Tentative Budget Report

Transcription

1 Tentative Budget Report Evergreen Valley College San José City College Workforce Institute San Jose Evergreen Community College Extension at Milpitas District Services June 13, 217

2 217/218 REPORT Presented to the Board of Trustees June 13, 217 Doug Smith, Vice Chancellor, Administrative Services Peter Fitzsimmons, Executive Director Fiscal Services Anthony Oum, Assistant Director Fiscal Services Linda Wilczewski, Controller Prepared in collaboration with Fiscal Services Staff

3 BOARD OF TRUSTEES AND ADMINISTRATIVE OFFICERS BOARD OF TRUSTEES Craig Mann, President Mayra Cruz, Vice President Rudy Nasol Wendy Ho Jeffrey Lease Huong Nguyen Scott Pham ADMINISTRATIVE OFFICERS Debbie Budd, Chancellor Kim Garcia, Vice Chancellor, Human Resources Ben Seaberry, Vice Chancellor, Information Technology/CISO Doug Smith, Vice Chancellor, Administrative Services Byron Clift Breland, President, San Jose City College Henry Yong, President, Evergreen Valley College

4 I. Introduction TABLE OF CONTENTS A. Transmittal Memo 1 B. FY 217/218 Tentative Budget Summary 5 C. Board of Trustees Budget Principles 6 II. General Funds 7 A. Unrestricted General Fund 1 12 B. Parking Fund C. Financial Stabilization Fund 12 6 D. Student Success Enhancement Fund E. Facility Rental Fund F. Workforce Institute Fund G. Categoricals & Grants Fund H. Health Fees Fund III. Capital/Bond Project Funds 91 A. GO Bond Measure G-24 Series C Fund B. Capital Projects Fund C. GO Bond Measure G-21 Series B Fund 42 1 D. GO Bond Measure G-21 Series C Fund E. GO Bond Measure G-21 Series D Fund F. GO Bond Measure X Series A Fund IV. Special Revenue Funds 121 A. Cafeteria Fund B. Child Development Fund

5 V. Internal Service Fund 124 A. Self-Insurance Fund VI. Fiduciary Funds 126 A. Financial Aid Fund B. Scholarships & Loan Agency Fund VII. OPEB-Related Funds 133 A. OPEB Bond Flow Chart 135 B. OPEB Trust Fund C. Retiree Benefit Fund D. Long-Term OPEB Debt Fund VIII. Long-Term Debt Funds 139 A. L/T Debt GO Bond Measure I Fund B. L/T Debt GO Bond Measure G 24 Fund C. L/T Debt GO Bond Measure G 21 Fund D. L/T Debt GO Bond Measure X Fund IX. Appendices A. Budget Assumptions 144 B. Recap of Fund Balances 147 C. 1 Cost Analysis of Salaries & Benefits By Bargaining Unit 148 D. 1 Day Cost Analysis of Salaries and Benefits By Bargaining Unit 151 E. Fund 1 Property Taxes and One-Time Settlement Taxes 154 F. Apportionment Analysis 155

6 June 13, 217 To: Chancellor Dr. Budd Honorable Board of Trustees From: Doug Smith, Vice Chancellor of Administrative Services Introduction Enclosed for your information is the FY Tentative Budget. The approval of this budget by the Board of Trustees provides the District spending authority effective July 1, 217, pending the passage of the State Budget Act in July 217 and the adoption of the District s Final Budget on September 12, 217. Immediately following this transmittal letter is a summary of the District s Estimated Actuals for the Unrestricted General Fund 1 for FY , a summary of the Tentative Budget for FY , and an Estimated Budget for FY and FY There is extensive budget detail included in this Tentative Budget Report that was supported by the Business Services staff at Evergreen Valley College, San Jose City College, and the Workforce Institute, then analyzed, compiled, and finalized by the District Services Fiscal staff. Community college finance is very complex, often unpredictable, and very changeable. Business Services and Fiscal Services staff are to be commended for their attention to detail, work ethic, and commitment to the organization to manage campus and district budgets on a basis consistent with program review, Board budget principles, and Board ends policies under the direction of the Chancellor and Board of Trustees, leading to fiscal decision making which is represented in this tentative budget. On May 25, 217, the District Budget Committee reviewed this budget at length, including assumptions and basis within which budget projections have been made. The District Budget Committee is very knowledgeable and highly informed about budget detail, and has an excellent understanding of the overall budget picture, including the status of the District as a basic aid, or communitysupported college district, funded primarily by local property taxes; the associated timing implications of this revenue information; and the associated underlying budget assumptions used. As the District goes forward, the District Budget Committee will be very Page 1

7 FY Tentative Budget Transmittal Memo June 13, 217 Page 2 of 4 key and influential in validating the District s budget status. The next steps for budget development will be to close the books and prepare for the auditor s review of FY With the passage of the Budget Act, the FY Budget will be updated and prepared for final adoption by the Board of Trustees at the September 217 meeting Fiscal Year Tentative Budget The beginning fund balance for July 1, 217 is estimated to be $15,699,882, 14.5 without consideration for pending collective bargaining agreements, much of which will be applied retroactively to July 1, 216 once fully ratified and implemented for all groups. The revenues for this tentative budget are projected to be $19,266,752, which again has the District in basic aid status by approximately $27.4 million. As the most significant budget assumption, an estimate of 3.5 for new property taxes on top of the current year base is being applied consistent with the Board s budget principles. Local revenues are primarily student enrollment fees, Education Projection Account funds, and property tax dollars. However, since the revenues exceed the Total Computational Revenue (State general apportionment guarantee), the District receives no general apportionment dollars from the State, and is thus considered a Basic Aid or Community-Supported College District. The District s general operating revenues are now based substantially on local property taxes. This past month the property tax projection for FY was updated based on the latest County Tax Collector estimate now representing a 6.4 on-going increase over the prior-year property tax receipts. The property tax revenues allocated to the Unrestricted General Fund 1 are projected to be $89,845,125 in FY and $92,298,324 in FY On the expenditure side, the total budget for the Unrestricted General Fund 1 has grown to $11,374,884 assuming a spend-out of all allocations. When a discount factor reflecting five-year historical spending patterns is applied, the expenditures for FY are estimated to be $18,63,961. This budget includes the increased cost of employee health and welfare, and all statutory benefit costs and changes to district-wide expenditure budgets based on trends and current year projected actuals. As previously stated, collective bargaining agreements, when finalized, will be retroactive to July 1, 216 and expenditures and fund balances will be adjusted to reflect these changes. In summary, the FY Tentative Budget, as presented, anticipates total revenue of $19,266,752, total expenditures of $18,63,961 after application of the discount factor of $1,743,923. This represents a budgeted net change of $635,791 to the ending fund balance estimated to be $16,335,673, 15.. This figure of course will change significantly when the salary settlements are posted and we close the books for FY and incorporated into FY Page 2

