1. CERRITOS COLLEGE 2009-10 PROPOSED ADOPTED BUDGET SUMMARY JAMES A. ALBANESE LOLA RIZKALLAH BUSINESS SERVICES SEPTEMBER 2, 2009

2. GENERAL FUND UNRESTRICTED 2

3. 2009-10 BUDGET ASSUMPTIONS 3 The Adopted Budget has no COLA, Stability/Restoration or Growth funds. Reduced workload resulted in a loss of $2.8 million in State funds. Marginal revenue reflects an additional loss of $0.6 million in local interest earnings. Marginal expenditures of $2.1 million bring the total reduction to $5.5 million. The budget reflects higher expenditures than revenue by $5.9 million but the District is applying reduction options that were identified in the last fiscal year to close the gap by June 30, 2010.

4. BEGINNING BALANCE & PROJECTED REVENUE 4

5. PROJECTED EXPENDITURES 5

6. PROJECTED RESERVES & ENDING BALANCE 6

7. PROJECTED REVENUE 7

8. PROJECTED EXPENDITURES 8 CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04 GENERAL FUND SUMMARYGENERAL FUND SUMMARY CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04 GENERAL FUND SUMMARYGENERAL FUND SUMMARY CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04 GENERAL FUND SUMMARYGENERAL FUND SUMMARY CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04 GENERAL FUND SUMMARYGENERAL FUND SUMMARY CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT 2004-05 PROPOSED TENTATIVE BUDGET2004-05 PROPOSED TENTATIVE BUDGET GENERAL FUND - UNRESTRICTED SUMMARY ( FUND 01.0 )GENERAL FUND - UNRESTRICTED SUMMARY ( FUND 01.0 )

9. GENERAL FUND RESTRICTED- CATEGORICAL 9

10. 2009-10 BUDGET ASSUMPTIONS In our planning we are anticipating reductions based on pending detailed information and guidelines from the State. We have not received this information as of 8/20/09. 10

11. BEGINNING BALANCE & PROJECTED REVENUE 11

12. PROJECTED EXPENDITURES & ENDING BALANCE 12

13. PROJECTED REVENUE 13 CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04 GENERAL FUND - RESTRICTED SUMMARY ( 03 FUND )GENERAL FUND - RESTRICTED SUMMARY ( 03 FUND ) CERRITOS COMMUNITY COLLEGE DISTRICTCERRITOS COMMUNITY COLLEGE DISTRICT ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04ACTUAL YEAR END 2002-03 AND PROPOSED ADOPTED BUDGET 2003-04 GENERAL FUND - RESTRICTED SUMMARY ( 03 FUND )GENERAL FUND - RESTRICTED SUMMARY ( 03 FUND )

14. PROJECTED EXPENDITURES 14

15. CERTIFICATES OF PARTICIPATION FUND 15

16. 2009-10 BUDGET ASSUMPTIONS BALANCE FROM THE DISTRICT’S COPS ISSUE: This fund was designated to provide COPS money for major technology and construction/remodeling projects on campus. Currently the remainder of the fund is being utilized to complete PeopleSoft Conversion. 16

17. BEGINNING BALANCE & PROJECTED REVENUE 17

18. PROJECTED EXPENDITURES & ENDING BALANCE 18

19. SPECIAL REVENUE FUND 19

20. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established to account for the financial activities of the following entities with total revenue projected at $5,500,979 Community Education: $1,894,977 Contract Education: $1,272,350 Cosmetology: $197,746 Culinary Arts: $180,262 Parking: $1,955,644 20

21. BEGINNING BALANCE & PROJECTED REVENUE 21

22. PROJECTED EXPENDITURES & ENDING BALANCE 22

23. PROJECTED REVENUE 23

24. PROJECTED EXPENDITURES 24

25. VINTAGE CERRITOS STUDENT SUCCESS 25

26. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established to account for income generated from ground lease payments received as a result of the senior care project. Funds have been designated to be used exclusively for activities related to student success as designated by the Board. Revenue: Ground Lease: $380,267 James Irvine Foundation: $173,762 26

27. 2009-10 BUDGET ASSUMPTIONS Expenditures: Sakai r-Smart: $28,000 Library Information System: $52,297 James Irvine Foundation: $173,762 27

28. BEGINNING BALANCE & PROJECTED REVENUE 28

29. PROJECTED EXPENDITURES & ENDING BALANCE 29

30. PROJECTED REVENUE 30

31. PROJECTED EXPENDITURES 31

32. CAPITAL OUTLAY FUND 32

33. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established to account for State Scheduled Maintenance, Hazardous Material Removal, and Construction/Remodeling projects. Other activities include District Match for Instructional Equipment, Library Materials and Physical Plant, Technology Needs and Construction Augmentation. 33

34. BEGINNING BALANCE & PROJECTED REVENUE 34

35. PROJECTED EXPENDITURES & ENDING BALANCE 35

36. PROJECTED REVENUE 36

37. PROJECTED EXPENDITURES 37

38. REVENUE AND CONSTRUCTION FUND 38

39. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established to track all projects generated by the GO Bond funds. The District has successfully issued $55 million in Series 2009C (funds received June 11, 2009) 39

40. BEGINNING BALANCE & PROJECTED REVENUE 40

41. PROJECTED EXPENDITURES & ENDING BALANCE 41

42. PROJECTED EXPENDITURES 42

43. 43 SELF-INSURANCE FUND

44. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established in 2004-05 to provide for self-insured risk-management expenses. Transfers in/Expenditures: $25,000 44

45. BEGINNING BALANCE & PROJECTED REVENUE 45

46. PROJECTED EXPENDITURES & ENDING BALANCE 46

47. STUDENT HEALTH SERVICES FUND 47

48. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established to capture the income and expenditures generated by the Student Health Services Program. This is a self-supporting program. It is estimated that $849,709 will be generated in revenue. 48

49. BEGINNING BALANCE & PROJECTED REVENUE 49

50. PROJECTED EXPENDITURES & ENDING BALANCE 50

51. PROJECTED EXPENDITURES 51

52. 52 RETIREE HEALTH BENEFIT FUND GASB 45

53. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund was established in 2004-05 to initialize the funding of the District’s liability for future payment of employees retirement health benefits. The District will transfer in $500,000 which will bring the balance to $3.2 million in the 2009-10 year. 53

54. BEGINNING BALANCE & PROJECTED REVENUE 54

55. PROJECTED EXPENDITURES & ENDING BALANCE 55

56. FINANCIAL AID FUND 56

57. 2009-10 BUDGET ASSUMPTIONS ESTIMATED REVENUES/EXPENDITURES: This fund distributes financial aid to students. Programs include: Pell Grant: $20,000,000 SEOG: $345,549 Cal Grants: $2,000,000 Nursing Grants: $14,989 Academic Competitiveness Grant: $150,000 Expenditures consist of cash grants and book vouchers 57

58. BEGINNING BALANCE & PROJECTED REVENUE 58

59. PROJECTED EXPENDITURES & ENDING BALANCE 59

60. PROJECTED REVENUE 60

61. The End For any questions, please contact Jim Albanese jalbanese@cerritos.edujalbanese@cerritos.edu Ext 2242 Lola Rizkallah rizkallah@cerritos.edurizkallah@cerritos.edu Ext 2266 Thank You 61