2012 Budget Forum
Presented by:
Rachel Solemsaas
Craig Scott
Agenda
• Overview of TMCC’s financial
activities
• Focus on Operating Funds
– State appropriation
– Student fees
– Types of Expenditures
• The new normal: future of funding
• Budget Planning, recap and next
steps
Financial Activities
Capital
$943,000 1%
Grants & Contracts
$17,712,000 23%
Self Support
$10,588,444 14%
Operating
$48,064,801 62%
How much funds(revenues) did we generate in FY2010?
$77.3 million
Operating Activities
Sources of Funds
• State Allocation
• Student Fees
• Others, e.g.
investments
Uses of Funds
• Admin support
• State FTEF direct
costs, faculty
• Special funding
e.g. deferred
maintenance**
Structure of Operating
Budget
• Use or lose it
• Funding depends on enrollment (FTEs)
• Subject to NSHE & legislative approval
Sources of Operating Funds
State Appropriation
• How are we funded?
– Formula established in 2001
– Based on student enrollments,
– salaries for new faculty positions,
plus fringe benefit rates,
– student faculty ratios,
– Library volumes per degree program,
– the number of classified employees
per faculty member,
– square feet per custodial employee.
– Differentiation of program costs &
mix
16-cell matrix
Student Fees
REGISTRATION FEE TRENDS
Fees per credit hour:
Fund
General Fund
7104
$
FY04
FY05
FY06
FY07
FY08
FY09
38.50 $
39.25 $
39.50 $
39.75 $
41.46 $
43.36 $
2%
1%
1%
4%
5%
FY10
FY11
FY12
47.73 $
53.98 $
5%
5%
13%
45.45
$
FY13
56.95
6%
Student Access
7278
0.50
1.00
1.75
2.50
2.75
3.00
3.10
3.25
3.25
4.19
General Improvement
7272
3.75
4.25
5.00
5.75
6.04
6.39
6.69
6.99
6.99
9.33
Capital Improvement
7882
4.00
4.00
4.00
4.00
4.00
4.00
4.26
4.53
4.53
4.53
ASTM
7276
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
47.25
49.02
50.76
52.51
54.79
57.30
60.05
63.05
69.38
75.56
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
1.50
1.50
1.50
1.50
3.00 *
6.25
9.00
9.00
Subtotal - Base Fee
Tech Fee
7273
Tech Fee / iNtegrate
7273
Surcharge
TOTAL
2.75
$
51.25 $
53.02 $
54.76 $
56.51 $
58.79 $
64.05 $
3%
3%
3%
4%
9%
68.55
$
74.80 $
83.88 $
9%
12%
90.06
* FY10 Surcharge - Spring only
7%
7%
Uses of Funds
people-based
Uses of Funds
academic focus
Big “R”
Unemployment Rates goes up
Enrollments on CC campuses goes up
State Revenue Projections goes down
Budgets gets cut
Impacts of Budget Cuts
– Salary cuts and furloughs & paydates
change
– Benefit changes
– Attrition & vacancies
– Student surcharges & fee increases,
with FA set aside
– Freeze on current formula funding
What lies ahead!!! A new normal
MOVING FORWARD
NSHE Strategic Plan
• FOCUS ON STUDENT SUCCESS
– More Graduates – Complete College Nevada plan
– Accelerated degree programs
– Redesign remedial and gen ed courses
– Increase research and workforce grants
• Affordability
– Equitable funding distribution
– Increasing financial aid
– Enrollment management
• Partnership
– K-12
– State/NSHE partners
– Business community & non-profits
Future of Funding
– Recovery??
– Performance based, completion &
pathways (inputs to outputs)
–O&M
– Non-resident, international & summer
school
– Autonomy on self support
(entrepreneurial)
– North vs South
– Economies of scale – smaller colleges
TMCC Strategic Directions
Strategic Initiatives
•
•
•
•
Strategic Initiative 1: Achieving Student Success
– Goal: To foster a culture that ensures access to programs and services
essential to students' academic and personal achievement, and demands
and supports excellence in teaching and learning.
Strategic Initiative 2: Welcoming and Diverse Environment
– Goal: To enhance and ensure an environment that is mutually respectful,
socially supportive, accessible, safe, physically pleasing and provides
opportunities for personal growth.
Strategic Initiative 3: Stewardship of College Resources
– Goal: To achieve college goals through responsible human and resource
development and management.
Strategic Initiative 4: Partnerships and Service
– Goal: To expand and maintain partnerships and promote service to the
community.
TMCC Strategic Directions
Core Themes
•
Student Success
–
•
Academic Excellence
–
–
–
•
Provide services for students to achieve college readiness and increase
student retention, persistence, graduation and transfer rates.
Implement a comprehensive process to assess student learning outcomes
and use the results to consistently improve curricula and the delivery of
instructional programs and services.
Establish and implement college-wide processes that include regular
assessment of all college programs and services delivered in support of
academic programs.
Regularly assess the skills needed to meet workforce needs in the service
area.
Access to Lifelong Learning
–
–
Create, expand and/or strengthen partnerships with civic, community,
educational and business/industry organizations to provide lifelong learning
opportunities.
Serve as a resource for the community by providing a variety of
opportunities for cultural and educational enrichment.
NEW STANDARDS
Basically, the plan:
• Affirms our values, vision and
mission
• Creates work plans that achieve
goals and objectives strategically
now and in the future
• Allocates resources
• Provides measure of progress
and results
TMCC Strengths
• Comprehensive program offerings
• Student support services (DRC,
Child care, advising, counseling,
etc)
• Solid technology infrastructure
• Leverage of other resources
• Prudent financial approach
TMCC Budget Principles
• Remember who we are and who we serve
• Focus (& deliberate) on what is core in our
mission: Student success, Academic
Excellence, Access to lifelong learning
• Sustainable financial plan
• Ensure open communication and feedback
(transparency)
• Leverage partnerships & other funding
source
• Accountability – evidence based decision
making
Recap on Mid-Year Budget
Restores Funding to Support Student
Achievement and Job Readiness
Mid-year budget requests
20 projects approved
$822,679
11-12 Budget Process
• FY 2013 Self-supporting budgets
• FY 2013 State operating budget
• 2013-2015 Biennial budget
FY13 Fee Increase
8% increase = $1,114,817
$240,000
Education plan courses
$206,595
Workforce initiatives
$196,000
Retention services
$167,222
Financial Aid
FY13 Fee Increase
8% increase = $1,114,817
$125,000
Developmental Education
$100,000
Student Internships
$ 80,000
Student life coordinator
Questions?