8 FY Tentative Budget Transmittal Memo June 13, 217 Page 3 of Fiscal Year and Fiscal Year As discussed above, the primary driver for unrestricted general fund revenue is local property taxes. In FY on-going property tax growth on top of the prior-year receipts was In the year following growth was 8.47, then 1.28, then 6.57 in FY and estimated 6.4 in FY This recent four-year trend illustrates a variance between a low of 3.21 and a high of 1.28 which represents a $5.6 million swing when converted to on-going revenue. So while being a Basic Aid, Community-Supported College District certainly has served students well, it is highly volatile and has very significant revenue fluctuations. 84 of Unrestricted General Fund 1 revenue in this Tentative Budget is from property taxes. No single factor in this budget is more significant than this data point. While at this time the District s fiscal outlook remains relatively good the District must continue to be cautious in its commitments, and make long-term stabilization set-asides, while staying prudently and carefully managed. The District is now heavily, almost exclusively, property tax dependent. A significant factor as we look to the future is the District s STRS/PERS retirement costs continue to escalate at unprecedented levels. These factors, included with the health care premium increases, consume a major share of annual property tax expansion. Furthermore, in the out-years, the District is facing another significant cost increase with the ACA Cadillac Tax burden beginning in January 22, likely in excess of $2 million. These increased costs must be supported and backfilled by continued and ongoing property tax increases of 3.5 or more. One recent change that has been made is to apply a spending discount factor for out-year projections. Rather than assuming all budgeted dollars are spent, a discount factor based on five years of activity is applied. This factor is presently 1.58, which is the average variance between the revised budget and final year-end actuals for the previous five years. With the opening of the San Jose-Evergreen Community College Extension in Milpitas, this budget allocates $75, in spending again in FY This budget is intended to cover all new costs for additional staff and operations but may need to be adjusted as operations mature. For planning purposes, the District will maintain its conservative posture with property tax estimates growing at a rate of 3.5 as a way to protect jobs, college programs, student success opportunities; to avoid potential significant unplanned reductions; and to remain prudent and responsible with spending commitments. Additionally, this conservative revenue methodology functions as a budget stabilizer for this Basic Aid or Community-Supported District, and helps offset the unrestricted general fund reserve until such time that the District Stabilization Fund, as designated by the Board of Trustees, is fully funded. Page 3

9 FY Tentative Budget Transmittal Memo June 13, 217 Page 4 of 4 Summary The FY Tentative Budget has been carefully reviewed by the District Budget Committee and projects a prudent ending fund balance of 15., as it is being presented to the Board of Trustees. For the District s financial future there are seven key data points to watch and carefully manage: 1) Property Tax receipts. 2) Management of resources to maximize Board Ends Policy results. 3) Collective Bargaining efforts for FY ) Health and Welfare premium increases. 5) STRS and PERS pension employer rate increases. 6) The impact of the ACA Cadillac Tax. 7) The need to fund the Stabilization Fund with one-time dollars while the economy is providing adequate new resources. These elements are the major factors that will influence the District s financial future. Page 4

10 San Jose/Evergreen Community College District Tentative Budget Summary June 13, 217 Audited Adopted Estimated Estimated Estimated Actuals Budget Actuals Tentative Budget Budget Budget Beginning Fund Balance $12,646, $16,429, $16,428, $15,699, $16,335, $17,892, ` Revenues Federal $7,519 $ $11,15 $ $ $ State $14,172,144 $8,476,436 $8,413,166 $7,216,239 $7,32,131 $7,394,695 Local $92,536,421 $98,138,753 $98,866,927 $11,27,796 $14,581,79 $17,992,716 Other Sources/Transfers $425,115 $675,876 $456,775 $779,717 $27,364 $27,364 Total Revenues $17,24,199 $17,291,65 $17,747,883 $19,266,752 $112,9,574 $115,594,775 Expenditures Certificated $44,29,3 $4,811,112 $42,254,52 $41,223,879 $41,69,851 $41,999,447 Classified $2,421,9 $22,619,414 $22,31,984 $23,626,221 $23,783,757 $23,942,395 Benefits (health & welfare, statutory) $23,215,822 $27,531,248 $26,651,38 $28,531,289 $3,311,475 $32,244,834 Total Personnel $87,927, $9,961, $91,27, $93,381, $95,75, $98,186, Materials & Supplies $1,13,391 $98,979 $1,82,94 $993,615 $993,615 $993,615 Operating Expenses $9,492,186 $12,886,487 $11,819,419 $11,54,817 $12,99,76 $11,949,76 Capital Outlay $982,79 $296,828 $1,6,885 $148,347 $148,347 $148,347 Contingency/Other Outgo $3,889,293 $4,626,846 $3,35,876 $4,31,716 $3,36,986 $5,16,946 Total Non Personnel $15,494, $18,719, $17,269, $16,993, $16,62, $18,18, Sub Total Expenditures $13,421,71 $19,68,914 $18,476,95 $11,374,884 $112,37,791 $116,295,344 Discount Factor $ $ $ ($1,743,923) ($1,774,463) ($1,837,466) Total Expenditures $13,421,71 $19,68,914 $18,476,95 $18,63,961 $11,533,328 $114,457,878 Net Change in Fund Balance $3,782,489 ($2,389,849) ($729,67) $635,791 $1,557,246 $1,136,897 Ending Fund Balance $16,428, $14,39, $15,699, $16,335, $17,892, $19,29, Page 5

11 Board of Trustees Budget Principles Adopted February 28, Trustees to provide the Chancellor and staff with policy framework for managing an appropriate fund balance & structural balance. 2. Affirm a student centered approach that ensures our values of opportunity, equity, and social justice. 3. Compliance with accreditation standards. 4. Distinguish between on going vs. one time resources and expenses. 5. Manage all resource allocations or funding reductions systematically to maximize student equity and success. 6. Seek efficiencies and revenue opportunities. 7. Establish and maintain an employee salary and compensation structure that is competitive among the Bay 1 Community College Districts. 8. Maintain a minimum 7 Unrestricted General Fund reserve consistent with board policy. 9. District Stabilization Fund Board authority required to access. Access during economic downturn. Replenish in healthy fiscal times. At Fiscal Year End, transfer up to $5K of one time money, when General Fund balance finishes above 1. Cap Stabilization Fund at $2.5M. 1. Establish and maintain a balanced funding model that is centered on our mission, vision, values, board Ends Policies, and strategic plan. 11. Property Tax projections will be based on 3.5 growth and will be adjusted each period based on County Tax Collector updates. 12. Adopted Budgets and Quarterly Reports will include long term revenue and expenditure forecasts, enrollment trends, and financial risk analysis. 13. Use data to inform decision making. 14. Seed Student Opportunity and Access Revenue (S.O.A.R.) from current land lease proceeds. 15. Financially plan and budget for total cost of ownership, including building related expenses, and program related expenses. Page 6

