Erie Community College Mid-Year Budget Discussion Erie County Legislature February 16, 2017

Transcription

1 Erie Community College Mid-Year Budget Discussion Erie County Legislature February 16, 2017 Dennis Murphy, Chair ECC Board of Trustees Danise Wilson, Chair, Financial Health Subcommittee Jack Quinn, President 1

2 Erie County Legislature February 16, Budget Challenges: State Aid Loss enrollment decline 3 yr. weighted avg. ($ 176,573) Tuition & Fee Loss enrollment decline ($ 900,000) Increase in Health Insurance Rates ($1,200,000) Total Revenue Budget Challenges ($2,276,573) Budget Opportunities: Early Retirement Incentive approved by Legislature $ 890,756 Vacancy Control* $ 600,000 Reduction in Course Sections* $ 875,000 Total Revenue Budget Opportunities $ 2,365,756 Net Projected Budget Impact 2016/17 $ 89,183 *Amounts reflect estimates to be adjusted throughout the remainder of the fiscal year. 2

3 Historical Credit, Non-credit & total FTE Enrollment 3

4 Projection Fund Balance Fund $ 14,492,488 Less Budget Use of Fund Balance $ 1,250,000 - Reserve for 8/31/19 $ 1,642,648 Unreserved Fund Balance at 8/31/17 * $ 11,599,790 Percent of budget ($108,520,432) 10.69% 4-year financial projection estimated usage for $ 750,000 *Does not include other post-employment benefits (OPED) of $73,536,371 at 8/31/16 an increase of $8,022,233 during fiscal year

5 Next Steps Continue to monitor current year budget Control costs to offset enrollment declines ECC Internal Budget Site opened Financial Health Committee monthly monitoring. Three budget review Committee meetings scheduled ECC BOT adopted budget submitted to Erie County Executive prior to May 10, 2017 with copies provided to the Erie County Legislature Erie County Executive submission of budget to Legislature no later than June 1, 2017 Erie County Legislature to act no later than the last regularly scheduled meeting in June (June 22, 2017 as of now) Erie County & ECC Joint Advisory Committee meeting bi-monthly 5

6 Potential Budget Impact Items Status of State Budget Maintenance of effort Excelsior Scholarship Program (Free Tuition Proposal) Increase in base operating aid per FTE Enrollment challenges given high school demographics, competition and the local unemployment rate STEM Building opening January 2018 Potential tuition & fee adjustments Use of fund balance to fund structural operating budgets - $1,250,000 in ; preliminary amount planned for $750,000 Decrease costs to match potential revenue declines Collective bargaining agreements contracted cost increases Reduction in TRS (NYS Teachers Retirement System) rates Funding of strategic initiatives aligned with ECC Excels Academic Master Plan Funding of new student/management information system (ERP) Infrastructure investment New President will be starting 6

