1. Presented by Kate Jolley Director of Fiscal Services Sonoma County Junior College District 2013-14 Adopted Budget

2. Overview o Fifteen Funds in the District Special Revenue (Farm, Child Development, Parking) Capital Related (GO Bond, Capital Outlay) Internal Service (Retiree Benefit, Self Insurance) Fiduciary (Student Rep Fee) o General Fund The “main” fund o Three types of accounts Unrestricted Designated Restricted

3. 2013-14 Adopted Budget Account Types o Unrestricted accounts Where the District conducts its core mission o Designated accounts – internally raised funds for specific purpose Culinary café sales Library copier GED and Assessment testing o Restricted accounts– external funds for specific purpose DSPS Matriculation CTEA Health fees

4. 2013-14 Adopted Budget Unrestricted General Fund o Revenues Federal State Local o Apportionment FTES + Basic allocation Property taxes Student enrollment fees Educational Protection Act General apportionment

5. 2013-14 Adopted Budget Looking Back o Started 2012-13 with $5.9 million structural deficit Revenues did not cover our expenses o Offsets Workload reduction $1.8 million Employee concessions $3 million Budgeted spend down of $1.1 million

6. 2013-14 Adopted Budget 2012-13 Unrestricted Revenue o Unrestricted Federal - $30,273 o Unrestricted State - $43,235,805 o Unrestricted Local - $55,491,561 o Transfers / Other inflows - $67,952 Total Unrestricted Revenue - $98,825,591

7. 2013-14 Adopted Budget 2012-13 Total Revenue o Unrestricted Total - $98,825,591 o Restricted Revenues Federal - $2,067,271 State - $5,601,433 Local - $1,562,632 Transfers/Other - $70,009 o Total Revenues - $108,126,936

8. 2013-14 Adopted Budget 2012-13 Apportionment Revenue o Apportionment General Apportionment - $22,338,841 Educational Protection Act - $14,046,633 Property Taxes - $42,173,712 Student Fees - $9,065,033 o Total Apportionment - $87,624,219 88.7% of our unrestricted revenue

9. 2013-14 Adopted Budget 2012-13 Total Expenses o Academic salaries - $45,335,726 o Classified salaries - $25,392,222 o Benefits - $21,568,930 o Supplies - $2,732,979 o Services - $9,312,998 o Capital outlay - $1,063,218 o Transfers / other outgo - $3,200,095 o Total Expenses- $108,606,169

10. 2013-14 Adopted Budget 2012-13 At a Glance o Total General Fund Revenue- $108,126,936 o Total General Fund Expenses- $108,606,169 o Decrease to fund balance - $(479,233) o Structural deficit - $5.9 million Employee concessions $3 million Workload reduction $1.8 million Reduced backfill categorical $400k Miscellaneous $200K

11. 2013-14 Adopted Budget 2013-14 Budget Assumptions o Major Revenue Assumptions FTES – 20,500 COLA 1.57% - $1.43 million Growth / Restoration - $2.2 million Deficit Funding - 3% Lottery funding - $121K o Major Expenditure Assumptions Salary increases $3.1 million Step increases - $486K Health benefit increases - $803K Increased student access - $1.8 million Retiree liability - $1.6 million

12. 2013-14 Adopted Budget 2013-14 Unrestricted Revenue o Unrestricted Federal - $30,500 o Unrestricted State - $45,953,230 o Unrestricted Local - $56,124,698 o Transfers / Other inflows - $464,800 Total Unrestricted Revenue - $102,573,228

13. 2013-14 Adopted Budget 2013-14 Total Revenue o Unrestricted Total - $102,573,228 o Restricted Revenues Federal - $2,567,888 State - $6,886,769 Local - $3,088,088 Transfers/Other - $184,491 o Total Revenues - $115,300,464

14. 2013-14 Adopted Budget 2013-14 Apportionment Revenue o Apportionment General Apportionment - $29,885,053 Educational Protection Act - $11,528,045 Property Taxes - $42,811,500 Student Fees - $7,647,543 o Total Apportionment - $91,872,141 89.6% of unrestricted revenue

15. 2013-14 Adopted Budget 2013-14 Budgeted Expenditures o Academic salaries - $50,775,152 o Classified salaries - $27,692,273 o Benefits - $21,852,486 o Supplies - $3,063,497 o Services - $10,210,286 o Capital outlay - $2,517,294 o Transfers / other outgo - $4,694,699 o Total Expenses- $120,805,687

16. 2013-14 Adopted Budget 2013-14 At a Glance o Total General Fund Revenue- $115,300,464 o Total General Fund Expenses- $120,805,687 o Decrease to fund balance - $(5,505,223) o Ending Fund Balance $6.95 million 5.76% of expenditures

17. 2013-14 Adopted Budget Looking Ahead at FTES o Achieving growth is imperative Funding based partially on FTES Attracting and retaining Marketing / Outreach Facilities Technology

18. 2013-14 Adopted Budget Looking Ahead at COLA o Governor’s Budget in January Funding based partially on COLA Since 2008-09, lost over 17% in cumulative unfunded COLA

19. 2013-14 Adopted Budget Looking Ahead to 2014-15 o Continue reducing expenditures Have all done so much more with so much less o Continue to diversify revenue base International program expansion Grants Facilities rentals o Aren't out of the woods yet

20. Questions? Sonoma County Junior College District 2013-14 Adopted Budget