12 GENERAL FUNDS

13 GENERAL FUNDS Unrestricted General Fund 1 The Unrestricted General fund provides the resources necessary to sustain the day-to-day activities of the colleges and the district and pays for most operating expenditures district-wide. Revenues The FY Tentative Budget assumes an increase in revenues of $1,989,263 from the FY Revised Budget attributed to a decrease of $9,242 in anticipated federal revenues (MAA Funds); a decrease of $1,42,111 in anticipated state revenues (primarily due to one-time funds to pay down prior mandated obligations and other one-time funding); an increase of $3,373,93 in anticipated local revenues (primarily associated with property taxes and international student enrollment fees), and an increase of $27,523 in anticipated other financing sources (primarily associated with transfers-in from Fund 15). Expenditures The FY Tentative Budget reflects an overall.54 increase in expenditures from the FY Revised Budget. The assumption includes the following: A 2.13 increase in District-Wide expenditures to reflect primarily the following: o Increases to: Vacation payouts State STRS On-Behalf payment, which is offset by a corresponding revenue entry. Insurance premiums Utilities o Reductions in: Supplies Contracts / Services A 2.24 reduction in District Services expenditures to reflect primarily the following: o Increases to: Salary and benefit costs Undistributed Programs o Reductions in: Contracts / Services Election and Printing Expenses Equipment A.4 increase in San Jose City College expenditures to reflect primarily the following: Page 7

14 o Increases to: Salary and benefit costs Undistributed Programs o Reductions in: Supplies Contracts / Services Equipment A 1.3 increase in Evergreen Valley College expenditures to reflect primarily the following: o Increases to: Salary and benefit costs Undistributed Programs / Contingencies o Reductions in: Supplies Contracts / Services Equipment A $75, allocation to the San Jose Evergreen Community College Extension to accommodate the location s second year operating expenses. Reserve The anticipated reserve for FY is projected to be 14.47; however, this will change as the FY COLAs will impact this projection coupled with the normal 1 to 2 variance realized as the books are closed. The reserve for FY is estimated at 15.4; however, this too will change as more definitive information is received from the State regarding the impact of the State s Adopted Budget on the District, data from the Santa Clara County Tax Collector s Office regarding property tax receipts, and the compounded effect of the FY COLAs. Parking Fund 11 The Parking Fund was augmented by the Unrestricted General Fund to support operations by $11,484 in FY On April 1, 212, the Board of Trustees authorized an increase to parking permits and daily parking fees to mitigate the reliance of the Unrestricted General Fund. As a result of this action coupled with vacancies, the Parking Fund had a positive ending fund balance in the subsequent fiscal years. The fund required an augmentation by the Unrestricted General Fund 1 to support operations again in FY and subsequent years due to declining revenues and increased costs. Page 8

15 Financial Stabilization Fund 12 On February 24, 215, the Board of Trustees authorized the creation of this new fund. On February 23, 216, the Board of Trustees established parameters on fund utilization. Based upon these parameters, there was a transfer into Fund 12 from the Unrestricted General Fund 1 in the amount of $5, in FY ; however, pending direction from the Board of Trustees no additional transfers have been implemented. Student Success Enhancement Fund 14 Established in FY , the Student Success Enhancement Fund receives partial revenues ($25, annually) from the land lease payments from the Evergreen Marketplace II retail development and future revenues associated with the land development project of some of the vacant parcels located adjacent to Evergreen Valley College. The objective of these revenues are to provide a funding source for innovative projects focused on closing the achievement gaps aligned with the Board of Trustees End Policies. Facility Rental Auxiliary Fund 15 The Facilities Rental Auxiliary Fund was established in FY to track facilities rental fees received and to track corresponding costs associated with rental activities. Activity within this fund is limited to facilities rental activities; however, fund balances may be transferred to other funds to support shortfalls or other expenditures. The revenues and expenditures within this fund associated with District Services represent the activities associated with the tenants at the District Office. District Services is anticipating transferring $172, and $185, to the Unrestricted General Fund 1 in FY and FY respectively to cover the costs associated with parking at the District Office. San Jose City College is anticipating transferring $15, and $4, to the Unrestricted General Fund 1 in FY and FY , respectively. Evergreen Valley College is anticipating transferring $9, to the Unrestricted General Fund 1 in both FY and FY Workforce Institute Fund 16 The Workforce Institute made a contribution of $275, to the Unrestricted General Fund 1 in FY29-21 and $411, in FY Beginning in FY , the District and the Workforce Institute agreed that the Workforce Institute would annually transfer 15 of its operating profit (defined as annual revenues in excess of annual expenditures) to the District, which was $7,788 in FY The Workforce Institute ran a deficit in FY through FY In FY transfers begin again with $6,383. It is projected that $2,25 will be transferred in FY and $24,661 will be transferred in FY Categorical and Grant Fund 17 The estimated transfer out from the Unrestricted General Fund 1 to support State categorical programs is anticipated to be $268,315 in FY and $347,435 in FY It is anticipated that the FY estimation will decrease once the impact of the Page 9

16 State s Adopted Budget on the District is known. To put this reliance in perspective from past years: $695,556 in FY21-211; $51,78 in FY ; $488,789 in FY ; $143,28 in FY ; $159,434 in FY ; and $211,55 in FY was used to augment programs. For a breakdown of the programs that are anticipated to receive supplemental funding, please see page 72. Categorical Flexibility For categorical programs in the flexibility category, funding allocations for each district are set at the same amount received by the District in FY28-29, less the FY29-21 reduction. This allocation methodology, as well as the flexibility, was locked in through FY As part of the FY State Budget, the Governor extended this flexibility for an additional two years through June 215. San Jose City College elected to exercise this flexibility by transferring $34,38 since FY from the Childcare Tax Bailout Program to supplement the Disabled Student Program (DSPS). San Jose City College also elected in FY to transfer$17,394 from the Apprenticeship program to supplement the Student Success and Support program (previously known as the Matriculation program). Evergreen Valley College elected to exercise this flexibility by transferring $56,624 in FY from the Student Success and Support Program to supplement the Extended Opportunities Programs and Services program (EOPS). The District has in the past elected to transfer $3, from the PT Faculty Parity Pay Categorical Program and move $15, to EOPS and $15, to DSPS. Total PT Parity Pay was not affected by this change. These transfers trigger overall categorical flexibility per ABX4.2. Currently categorical flexibility is disallowed. Student Health Fees Fund 18 The Student Health Fee Fund was augmented by the Unrestricted General Fund 1 to support operations at Evergreen Valley College by $14,83 in FY and was augmented by MAA Funds to support operations at San Jose City College by $25,82 in FY Both campuses responded by reducing the expenditure budget for FY On February 14, 212, the Board of Trustees authorized an increase to the student health fee by $1 (from $17 to $18 per semester) based upon the Implicit Price Deflator Index. As a result of these actions, the Student Health Fee fund was structurally balanced in FY However, in FY the Unrestricted General Fund 1 once again augmented the Student Health Fee Fund in the amount of $37,125 ($32,6 to support operations at San Jose City College and $5,119 at Evergreen Valley College). On January 4, 214, the Board of Trustees authorized an additional increase to the student health fee by $1 (from $18 per semester to $19 per semester) based upon the Implicit Price Deflator Index. Despite this action, San Jose City College required an augmentation of $29,41 in FY and an augmentation of $9,472 in FY from the Unrestricted General Fund 1. Page 1

