SUMMER STUDY GROUPS – AUGUST 8, 2011 SETTING TARGETS FOR BUDGET ACTION PLANS For 8-19-11 Board Meeting Updated Projected Budget Deficits FY 2012/13 $ -- FY 2013/14 $2,331,790 FY 2014/15 $1,818,462 FY 2015/16 $ 800,000 Distribution of Target by Expenditure Objects Salaries 68% $1,632,000 Benefits 18% $ 432,000 Non-Compensation Costs 14% $ 336,000 TOTAL 100% $2,400,000 Distribution of Target by Expenditure Functions Instruction 53% $1,272,000 Instructional Admin. 8% $ 192,000 Instructional Support 6% $ 144,000 Counseling 1% $ 24,000 Other Student Support 7% $ 168,000 Facilities 9% $ 216,000 Business Affairs & Institutional Support 16% $ 384,000 TOTAL 100% $2,400,000 Institutional Targets for Budget Action Plans $2,400,000 Per Year