Budget 2016

Agenda 1.Budget Process Per Handbook 2.Budget Guidelines Approved by the Board 3.Budget Timeline 4.Revenue Projections – Revenue Analysis – Alternatives of Revenue Projections 5.Expenditure Budgets 6.Budget Worksheets

The Budgets 1.Operations budget – Campus and office budgets – Revenue and expenditures 2.Bookstore and Dining Hall budgets 3.FSM - FMI 4.Board Budget 5.SEG Budget

Operations Budget Balanced Budget: Revenue = Expenditure Revenue Projections: – Analysis of revenue trend from 2007 – 2014 (see graph) – Revenue assumptions: – Students based on FY 2014 – Credits based on average credit per FY 2014 – Tuition at $135 per credit – Facility fee at $200/$70 and $50/$25 – FSM: ESG - $1.0 Million – FSM: GF - $2.8 Million

Expenditure Budgets Budget Categories: 1.Fixed budgets 2.Priority budgets 3.Other budgets

Fixed Budgets Salaries and benefits for filled positions Housing budgets for filled positions Utilities and fuel Communication budget for internet Fixed rental costs Repairs and maintenance Insurance Student activities and services budget – Student recruitment (travel) – student activities Office supplies (minimum provision of $500 per employee/faculty) Accreditation annual fee and visits Audit, retirement and other professional fees Maintenance of MIP, TRACDAT and SIS Contracts for overload, part time and summer instructors

Priority Budgets Salaries and benefits for approved vacant positions Provisions for step increases Recruitment and repatriation Staff development Tutoring contracts Housing budgets for vacant positions Site visits Additional office supplies Reference materials Other accreditation activities Additional repairs and maintenance Computer, equipment and other fixed assets

Other Budgets Salaries and benefits for new positions and programs. Travel budget Vehicle budget All other budgets

Budget Worksheets Salaries Benefits Justifications Budget category Performance (TRACDAT) Allocations