17 San Jose City College is projecting a surplus of $38,943 for FY and EVC is projecting a balanced budget. On April 4, 217 the board of Trustees authorized increase to the student health fee by another $1 (from $19 semester to $2 per semester) effective All 217. Both campuses are projecting a balanced budget for FY Page 11

18 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND Consolidated INCOME FY S Beginning Fund Balance, July 1st 16,428,949 FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH $ $ 15,699,882 $ (729,67) 4 $ 16,335,673 $ 635,791 4 $ 17,892,919 $ 1,557, Federal Revenue Federal MAA Program Revenue $ 11,15 $ $ (11,15) 1 $ $ $ $ 481 Federal Revenue $ 11,15 $ $ (11,15) 1 $ $ $ $ 486 State Revenue GA Apportionment (One time) $ 237,25 $ $ (237,25) 1 $ $ $ $ Education Protection Act (EPA) 1,191,722 1,23,639 11, ,215,676 12,37 1 1,227,832 12, B.O.G. (2 Admin. Fee) 185, ,473 9, ,351 (3,122) 2 194,275 1, Secured Homeowners Exempt 432, 447,12 15, ,769 15, ,966 16, Other State Income 3,4,552 3,85,412 44,86 1 3,126,37 4, ,167,414 41, Mandated Cost Reimbursement 1,422, ,19 (1,85,354) 76 34,389 3, ,793 3, State Lottery 1,716,8 1,733,24 17,16 1 1,75,573 17, ,768,79 17, State Reimb Costs 187, ,336 26, , , State Revenue $ 8,413,166 $ 7,216,239 $ (1,196,927) 14 $ 7,32,131 $ 85,892 1 $ 7,394,695 $ 92, Local Revenue Secured Property Tax Revenues $ 76,143, $ 78,88,5 $ 2,665,5 4 $ 81,566,285 $ 2,758,28 3 $ 84,421,15 $ 2,854, Supplemental Secured Prop. Tax 3,37, 3,143,295 16, ,253,31 11,15 3 3,367, , Unsecured Roll Property Taxes 5,956, 6,164,46 28,46 4 6,38, , ,63, , RDA Passthru (AB129) (47.5) 1,375,125 1,423,254 48, ,473,68 49, ,524,626 51, RDA Residual Pmts 2,234, 2,312,19 78,19 4 2,393,117 8, ,476,876 83, Contributions/Gifts/Endowments 45, (45,) RDA Asset Liquidation 668, (668,) Property Rental 89,946 (89,946) Interest 21,32 21,32 21,32 21, Instructional Materials Fees 31,637 36,843 5, ,843 36, Enrollment Fees Intl Students 1,956,844 2,134, , ,155,871 21, ,177,429 21, Enrollment Fees Residents 5,555,554 5,611,11 55, ,667,221 56, ,723,893 56, Use of Facilities 184,562 4, (18,562) 98 4, 4, Student Representation Fees (64) Enrollment Fees Non Residents 553,275 63,514 5, ,55 6, ,645 6, Other Local Income 836,16 828,568 (7,448) 1 84,566 11, , Local Revenue $ 98,866,927 $ 11,27,796 $ 2,43,869 2 $ 14,581,79 $ 3,31,283 3 $ 17,992,716 $ 3,411, Other Financing Sources Sale Of Equipment $ 12,292 $ 12,292 $ $ 12,292 $ $ 12,292 $ Sale Of Waste Materials 3,17 1,572 (1,535) 49 1,572 1, Interfund Trans In (Indirect Cost) 27,126 8,5 (18,626) 69 8,5 8, Interfund Transfers In (1 fr 15) 412, 675, 263, , (49,) , 4899 Interfund Trans In (1 fr 16) 2,25 24,661 22, (24,661) Interfund Trans In (1 fr 17) 57,692 57,692 (57,692) 1 Page 12

19 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND FY Consolidated S 489 Other Financing Sources 456,775 EXPENDITURES 51 Academic Salaries FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH $ $ 779,717 $ 322, $ 27,364 $ (572,353) 73 $ 27,364 $ RESOURCES $ 124,176,832 $ 124,966,634 $ 789,82 1 $ 128,426,247 $ 3,459,613 3 $ 133,487,694 $ 5,61,447 4 Certificated Salaries $ 21,43,349 $ 22,618,734 $ 1,188,385 6 $ 22,822,32 $ 23,568 1 $ 23,27,72 $ 25,4 1 Certificated Salaries MSC 3,382,213 3,646, , ,679,456 32, ,712,571 33,115 1 Certificated Salaries Adjunct 17,441,94 14,958,58 (2,483,432) 14 15,18,93 149, ,259, , Classified Salaries Classified Salaries $ 14,477,1 $ 15,989,874 $ 1,512,873 1 $ 16,11,84 $ 111,93 1 $ 16,214,516 $ 112,712 1 Classified Salaries MSC 5,929,177 6,515, ,34 1 6,56,817 45,66 1 6,66,743 45,926 1 Classified Hourly/Temp 1,471,94 1,38,19 (432,94) 29 1,38,19 1,38,19 Classified OT 424,712 82,946 (341,766) 8 82,946 82, Employee Benefits 531 STRS $ 6,964,977 $ 6,736,262 $ (228,715) 3 $ 6,94,168 $ 167,96 2 $ 7,76,395 $ 172, PERS 2,833,816 3,77, , ,916, , ,67, , OASDI/Medicare 2,276,343 2,424,66 148, ,44,842 16, ,457,192 16, Health & Welfare 13,449,758 14,493,152 1,43, ,932,756 1,439, ,515,357 1,582, State Unemployment Insurance 153, ,364 (12,119) 8 142,555 1, ,757 1, Workers' Comp 957, ,49 7, ,6 9, ,699 9, Retiree Benefits 15,485 (15,485) 1 54 Supplies and Materials 541 Supplies Instruction $ 39,558 $ 37,843 $ (1,715) 4 $ 37,843 $ $ 37,843 $ 5411 Software Instruction Over $2 9,97 (9,97) Supplies Non Instruction 718,3 748,239 29, , , Food & Food Serv Non Instr 216, ,541 (98,286) , , Software Non Instruc Over $2 26,825 13,725 (13,1) 49 13,725 13, Copier Supplies 72,75 75,267 2, ,267 75, Contra Account (48) Supplies and Materials $ 1,82,94 $ 993,615 $ (89,289) 8 $ 993,615 $ $ 993,615 $ 55 Other Operating Exp & Serv 551 Personal/Contract Services $ 2,219,326 $ 1,662,445 $ (556,881) 25 $ 1,662,445 $ $ 1,662,445 $ 5511 License Renewal Instruction 5,564 (5,564) License Renewal Non Instruct 738, ,882 (158,964) , , Conference 53, ,238 24, , , Field Trips 153, ,454 (28,334) , , Memberships 34,65 217,724 (86,926) , , Mileage Expense 31,987 35,15 3, ,15 35, Board Meeting Expenses 3,998 6, 2,2 5 6, 6, 554 Insurances 54, ,32 31, ,32 572,32 Page 13

