



12/31 YTD Year over Year
◦ Financial Highlights
◦ Cash Position
◦ Cash Flow
Revenues:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 Revenue Comparison
◦ 12/31 YTD Year over Year Revenue Breakdown Comparison
Expenditures:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 YTD Expenditure Comparison
◦ 12/31 YTD Year over Year Expenditure Breakdown
Comparisons
Supplemental Information
10/15/13
2
12/31/12
12/31/13

Revenues
$ 25.4M
$26.5M

Expenses
$ 23.1M
$22.2M

Net
$ 2.3M
$ 4.3M
Primary source of revenue is property tax
which is received in December and April.
1/21/14
3





Cash Balance
Borrowing
12/31/12
12/31/13
$ 11.9M
n/a
$13.1M
n/a
Cash inflow is revenues - our major source, property
taxes, received primarily in December and April.
Cash outflow is expenses – about $4.0M per month
Borrowing provides operating cash until mid-December
when property taxes are received. Borrowing from
county on an as-needed basis.
1/21/14
4
$20,000,000
$15,000,000
$10,000,000
2012/13
$5,000,000
2013/14
$-
June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
$(5,000,000)
$(10,000,000)
1/21/14
5




12/31 YTD Year over Year
◦ Financial Highlights
◦ Cash Position
◦ Cash Flow
Revenues:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 Revenue Comparison
◦ 12/31 YTD Year over Year Revenue Breakdown Comparison
Expenditures:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 YTD Expenditure Comparison
◦ 12/31 YTD Year over Year Expenditure Breakdown
Comparisons
Supplemental Information
10/15/13
6
$45,000,000

$40,000,000
$35,000,000
$30,000,000

$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$-
Budget
Received 55% of secured
property taxes projected
by county
May not meet budget for
enrollment fee revenue
for 2013/14
Actual YTD

84% of local revenue
compared to budget;
primarily non-resident
tuition and one-time
items
1/21/14
7
$50,000,000

◦ $44.8M budgeted
◦ $25.4M actual YTD
◦ 56.7% of budget
$45,000,000
$40,000,000
$35,000,000
$30,000,000

$25,000,000
$20,000,000
Budget
$15,000,000
Actual YTD
$-
2013/14
◦ $46.8M budgeted
◦ $26.5M actual YTD
◦ 56.6% of budget
$10,000,000
$5,000,000
2012/13

YTD revenue
primarily from
property taxes and
enrollment fees
1/21/14
8
$25,000,000

$20,000,000
$15,000,000
$10,000,000

2012/13
55% of secured property
taxes projected by county
received in December
Decline in enrollment fee
revenue consistent with
decline in FTES
2013/14
$5,000,000

$-

Increase in State revenue
due to Prop 30
Increase in local revenue
due to one-time items
1/21/14
9




12/31 YTD Year over Year
◦ Financial Highlights
◦ Cash Position
◦ Cash Flow
Revenues:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 Revenue Comparison
◦ 12/31 YTD Year over Year Revenue Breakdown Comparison
Expenditures:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 YTD Expenditure Comparison
◦ 12/31 YTD Year over Year Expenditure Breakdown
Comparisons
Supplemental Information
10/15/13
10
18,000,000

16,000,000
14,000,000
12,000,000

10,000,000
8,000,000
6,000,000
Budget
4,000,000
Actual YTD
2,000,000

-

Salaries at 47.3% of
budget compared to
50.8% last year
Benefit increase higher
than planned for Kaiser
– 15% vs. 12%
Delay in filling vacant
positions helps reduce
salary and benefit costs
Other expenditures on
track
1/21/14
11
$60,000,000

2012/13
◦ $46.9M budgeted
◦ $23.1M actual YTD
◦ 49.3% of budget
$50,000,000
$40,000,000

◦ $47.6M budgeted
◦ $22.2M actual YTD
◦ 46.6% of budget
Budget
$30,000,000
Actual YTD
$20,000,000

$10,000,000
$-
2012/13 2013/14
2013/14
Expenditures are
incurred relatively
evenly throughout
the year
1/21/14
12
9,000,000

8,000,000
7,000,000
◦ 59% salaries
◦ 27% benefits
◦ 6% utilities,
insurance, audit,
legal, election
6,000,000
5,000,000
4,000,000
3,000,000
2012/13
2,000,000
2013/14
1,000,000
-
92% of expenses
are fixed:

8% of expenses
are discretionary
1/21/14
13




12/31 YTD Year over Year
◦ Financial Highlights
◦ Cash Position
◦ Cash Flow
Revenues:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 Revenue Comparison
◦ 12/31 YTD Year over Year Revenue Breakdown Comparison
Expenditures:
◦ Budget vs. 12/31/13 YTD Actual Comparison
◦ 12/31 YTD Expenditure Comparison
◦ 12/31 YTD Year over Year Expenditure Breakdown
Comparisons
Supplemental Information
10/15/13
14
SUPPLEMENTAL INFORMATION
1/21/14
15
ADOPTION
BUDGET
2012-13
SOURCES OF FUNDS
BEGINNING FUND BALANCE
REVENUES
PROGRAM-BASED FUNDING
FEDERAL
OTHER STATE
OTHER LOCAL
TOTAL REVENUES
$
12/31/12 YTD
ACTUAL
2012-13
5,141,778 $
5,141,778
42,659,428
250
868,731
1,230,000
44,758,409
24,351,122
161
226,719
820,464
25,398,466
TOTAL SOURCES
49,900,187
30,540,244
USE OF FUNDS
SALARIES
BENEFITS
TOTAL SALARIES & BENEFITS
28,294,473
12,349,656
40,644,129
14,380,862
5,722,022
20,102,884
2,342,000
3,153,979
226,287
549,875
6,272,141
46,916,270
FIXED EXPENSES
OTHER OPERATING
CAPITAL OUTLAY
OTHER OUTGO
TOTAL OTHER EXPENSES
TOTAL USES
ENDING FUND BALANCE
$
2,983,917 $
12/31/12 %
BUDGET
2012-13
ADOPTION
BUDGET
2013-14
$ 3,959,503
$
12/31/13 %
BUDGET
2013-14
3,959,503
44,307,028
1,000
1,392,760
1,102,972
46,803,760
25,136,108
414,760
929,392
26,480,260
50,763,263
30,439,763
50.8%
46.3%
49.5%
27,993,676
12,632,638
40,626,314
13,240,790
5,771,346
19,012,136
47.3%
45.7%
46.8%
1,094,898
1,412,438
146,252
356,540
3,010,128
46.8%
44.8%
64.6%
64.8%
48.0%
2,439,230
3,510,873
358,181
711,130
7,019,414
934,803
1,834,703
83,869
333,444
3,186,819
38.3%
52.3%
23.4%
46.9%
45.4%
23,113,012
49.3%
47,645,728
22,198,955
46.6%
7,427,232
57.1%
64.4%
26.1%
66.7%
56.7%
12/31/13 YTD
ACTUAL
2013-14
$ 3,117,535
$
56.7%
0.0%
29.8%
84.3%
56.6%
8,240,808
1/21/14
16
ADOPTION
BUDGET
2012-13
PROGRAM-BASED FUNDING
STATE SUBVENTIONS
TOTAL
PROPERTY TAXES
SECURED
SUPPLEMENTAL
UNSECURED
PRIOR-YEAR
TOTAL TAXES
ENROLLMENT FEES
TOTAL PROGRAM-BASED
FEDERAL REVENUE
STATE REVENUE
PARTNERSHIP FOR EXCELL
OTHER STATE
TOTAL STATE
LOCAL REVENUE
INTEREST
NON-RESIDENCE FEES
OTHER STUDENT CHARGES
NON-RESIDENCE INSURANCE
MISCELLANEOUS
TOTAL REVENUE
$
12/31/12 YTD
ACTUAL
2012-13
268,463 $
268,463
12/31/12 %
BUDGET
2012-13
42,714
42,714
15.9%
15.9%
38,771,425
415,000
904,540
40,000
40,130,965
2,260,000
42,659,428
250
21,207,907
88,918
795,414
46,489
22,138,728
2,169,680
24,351,122
161
54.7%
21.4%
87.9%
116.2%
55.2%
96.0%
57.1%
64.4%
868,731
868,731
226,719
226,719
10,000
850,000
75,000
55,000
240,000
1,230,000
$ 44,758,409
2,012
637,015
28,060
39,008
114,369
820,464
$ 25,398,466
ADOPTION
BUDGET
2013-14
$
265,241
265,241
12/31/13 YTD
ACTUAL
2013-14
$
12/31/13 %
BUDGET
2013-14
42,941
42,941
16.2%
16.2%
39,960,865
623,491
911,147
71,284
41,566,787
2,475,000
44,307,028
1,000
22,052,223
211,751
813,775
39,630
23,117,379
1,975,788
25,136,108
-
55.2%
34.0%
