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

2. FINANCIAL OVERVIEW Budget Allocation Model Review
Adopted
Budget
Enrollment Management

3. 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

4. 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?

5. 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.

6. 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 (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

7. 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?

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