20 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND Consolidated FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR 5551 Telephone 363, ,691 (35,78) 1 327, , Gas 48,31 538,8 58, ,8 538, Electricity 2,187,661 2,324, 136, ,324, 2,324, Electricity Rebate (57,462) 57, Water/Sewer 596, , (11,931) , 486, 5555 Garbage 133, ,2 41, ,2 175, Fuel/Oil 77,815 81,949 4, ,949 81, Uniforms 57,212 54,647 (2,565) 4 54,647 54, Contra Utilities (24,6) (24,6) (24,6) (24,6) 5561 Rentals/Leases 499, ,135 (21,337) 4 478, , Repairs 332,75 372,66 39, ,66 372, Preventative Maintenance Agreements 831,83 872,383 41, , , Fees/Audits/Elections 19,259 19, ,29 19, Bond Election Expense 626,341 (626,341) (1,252,682) 2 626, External Collection Fees 62,12 65, 2, , 65, Advertising 339, ,65 (21,726) ,65 128, Legal Expenses 299,769 24, (59,769) 2 24, 24, Audit Expense 12,512 1, (2,512) 2 1, 1, Board Election Expense 67,477 (67,477) 1 15, 15, (15,) Printing/Reprographics Expense 14,364 57,848 (46,516) 45 57,848 57, Postage 39,337 56,953 17, ,953 56, Undistributed Funded Programs 995, , ,249 (217,398) , Other Operating Expense 334,326 79, , ,832 79, Bank Charges 128,676 13,95 2, ,95 13, Bad Debt Write Off 197,217 16, (37,217) 19 16, 16, 5584 Board Communications Reimburse 6,5 8, 1,5 23 8, 8, 55 Other Operating Exp and Serv $ 11,819,419 $ 11,54,817 $ (278,62) 2 $ 12,99,76 $ 558,943 5 $ 11,949,76 $ (15,) 1 56 Capital Outlay 5612 Site Improvements $ 94,834 $ 434 $ (94,4) 1 $ 434 $ $ 434 $ 5631 Library 5,525 5, ,733 5, Electronic Books 6,38 (6,38) Equipment ($2 to $4,999) 27, ,18 (145,947) ,18 124, Capitalizable Equipment 3 Year Life 137,294 18, (119,294) 87 18, 18, Capitalizable Equipment 8 Year Life 492,725 (492,725) 1 56 Capital Outlay $ 1,6,885 $ 148,347 $ (912,538) 86 $ 148,347 $ $ 148,347 $ 57 Other Outgo 5731 Interfund Trans Out (1 to 17) $ 268,315 $ 347,435 $ 79,12 29 $ 347,435 $ $ 347,435 $ 5734 Interfund Trans Out (1 to 16) 468,7 454,275 (13,795) 3 477,52 22, , Interfund Trans Out (1 to 11) 346, ,436 7, ,688 41, ,654 44, Interfund Trans Out 17CWS to 48Pel 36,94 193,353 (112,741) , , Interfund Trans Out (1 to 85) 1,884,749 1,883,76 (989) 1,883,76 1,883, Other Payments to/for Students 31,795 (31,795) Appropriations For Contingencies 693, ,472 (693,472) Contingency 383, ,985 63,698 (32,287) 83 1,674,692 1,61, GROWTH Page 14

21 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND FY Consolidated S 57 Other Outgo 3,35,876 FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH $ $ 4,31,716 $ 1,4,84 3 $ 3,36,986 $ (949,73) 22 $ 5,16,946 $ 1,655,96 49 SUB REQUIREMENTS $ 18,476,95 $ 11,374,884 $ 1,897,934 2 $ 112,37,791 $ 1,932,97 2 $ 116,295,344 $ 3,987,553 4 DISCOUNT FACTOR $ (1,743,923) $ (1,774,463) $ (1,837,466) REQUIREMENTS $ 18,476,95 $ 18,63,961 $ 154,11 $ 11,533,328 $ 1,92,367 2 $ 114,457,878 $ 3,924,55 4 Estimated Ending Fund Balance, June 3th $ 15,699,882 $ 16,335,673 $ 635,791 4 $ 17,892,919 $ 1,557,246 1 $ 19,29,817 $ 1,136,897 6 Page 15

22 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND Districtwide INCOME FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH 481 Federal Revenue 481 Federal Revenue $ $ $ $ $ $ $ 486 State Revenue GA Apportionment (One time) $ 237,25 $ $ (237,25) 1 $ $ $ $ Education Protection Act (EPA) 1,191,722 1,23,639 11, ,215,676 12,37 1 1,227,832 12, Secured Homeowners Exempt 432, 447,12 15, ,769 15, ,966 16, Other State Income 3,4,552 3,85,412 44,86 1 3,126,37 4, ,167,414 41, Mandated Cost Reimbursement 1,422, ,19 (1,85,354) 76 34,389 3, ,793 3, State Lottery 1,716,8 1,733,24 17,16 1 1,75,573 17, ,768,79 17, State Reimb Costs 187, ,336 26, , , State Revenue $ 8,227,19 $ 7,2,766 $ (1,26,424) 15 $ 7,19,78 $ 89,14 1 $ 7,2,42 $ 9, Local Revenue Secured Property Tax Revenues $ 76,143, $ 78,88,5 $ 2,665,5 4 $ 81,566,285 $ 2,758,28 3 $ 84,421,15 $ 2,854, Supplemental Secured Prop. Tax 3,37, 3,143,295 16, ,253,31 11,15 3 3,367, , Unsecured Roll Property Taxes 5,956, 6,164,46 28,46 4 6,38, , ,63, , RDA Passthru (AB129) (47.5) 1,375,125 1,423,254 48, ,473,68 49, ,524,626 51, RDA Residual Pmts 2,234, 2,312,19 78,19 4 2,393,117 8, ,476,876 83, RDA Asset Liquidation 668, (668,) Property Rental 89,946 (89,946) Interest 21,32 21,32 21,32 21, Use of Facilities 184,562 4, (18,562) 98 4, 4, 4889 Other Local Income 599, ,826 (21,88) 4 59,825 11, ,824 (1) 488 Local Revenue $ 9,488,579 $ 92,635,62 $ 2,146,483 2 $ 95,861,853 $ 3,226,791 3 $ 99,189,163 $ 3,327, Other Financing Sources Sale Of Equipment $ 12,292 $ 12,292 $ $ 12,292 $ $ 12,292 $ Sale Of Waste Materials 3,17 1,572 (1,535) 49 1,572 1, Interfund Trans In (1 fr 16) 2,25 24,661 22, (24,661) Interfund Trans In (1 fr 17) 57,692 57,692 (57,692) Other Financing Sources $ 17,649 $ 96,217 $ 78, $ 13,864 $ (82,353) 86 $ 13,864 $ EXPENDITURES 52 Classified Salaries RESOURCES $ 98,733,418 $ 99,752,45 $ 1,18,627 1 $ 12,985,497 $ 3,233,452 3 $ 16,43,447 $ 3,417,95 3 Classified Salaries (Vacation/CompTime Payout) $ 271,219 $ 262,5 $ (8,719) 3 $ 264,338 $ 1,838 1 $ 266,188 $ 1,85 1 Classified Hourly/Temp 334,95 212, (122,95) , 212, 53 Employee Benefits Page 16

