELI), Programs for Men of Color,
California Dreamer students)
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu
PROPOSED FINAL BUDGET 2015-16
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Restricted Fund – Grants, Parking, Restricted Lottery and Categorical Funds
Bookstore Fund – Commission received on sales from bookstore
Child Development Fund – State grant received for child care services
Capital Outlay Fund – Facilities, grounds, equipment, IT, educational equipment
Property Acquisition Fund – Rental Income
Bond Fund – Facilities
Cafeteria Fund – Food services for students and staff
Other Enterprise Fund – Services provided to employers
Self Insured Fund – Former workers compensation JPA assets
Retiree Health Benefits Fund – Unfunded liability
Associated Students Trust Fund – Associated Students of Hartnell College
Financial Aid Fund – Pell Grant; CalGrant
Scholarship, Loan Trust Fund – Restricted club/activity accounts
Intercollegiate Athletic Trust Fund – Support of Athletic activities
GROWING LEADERS Opportunity. Engagement. Achievement. www.hartnell.edu