December 10, 2010.  September revenue update: -$520M shortfall  Governor required to make across the board (ATB) cuts  All general fund appropriations.

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Presentation transcript:

December 10, 2010

 September revenue update: -$520M shortfall  Governor required to make across the board (ATB) cuts  All general fund appropriations reduced by 6.287%  SCC’s share = $1.36M in FY 2011  Legislature can adjust, however…  “You should consider these to be your budget reductions for this year and plan accordingly.”

 Lapse salaries  ATB reduction: Goods/Services/Travel  Shift current positions to “soft” money  Shift current non-personnel expenditures to non-state funding sources  Reduce contingency funds  One-time “carry over” funds  Set funds aside on October 1 st

 Revenue forecast: -$385 million shortfall  Additional 4.6% ATB cut (on top of 6.3%)  SCC: additional $1 million cut for current fiscal year

 Governor, Democrat and Republican proposals honor maintenance-of-effort (MOE) threshold  Cut with MOE in place: ~3.8%  Special session: Saturday, December 11 th

 November projections: $5.7 billion shortfall  Projected for : additional 18% reduction (SCC: $3.7 million)  Additional reductions through FY 2013 likely

– – % SEPTEMBER: 6.3% MOE: [4.0%] + 3.7% = 10% Net = 17% 7% NOVEMBER: 6.3% + 4.6% = 10.9% MOE: [4.0%] + 18% Net = 35.9% $1.6 M$1.3m + $1.0M = $2.3M+ $3.7M = $7.6M

Constituencies and Affected Areas Number of Positions  Administrative Exempt 7  Vice-President, Dean, Director, Assistant Director, Manager, Confidential Assistant  Classified 5  Science, Financial Services, Technology Support Services,  Faculty15  Advising, Counseling, Humanities, Social Science, HOPE/Bus, Science