23 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND FY Districtwide S 531 STRS 2,156,84 FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY $ $ 2,195,972 $ 39,888 2 $ 2,236,597 $ 4,625 2 $ 2,277,974 $ 41, PERS 11,421 6,5 (4,921) 43 6, , OASDI/Medicare 25,562 16, (9,562) 37 16, , State Unemployment Insurance (168) Workers' Comp 3,313 4,5 1, , , Supplies and Materials 543 Supplies Non Instruction $ 147,928 $ 137,95 $ (1,23) 7 $ 137,95 $ $ 137,95 $ 5431 Food & Food Serv Non Instr 68 1, , 1, 5432 Copier Supplies 48, 48, 48, 48, PRIOR YEAR 54 Supplies and Materials $ 196,68 $ 186,95 $ (9,73) 5 $ 186,95 $ $ 186,95 $ 55 Other Operating Exp & Serv 551 Personal/Contract Services $ 544,864 $ 477,494 $ (67,37) 12 $ 477,494 $ $ 477,494 $ 5513 License Renewal Non Instruct 37, ,7 44, ,7 352,7 554 Insurances 54, ,32 31, ,32 572, Telephone 314, , (19,732) 6 295, 295, 5552 Gas 467,421 52, 52, , 52, 5553 Electricity 2,172,661 2,3, 127, ,3, 2,3, Electricity Rebate (57,462) 57, Water/Sewer 515,331 48, (35,331) 7 48, 48, 5555 Garbage 12,162 17, 49, , 17, 5556 Fuel/Oil 2, 2, 2, 2, 5561 Rentals/Leases 393, ,688 (576) 392, , Repairs 242, ,696 35, , , Preventative Maintenance Agreements 626, ,648 9, , , Fees/Audits/Elections 2 5,765 5,745 5,765 5, Bond Election Expense 626,341 (626,341) (1,252,682) 2 626, External Collection Fees 62,12 65, 2, , 65, Advertising 8,277 79,8 (477) 1 79,8 79, Legal Expenses 229,547 23, , 23, Audit Expense 1, 1, 1, 1, Board Election Expense 15, 15, (15,) Postage 31,5 46,5 15, 48 46,5 46, Other Operating Expense 319, , 48, , 368, Bank Charges 119, ,8 9, ,8 129, Bad Debt Write Off 197,217 16, (37,217) 19 16, 16, 55 Other Operating Exp and Serv $ 7,344,11 $ 7,34,377 $ (39,724) 4 $ 7,81,718 $ 776, $ 7,66,718 $ (15,) 2 56 Capital Outlay Equipment ($2 to $4,999) $ 29,731 $ 45, $ 15, $ 45, $ $ 45, $ Capitalizable Equipment 8 Year Life 8,784 (8,784) 1 56 Capital Outlay $ 38,515 $ 45, $ 6, $ 45, $ $ 45, $ 57 Other Outgo GROWTH Page 17

24 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND FY Districtwide S 5734 Interfund Trans Out (1 to 16) 457,7 FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY $ $ 454,275 $ (2,795) $ 477,52 $ 22,777 5 $ 477,52 $ 5735 Interfund Trans Out (1 to 11) 346, ,436 7, ,688 41, ,654 44, Interfund Trans Out (1 to 85) 1,884,749 1,883,76 (989) 1,883,76 1,883,76 PRIOR YEAR 57 Other Outgo $ 2,688,672 $ 2,692,471 $ 3,799 $ 2,756,5 $ 64,29 2 $ 4,435,461 $ 1,678, SUB REQUIREMENTS $ 13,71,68 $ 12,656,725 $ (414,343) 3 $ 13,539,878 $ 883,153 7 $ 15,112,394 $ 1,572, DISCOUNT FACTOR $ (199,976) $ (213,93) $ (238,776) REQUIREMENTS $ 13,71,68 $ 12,456,749 $ (614,319) 5 $ 13,325,948 $ 869,199 7 $ 14,873,618 $ 1,547,67 12 GROWTH Page 18

25 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND District Services INCOME FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH 481 Federal Revenue 481 Federal Revenue $ $ $ $ $ $ $ 486 State Revenue 486 State Revenue $ $ $ $ $ $ $ 488 Local Revenue 4882 Contributions/Gifts/Endowments $ 45, $ $ (45,) 1 $ $ $ $ 488 Local Revenue $ 45, $ $ (45,) 1 $ $ $ $ 489 Other Financing Sources 4898 Interfund Transfers In $ 172, $ 185, $ 13, 8 $ 185, $ $ 185, $ 489 Other Financing Sources $ 172, $ 185, $ 13, 8 $ 185, $ $ 185, $ EXPENDITURES 51 Academic Salaries RESOURCES $ 217, $ 185, $ (32,) 15 $ 185, $ $ 185, $ Certificated Salaries MSC $ 473,438 $ 426,238 $ (47,2) 1 $ 43,74 $ 3,836 1 $ 433,945 $ 3,871 1 Certificated Salaries Adjunct 28,597 (28,597) 1 52 Classified Salaries Classified Salaries $ 4,48,627 $ 4,899,275 $ 49, $ 4,933,57 $ 34,295 1 $ 4,968,15 $ 34,535 1 Classified Salaries MSC 3,339,951 3,54, , ,528,844 24,53 1 3,553,546 24,72 1 Classified Hourly/Temp 343, ,3 (8,231) ,3 263,3 Classified OT 139,381 55,168 (84,213) 6 55,168 55, Employee Benefits 531 STRS $ 74,71 $ 77,129 $ 3,58 4 $ 79,263 $ 2,134 3 $ 81,456 $ 2, PERS 1,89,863 1,293,141 23, ,343,132 49, ,395,58 51, OASDI/Medicare 61, ,975 23, ,19 4, ,435 4, Health & Welfare 2,699,423 2,749,373 49,95 2 3,22, ,95 1 3,322,69 3, State Unemployment Insurance 17,539 17, , , Workers' Comp 114,912 12,285 5, ,291 1, ,35 1, Retiree Benefits 146 (146) 1 54 Supplies and Materials 543 Supplies Non Instruction $ 122,631 $ 136,68 $ 13, $ 136,68 $ $ 136,68 $ 5431 Food & Food Serv Non Instr 23,8 26, 2,2 9 26, 26, 5431 Software Non Instruc Over $2 5,6 5,6 5,6 5, Copier Supplies 24,75 2,767 (3,938) 16 2,767 2,767 Page 19