7 New York State Budget State University of New York (SUNY) Year to Year Changes in State Aid for Community Colleges And Potential Use of $30.0M Base Aid / FTE $ 2,697 Base Aid / FTE $ 2,697 $ 30,000,000 $ 104,867 $ 14,054,465 1,000, / /18 #/$ Difference Second Use Change College Funded FTE Base Aid Value Funded FTE Base Aid Value Funded FTE Base Aid Value Hold Flat Enrollment Enrollment Growth Based Allocation Increased Limited Small College Aid New Total $ % Adirondack 2,913 7,857,656 2,792 7,529,215 (122) (328,441) 328, ,566 8,092, , % Broome 5,052 13,626,053 4,963 13,386,425 (89) (239,628) 239, ,043 14,043, , % Cayuga 2,791 7,528,379 2,623 7,075,326 (168) (453,053) 453, ,426 7,748, , % Clinton 1,170 3,155,895 1,076 2,901,460 (94) (254,435) 254,435 90, ,000 3,446, , % Columbia Greene 1,224 3,301,937 1,142 3,079,408 (83) (222,529) 222,529 95, ,000 3,597, , % Corning 2,771 7,472,794 2,675 7,214,691 (96) (258,103) 258, ,768 7,697, , % Dutchess 6,749 18,200,758 6,557 17,683,258 (192) (517,500) 517, ,907 18,751, , % Erie 11,241 30,315,817 10,774 29,057,613 (467) (1,258,204) 1,258, ,265 31,221, , % FIT 9,146 24,667,651 9,154 24,688, ,179 21, ,159 25,457, , % Finger Lakes 4,568 12,319,626 4,346 11,721,108 (222) (598,518) 598, ,161 12,684, , % Fulton Montgomery 1,886 5,086,272 1,815 4,894,057 (71) (192,215) 192, , ,000 5,438, , % Genesee 4,100 11,058,941 3,881 10,466,140 (220) (592,801) 592, ,064 11,385, , % Herkimer 2,413 6,508,131 2,358 6,358,636 (55) (149,495) 149, ,098 6,706, , % Hudson Valley 8,527 22,997,049 8,314 22,423,128 (213) (573,922) 573, ,573 23,695, , % Jamestown 3,202 8,636,765 3,033 8,181,296 (169) (455,469) 455, ,881 8,891, , % Jefferson 2,729 7,359,493 2,697 7,273,243 (32) (86,250) 86, ,592 7,586, , % Mohawk 5,082 13,706,154 4,754 12,821,160 (328) (884,994) 884, ,432 14,105, , % Monroe 12,853 34,665,296 12,331 33,255,682 (523) (1,409,614) 1,409,614 1,036,052 35,701,348 1,036, % Nassau 17,518 47,246,920 16,510 44,527,821 (1,008) (2,719,099) 2,719,099 1,387,226 48,634,146 1,387, % Niagara 4,572 12,330,414 4,493 12,118,700 (79) (211,715) 211, ,548 12,707, , % North Country 1,065 2,871, ,620,675 (93) (250,983) 250,983 81, ,000 3,153, , % Onondaga 8,023 21,638,436 7,820 21,089,192 (204) (549,244) 549, ,016 22,295, , % Orange 4,811 12,975,564 4,811 12,975,537 (0) (27) ,242 13,379, , % Rockland 6,331 17,073,547 6,331 17,073, ,914 17,605, , % Schenectady 3,501 9,441,199 3,302 8,906,357 (198) (534,842) 534, ,470 9,718, , % Suffolk 19,323 52,112,944 19,203 51,791,570 (119) (321,375) 321,375 1,613,522 53,726,466 1,613, % Sullivan 1,122 3,026,546 1,079 2,909,146 (44) (117,400) 117,400 90, ,000 3,317, , % Tompkins Cortland 3,710 10,005,870 3,741 10,089, ,607 83, ,329 10,403, , % Ulster 2,131 5,748,305 2,026 5,463,987 (105) (284,318) 284, ,226 5,918, , % Westchester 12,209 32,926,378 11,698 31,549,884 (510) (1,376,495) 1,376, ,910 33,909, , % Total $ 172,734 $ 465,862, ,270 $ 451,126,647 $ (5,464) $ (14,735,801) $ 14,840,668 $ 104,867 $ 14,054,465 $ 1,000,000 $ 481,021,780 $ 15,159, % 7

8 Tot. NYS HS Erie County Western NY Change in % Change Change in % Change Change in % Change High School Graduation Rates Year Graduates High Sch Grd High Sch Grd Total Per Yr Erie County Per Yr WNY Per Yr 2016/17 180,434 8,688 13, /18 175,857 8,493 13,227 (4,577) 2.54% (195) 2.24% (279) 2.07% 2018/19 174,135 8,476 12,998 (1,722) 0.98% (17) 0.20% (229) 1.73% 2019/20 176,495 8,512 13,122 2, % % % 2020/21 176,095 8,404 12,943 (400) 0.23% (108) 1.27% (179) 1.36% 2021/22 175,538 8,391 12,895 (557) 0.32% (13) 0.15% (48) 0.37% 2022/23 175,820 8,164 12, % (227) 2.71% (267) 2.07% 2023/24 174,062 7,900 12,119 (1,758) 1.00% (264) 3.23% (509) 4.03% 2024/25 172,204 7,798 11,945 (1,858) 1.07% (102) 1.29% (174) 1.44% (8,230) 4.56% (890) 10.24% (1,561) 11.56% tot.% chg tot.% chg tot.% chg 2016/17 180,434 8,688 13, % 7.49%% of state 2024/25 172,204 7,798 11, % 6.94%% of state 8

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