Porterville College Budget Committee Meeting Financial Overview Porterville College Budget Committee Meeting September 4, 2015 L-405

FINANCIAL OVERVIEW Budget Allocation Model Review Adopted Budget Enrollment Management

FY14-15 Review CLC Budget Committee Year End Report Community-wide Approach Participatory Governance Process Engagement of Community & Education Partners Data Driven: Focus on FACTS not MYTHS/Gossip Use available tools to understand the data ODS & Budget Reports Weekly Enrollment Update (IR) Examine enrollment profiles Student Success & Equity Initiatives

FY15-16 Adopted Budget PC Budget Update 50% Law Compliance – Target 56% and Actual 57% Additional Funding Basic Skills Evidence Based Program Basic Skills CSU/High School Partnership Pilot Adult Education Instructional Equipment Funds Scheduled Maintenance Cautions & Concerns – PERS/STRS Obligation FY15-16 Adopted Budget Q1: How does PC operate in order to maintain a Reserve? Q2: What does PC plan to do with their Reserves?

Budget Allocation The State General Apportionment amount will be the amount necessary so that total district revenue sources equal the district’s Total Computational Revenue (TCR). State Apportionment = $4600 per FTES (15 lecture units = 1 FTES) What is FTES? Full Time Equivalent Students Students are counted on the basis of enrollment at the Census Date, not on actual attendance. Census Date -The count is taken on the Monday that is closest to 20% of the way through the semester.

KCCD Workload Targets & Base Funding FY15-16 Bakersfield College Cerro Coso Community College Porterville College Base Allocation Per FTES Credit Rate $63,265,383.60 $14,769,225.16 $15,419,571.17 Non- Credit Rate 93,631.34 12,681.00 10,319.13 63,359,015 14,781,906 15,429,890 FY15-16 Update Actual FTES reduced by 198.0 (loss) –New FY 16 Target 3,019 PC did not meet the target – 85.3% reduction in allocation and return of growth funding FY 16 PC will be stabilization however on track to meet target All campuses receive allocation based on FTES

Enrollment Management Districtwide Approach Compliance Management 50% Law Faculty Obligation Number (FON) 75-25 Rule Enrollment Management Do not work in silos! Q1. Are we properly aligning and integrating our strategies? Q2. How did the Core of the Core Analysis help with strategic focus?

FY16 Short-Term Adjustments Late Starting Classes Dual Enrollment Assessment Prep Workshops Counselors @ HS Marketing Plans PC Connect WFSN