26 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND District Services FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH 54 Supplies and Materials $ 171,136 $ 188,975 $ 17,839 1 $ 188,975 $ $ 188,975 $ 55 Other Operating Exp & Serv 551 Personal/Contract Services $ 964,746 $ 716,36 $ (248,44) 26 $ 716,36 $ $ 716,36 $ 5513 License Renewal Non Instruct 251,22 55,25 (195,772) 78 55,25 55, Conference 151, ,75 41, ,75 192, Memberships 9,733 75,659 (15,74) 17 75,659 75, Mileage Expense 11,857 14,55 2, ,55 14, Board Meeting Expenses 3,998 6, 2,2 5 6, 6, 5551 Telephone 17,243 18,31 1, ,31 18, Garbage 2, (2,) Fuel/Oil 36,341 32,949 (3,392) 9 32,949 32, Uniforms 22,78 12,38 (1,4) 46 12,38 12, Rentals/Leases 925 5,251 4, ,251 5, Repairs 2,94 1,37 7, ,37 1, Preventative Maintenance Agreements 24,488 26,2 1, ,2 26,2 557 Fees/Audits/Elections 18,119 13,525 (4,594) 25 13,525 13, Advertising 7,74 6,344 (1,396) 18 6,344 6, Legal Expenses 7,222 1, (6,222) 86 1, 1, Audit Expense 12,512 (12,512) Board Election Expense 67,477 (67,477) Printing/Reprographics Expense 5,171 7,834 (42,337) 84 7,834 7, Postage Undistributed Funded Programs 217, ,398 (217,398) Other Operating Expense 14,125 21,23 7, ,23 21, Bank Charges 975 1, ,15 1, Board Communications Reimburse 6,5 8, 1,5 23 8, 8, 55 Other Operating Exp and Serv $ 1,918,316 $ 1,452,222 $ (466,94) 24 $ 1,234,824 $ (217,398) 15 $ 1,234,824 $ 56 Capital Outlay Equipment ($2 to $4,999) $ 5,23 $ 57,749 $ 7, $ 57,749 $ $ 57,749 $ Capitalizable Equipment 3 Year Life 3,38 (3,38) Capitalizable Equipment 8 Year Life 21,53 (21,53) 1 56 Capital Outlay $ 11,798 $ 57,749 $ (44,49) 43 $ 57,749 $ $ 57,749 $ 57 Other Outgo 5734 Interfund Trans Out (1 to 16) $ 11, $ $ (11,) 1 $ $ $ $ 57 Other Outgo $ 11, $ $ (11,) 1 $ $ $ $ SUB REQUIREMENTS $ 15,532,615 $ 15,729,655 $ 197,4 1 $ 15,95,481 $ 175,826 1 $ 16,328,312 $ 422,831 3 DISCOUNT FACTOR $ (248,529) $ (251,37) $ (257,987) REQUIREMENTS $ 15,532,615 $ 15,481,126 $ (51,489) $ 15,654,174 $ 173,48 1 $ 16,7,325 $ 416,15 3 Page 2

27 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND San Jose City College INCOME FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH 481 Federal Revenue Federal MAA Program Revenue $ 4,14 $ $ (4,14) 1 $ $ $ $ 481 Federal Revenue $ 4,14 $ $ (4,14) 1 $ $ $ $ 486 State Revenue B.O.G. (2 Admin. Fee) $ 87,877 $ 93,796 $ 5,919 7 $ 89,657 $ (4,139) 4 $ 9,554 $ State Revenue $ 87,877 $ 93,796 $ 5,919 7 $ 89,657 $ (4,139) 4 $ 9,554 $ Local Revenue 4887 Instructional Materials Fees $ 26,597 $ 31,623 $ 5,26 19 $ 31,623 $ $ 31,623 $ Enrollment Fees Intl Students 1,47,318 1,142,414 95,96 9 1,153,839 11, ,165,377 11, Enrollment Fees Residents 2,586,953 2,612,823 25,87 1 2,638,951 26, ,665,34 26, Enrollment Fees Non Residents 286, ,662 26, ,789 3, ,947 3, Other Local Income 152, ,634 12, , , Local Revenue $ 4,99,968 $ 4,264,156 $ 164,188 4 $ 4,34,836 $ 4,68 1 $ 4,345,922 $ 41, Other Financing Sources 4898 Interfund Transfers In $ 15, $ 4, $ 25, 167 $ $ (4,) 1 $ $ 489 Other Financing Sources $ 15, $ 4, $ 25, 167 $ $ (4,) 1 $ $ EXPENDITURES 51 Academic Salaries RESOURCES $ 4,341,949 $ 4,757,952 $ 416,3 1 $ 4,394,493 $ (363,459) 8 $ 4,436,476 $ 41,983 1 Certificated Salaries $ 1,723,153 $ 11,261,247 $ 538,94 5 $ 11,362,598 $ 11,351 1 $ 11,464,861 $ 12,263 1 Certificated Salaries MSC 1,432,146 1,713, , ,728,682 15, ,744,24 15,558 1 Certificated Salaries Adjunct 8,879,567 7,495,666 (1,383,91) 16 7,57,623 74, ,646,329 75, Classified Salaries Classified Salaries $ 4,138,787 $ 4,722,553 $ 583, $ 4,755,611 $ 33,58 1 $ 4,788,9 $ 33,289 1 Classified Salaries MSC 1,261,473 1,459, , ,469,526 1, ,479,813 1,287 1 Classified Hourly/Temp 476, ,577 (149,552) , ,577 Classified OT 141,191 9,98 (132,93) 94 9,98 9,98 53 Employee Benefits 531 STRS $ 2,283,9 $ 2,285,176 $ 1,276 $ 2,349,251 $ 64,75 3 $ 2,415,123 $ 65, PERS 749,988 1,182, , ,227,765 45, ,275,98 47, OASDI/Medicare 765,35 892, , ,183 5, ,149 5, Health & Welfare 4,897,713 5,674, , ,237, , ,857, , State Unemployment Insurance 54,15 56,327 2, , , Page 21

