Opening Day 2012
2012-13 Budget Presentation
Letha Jeanpierre, Vice President
Finance & Educational Resources
Adopted FHDA Budget
2012-13
Best Case Scenario –
Prop. 30 Passes
Revenue
Expenses
Deficit
Worst Case Scenario –
Prop. 30 Fails
$171,420,096
$161,426,254
(-$177,168,740)
(-$173,356,853)
(-$5,748,645)
(-$11,930,599)
What Happened To Our Funding
Over The Last 3 Fiscal Years?
Lost Apportionment
Reduction to Categorical Funds
Shortfall in Property Tax Collections
Lost Revenues
(-$16.8M)
(-$7.6M)
(-$4M)
(-$28.4M)
Reduction Breakdown By Campus
2012-13
2012-13 Reduction Goal
June 30, 2012
Reductions
Revised Target
July 1, 2012
De Anza
$6,425,434
$1,031,467
$5,393,967
Foothill
$4,436,918
$1,934,081
$2,502,837
Central
Services
$4,491,829
$635,608
$3,856,221
District-Wide
$0
$0
$0
Total
Projections
$15,354,181
$3,601,156
$11,753,025
Reduction Breakdown By VP Area
2012-13
Fund 14
Wages &
Benefits
B Budget
Total
Funding
Other
PT Faculty
Target
Categorical
& Sub Pay
Finance
$4,614,017
$434,127
$0
$0
$5,048,144
$377,578
Student
Services
$8,774,310
$190,675
$269,342
$5,860,598
$15,094,925
$2,427,285
$37,301,516
$966,302
$19,501,088
$92,227
$57,861,133
$2,535,164
$822,175
$264,335
$0
$0
$1,086,510
$53,940
$51,512,018
$1,855,439
$19,770,430
$5,952,825
$79,090,712
$5,393,967
Instruction
Pres/Mkt
Next Steps
Planning & Budget Team Meetings:
Instructional PBT:
Student Services PBT:
Finance & Ed Resources:
Tuesday Sept 25, October 2, 9 & 16
Wednesday October 3 & 17
Friday, October 12
College Council Reductions
Presentations & Approval
Thursday, October 25
Approved Plans to Chancellor
Friday, October 26
Elections
November 6