1. SUMMER STUDY GROUPS – AUGUST 8, 2011 SETTING TARGETS FOR BUDGET ACTION PLANS
For 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%
$ ,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