89.3%
55.6%
55.6%
79.8%
56.7%
0.0%
n/a
26.1%
26.1%
1,392,760
1,392,760
414,760
414,760
n/a
29.8%
29.8%
20.1%
74.9%
37.4%
70.9%
47.7%
66.7%
56.7%
3,000
777,656
72,716
57,600
192,000
1,102,972
$ 46,803,760
943
688,449
34,172
39,362
166,466
929,392
$26,480,260
31.4%
88.5%
47.0%
68.3%
86.7%
84.3%
56.6%
1/21/14
17
ADOPTION
BUDGET
2012-13
USE OF FUNDS
SALARIES
BENEFITS
TOTAL SALARIES & BENEFITS
FIXED EXPENSES
OTHER OPERATING
CAPITAL OUTLAY
OTHER OUTGO
TOTAL OTHER EXPENSES
TOTAL USES
12/31/12 YTD 12/31/12 % ADOPTION 12/31/13 YTD 12/31/13 %
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
2012-13
2012-13
2013-14
2013-14
2013-14
$ 28,294,473 $ 14,380,862
12,349,656
5,722,022
40,644,129
20,102,884
2,342,000 $ 1,094,898
3,153,979
1,412,438
226,287
146,252
549,875
356,540
6,272,141
3,010,128
$ 46,916,270
$ 23,113,012
50.8% $ 27,993,676
46.3% 12,632,638
49.5% 40,626,314
46.8%
44.8%
64.6%
64.8%
48.0%
$13,240,790
5,771,346
19,012,136
47.3%
45.7%
46.8%
2,439,230 $
934,803
3,510,873
1,834,703
358,181
83,869
711,130
333,444
7,019,414
3,186,819
38.3%
52.3%
23.4%
46.9%
45.4%
49.3% $ 47,645,728
$22,198,955
1/21/14
46.6%
18
ADOPTION
BUDGET
2012-13
12/31/12 YTD 12/31/12 %
ACTUAL
BUDGET
2012-13
2012-13
ADOPTION
BUDGET
2013-14
12/31/13 YTD 12/31/13 %
ACTUAL
BUDGET
2013-14
2013-14
SALARIES
FACULTY
INSTRUCTORS-REGULAR
INSTRUCTORS-HOURLY
NON-INSTRUCTORS-REGULAR
NON-INSTRUCTORS-HOURLY
FACULTY
$ 9,141,654
5,076,713
1,294,731
412,594
15,925,692
$ 4,121,034
3,424,371
553,804
392,836
8,492,045
45.1%
67.5%
42.8%
95.2%
53.3%
$ 8,671,401
5,330,614
1,207,968
371,582
15,581,565
CLASSIFIED
STAFF - REGULAR
INSTRUCTIONAL - REGULAR
HOURLY INST./NON INST.
OVERTIME
CLASSIFIED
8,236,620
1,056,162
496,900
113,460
9,903,142
3,798,159
489,940
325,026
56,300
4,669,425
46.1%
46.4%
65.4%
49.6%
47.2%
ADMINISTRATORS
ACADEMIC
CLASSIFIED
ADMINISTRATORS
1,931,966
533,673
2,465,639
911,045
308,347
1,219,392
$28,294,473
$14,380,862
TOTAL SALARIES
$
3,367,056
3,493,623
498,461
321,996
7,681,136
38.8%
65.5%
41.3%
86.7%
49.3%
8,015,554
988,556
834,831
145,485
9,984,426
3,647,046
463,232
336,482
60,953
4,507,713
45.5%
46.9%
40.3%
41.9%
45.1%
47.2%
57.8%
49.5%
1,595,142
832,543
2,427,685
704,879
347,062
1,051,941
44.2%
41.7%
43.3%
50.8%
$27,993,676
$ 13,240,790
47.3%
1/21/14
19
ADOPTION
BUDGET
2012-13
PUBLIC RETIREMENT
STRS
PERS
FICA
MEDICARE
UNEMPLOYMENT
WORKERS COMP. INS.
OTHER - SERP
TOTAL
HEALTH PROTECTION
MEDICAL
TOTAL
TOTAL BENEFITS
12/31/12 YTD 12/31/12 %
ACTUAL
BUDGET
2012-13
2012-13
$ 1,317,706 $
700,729
1,922,148
900,792
736,515
332,966
379,146
193,991
452,324
170,898
350,851
179,692
5,158,690
2,479,068
7,190,966
7,190,966
3,242,954
3,242,954
$ 12,349,656 $ 5,722,022
ADOPTION
BUDGET
2013-14
12/31/13 YTD 12/31/13 %
ACTUAL
BUDGET
2013-14
2013-14
53.2% $ 1,334,400 $
618,715
46.9%
1,913,780
883,504
45.2%
732,786
336,991
51.2%
405,910
186,847
37.8%
73,997
24,824
51.2%
416,406