28 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND San Jose City College FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR 536 Workers' Comp 429, ,318 36, ,74 4, ,879 4, Supplies and Materials 541 Supplies Instruction $ 32, $ 31,623 $ (377) 1 $ 31,623 $ $ 31,623 $ 543 Supplies Non Instruction 213, ,732 38, , , Food & Food Serv Non Instr 86,6 64,35 (22,295) 26 64,35 64, Software Non Instruc Over $2 15, 5 (14,5) Copier Supplies 6,5 6,5 6,5 6,5 54 Supplies and Materials $ 347,579 $ 355,66 $ 8,81 2 $ 355,66 $ $ 355,66 $ 55 Other Operating Exp & Serv 551 Personal/Contract Services $ 43, $ 31,6 $ (119,4) 28 $ 31,6 $ $ 31,6 $ 5511 License Renewal Instruction 5,564 (5,564) License Renewal Non Instruct 13, 124,625 (5,375) 4 124, , Conference 174,8 23,66 56, ,66 23, Field Trips 13,45 112,75 (17,7) ,75 112, Memberships 122, 89,42 (32,58) 27 89,42 89, Mileage Expense 5, 14,45 9, ,45 14, Telephone 5,7 2, (3,7) 65 2, 2, 5555 Garbage 7,5 (7,5) Fuel/Oil 12,5 28,5 16, ,5 28, Uniforms 13, 28,5 15, ,5 28, Rentals/Leases 56,366 62,45 6, ,45 62, Repairs 3, 42, 12, 4 42, 42, Preventative Maintenance Agreements 115, 145,13 3, ,13 145, Advertising 198,888 23,6 (175,288) 88 23,6 23, Printing/Reprographics Expense 26,671 41,914 15, ,914 41, Postage 4,496 8,4 3, ,4 8, Undistributed Funded Programs 535, , , , Other Operating Expense 732 (732) Bank Charges 1, (1,) 1 55 Other Operating Exp and Serv $ 1,468,947 $ 1,8,24 $ 331, $ 1,8,24 $ $ 1,8,24 $ 56 Capital Outlay 5612 Site Improvements $ 94,834 $ 434 $ (94,4) 1 $ 434 $ $ 434 $ Electronic Books 4,38 (4,38) Equipment ($2 to $4,999) 66,44 13,431 (53,9) 8 13,431 13, Capitalizable Equipment 3 Year Life 26,745 (26,745) Capitalizable Equipment 8 Year Life 266,543 (266,543) 1 56 Capital Outlay $ 494,942 $ 13,865 $ (481,77) 97 $ 13,865 $ $ 13,865 $ 57 Other Outgo 5731 Interfund Trans Out (1 to 17) $ 162,147 $ 149,936 $ (12,211) 8 $ 149,936 $ $ 149,936 $ Interfund Trans Out 17CWS to 48Pel 112,741 (112,741) Contingency 299, 299, (299,) 1 Page 22 GROWTH

29 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND San Jose City College FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH 57 Other Outgo $ 274,888 $ 448,936 $ 174,48 63 $ 149,936 $ (299,) 67 $ 149,936 $ SUB REQUIREMENTS $ 38,818,999 $ 4,161,947 $ 1,342,948 3 $ 4,782,389 $ 62,442 2 $ 41,763,572 $ 981,183 2 DISCOUNT FACTOR $ (634,559) $ (644,362) $ (659,864) REQUIREMENTS $ 38,818,999 $ 39,527,388 $ 78,389 2 $ 4,138,27 $ 61,639 2 $ 41,13,78 $ 965,68 2 Page 23

30 FY Tentative Budget General Fund Three Year Projections 1 GENERAL FUND Evergreen Valley College INCOME FY S FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH FY PRIOR YEAR GROWTH 481 Federal Revenue Federal MAA Program Revenue $ 6,911 $ $ (6,911) 1 $ $ $ $ 481 Federal Revenue $ 6,911 $ $ (6,911) 1 $ $ $ $ 486 State Revenue B.O.G. (2 Admin. Fee) $ 98,99 $ 11,677 $ 3,578 4 $ 12,694 $ 1,17 1 $ 13,721 $ 1, State Revenue $ 98,99 $ 11,677 $ 3,578 4 $ 12,694 $ 1,17 1 $ 13,721 $ 1, Local Revenue 4887 Instructional Materials Fees $ 5,4 $ 5,22 $ 18 4 $ 5,22 $ $ 5,22 $ Enrollment Fees Intl Students 99, ,111 82, ,2,32 9, ,12,52 1, Enrollment Fees Residents 2,968,61 2,998,287 29, ,28,27 29, ,58,553 3, Student Representation Fees (64) Enrollment Fees Non Residents 266,641 29,852 24, ,761 2, ,698 2, Other Local Income 83,636 85,18 1, ,17 (1) 85, Local Revenue $ 4,233,38 $ 4,371,578 $ 138,198 3 $ 4,414,39 $ 42,812 1 $ 4,457,631 $ 43, Other Financing Sources Interfund Trans In (Indirect Cost) $ 27,126 $ 8,5 $ (18,626) 69 $ 8,5 $ $ 8,5 $ 4898 Interfund Transfers In 9, 9, (9,) Other Financing Sources $ 117,126 $ 98,5 $ (18,626) 16 $ 8,5 $ (9,) 91 $ 8,5 $ EXPENDITURES 51 Academic Salaries RESOURCES $ 4,455,516 $ 4,571,755 $ 116,239 3 $ 4,525,584 $ (46,171) 1 $ 4,569,852 $ 44,268 1 Certificated Salaries $ 1,77,196 $ 11,357,487 $ 65,291 6 $ 11,459,74 $ 12,217 1 $ 11,562,841 $ 13,137 1 Certificated Salaries MSC 1,466,829 1,57,136 4,37 3 1,52,7 13, ,534,386 13,686 1 Certificated Salaries Adjunct 8,514,276 7,462,842 (1,51,434) 12 7,537,47 74, ,612,845 75, Classified Salaries Classified Salaries $ 5,479,291 $ 5,874,447 $ 395,156 7 $ 5,915,568 $ 41,121 1 $ 5,956,977 $ 41,49 1 Classified Salaries MSC 1,327,753 1,49,179 81, ,419,43 9, ,428,976 9,933 1 Classified Hourly/Temp 39, ,61 (73,16) ,61 236,61 Classified OT 143,14 18,68 (124,46) 87 18,68 18,68 53 Employee Benefits 531 STRS $ 2,45,122 $ 2,177,985 $ (272,137) 11 $ 2,239,57 $ 61,72 3 $ 2,31,842 $ 62, PERS 957,5 1,23, , ,278,253 47, ,327,694 49, OASDI/Medicare 869, ,356 (6,133) 1 869,195 5, ,75 5,88 1 Page 24