164,606
414,119
374,409
48.1%
5,291,398
2,589,896
46.4%
46.2%
46.0%
46.0%
33.5%
39.5%
90.4%
48.9%
45.1%
45.1%
7,341,240
7,341,240
3,181,450
3,181,450
43.3%
43.3%
46.3% $ 12,632,638
$ 5,771,346
45.7%
1/21/14
20
ADOPTION 12/31/12 YTD
BUDGET
ACTUAL
2012-13
2012-13
12/31/12 %
BUDGET
2012-13
ADOPTION
BUDGET
2013-14
12/31/13 YTD
ACTUAL
2013-14
12/31/13 %
BUDGET
2013-14
FIXED EXPENSES
UTILITIES
SEWER SERVICE
TELEPHONE
WATER
GAS & ELECTRICITY
PEST CONTROL
INSURANCE
TOTAL
$
80,000
120,000
126,000
1,516,000
80,000
1,922,000
$
420,000
$2,342,000
$
70,921
47,207
77,133
475,519
27,258
698,038
88.7%
39.3%
61.2%
31.4%
34.1%
36.3%
$
98,230 $
108,000
170,000
1,516,000
74,000
1,966,230
396,860
94.5%
473,000
1,094,898
46.8%
$ 2,439,230
$
64,629
47,059
84,251
525,053
36,867
757,859
65.8%
43.6%
49.6%
34.6%
49.8%
38.5%
176,944
37.4%
934,803
38.3%
1/21/14
21
ADOPTION 12/31/12 YTD 12/31/12 % ADOPTION 12/31/13 YTD 12/31/13 %
BUDGET
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
2012-13
2012-13
2012-13
2013-14
2013-14
2013-14
OTHER OPERATING EXPENSES
SUPPLIES & MATERIALS
PERSONAL SVCE, LECTURE
TRAVEL & CONFERENCE
DUES & MEMBERSHIP
LEGAL
AUDITS & ELECTION
CONTRACTED SERVICES
POSTAGE
PRINTING & PUBLICATION
RENTAL & LEASES
RECRUITMENT
OTHER DISTRICT-WIDE EXP.
MISCELLANEOUS
TOTAL
$
579,318 $
84,166
125,475
104,525
150,000
92,500
1,504,860
75,413
95,055
41,378
154,110
142,666
251,358
31,605
69,483
59,655
120,828
75,500
492,603
22,670
39,370
10,295
76,344
160,539
43.4% $
600,900 $
37.6%
100,000
55.4%
144,162
57.1%
100,000
80.6%
150,000
81.6%
301,750
32.7%
1,302,977
30.1%
90,000
41.4%
85,000
24.9%
50,000
49.5%
190,000
112.5%
388,334
260,449
34,046
46,559
80,912
402,543
78,750
730,564
38,011
41,964
8,450
75,961
34,278
43.3%
34.0%
32.3%
80.9%
268.4%
26.1%
56.1%
42.2%
49.4%
16.9%
40.0%
8.8%
4,513
$3,153,979 $
2,188
1,412,438
48.5%
7,750
44.8% $ 3,510,873 $
2,216
1,834,703
28.6%
52.3%
1/21/14
22
ADOPTION 12/31/12 YTD 12/31/12 %
BUDGET
ACTUAL
BUDGET
2012-13
2012-13
2012-13
CAPITAL OUTLAY
LIBRARY BOOKS/PERIODICALS
EQUIPMENT NEW & LEASED
TOTAL
$
51,712
174,575
$ 226,287
OTHER OUTGO
INTERFUND / INTRAFUND TRANSFERS:
INSTRUCT. SUPPORT-LAB SCHOOL $
CHILD CARE FUND
DSPS
PUENTE
BFAP/FA
STUDENT SUCCESS-CREDIT
STUDENT SUCCESS-NONCREDIT
SINGLE STOP
MISCELLANEOUS
TOTAL
$
190,202
29,685
102,265
110,408
45,658
61,804
9,037
816
549,875
$
$
$
$
ADOPTION
BUDGET
2013-14
12/31/13 YTD 12/31/13 %
ACTUAL
BUDGET
2013-14
2013-14
38,028
108,224
146,252
73.5% $
62.0%
64.6% $
75,000
283,181
358,181
$
98,153
15,319
78,500
51,133
55,204
22,829
30,902
4,500
356,540
51.6% $
51.6%
n/a
54.0%
20.7%
67.7%
50.0%
n/a
551.5%
64.8% $
173,000
62,908
171,928
91,000
110,408
45,658
27,834
27,347
1,047
711,130
$
$
$
1/21/14
30,291
53,578
83,869
40.4%
18.9%
23.4%
80,626
29,318
80,000
45,000
52,000
20,000
13,000
13,000
500
333,444
46.6%
46.6%
46.5%
49.5%
47.1%
43.8%
46.7%
47.5%
47.8%
46.9%
23