Board Budget Workshop III

Transcription

1 Board Budget Workshop III AUGUST 10,

2 2 Agenda Visioning Process Components of the Budget Proposed Operating Budget Considerations Questions - Comments - Discussion

3 3 Visioning Process

4 Visioning Process To date there have been 25 sessions with over 450 participants College-wide Planning Feasibility with VAI/Ayers Saint Gross (ASG) Planning Budget Item 4

5 5 College-Wide Principles 01 Library become Learning Commons 05 Optimizing Scheduling & Utilization 02 Streamline Student Onboarding 06 Campus Character & Quality - Branding 03 Student Success Resources 07 Transform Workspace Environments 04 Classrooms become Integrated Instructional/ Learning Environments 08 High Schools

6 6 College Goals One College Identity/ Focus Student Ready College Serving the Community

7 7 Components of the Budget

8 8 Revenue State Appropriations Tuition Property Taxes

9 Funding History Total Budgeted Operation & Maintenance Income $350.0 $328.8 $224.6 $246.7 $261.7 $275.6 $286.3 $299.6 $309.1 $300.0 $250.0 $197.4 $120.0 $138.0 $151.3 $160.2 $171.3 $181.5 $189.4 $210.0 $200.0 $182.1 $165.6 $150.0 $79.0 $93.0 $99.5 $100.0 $41.1 $43.7 $48.3 $54.9 $57.0 $58.6 $61.0 $60.6 $61.8 $63.4 $63.4 $50.0 $45.4 $45.4 $49.7 $49.7 $51.8 $51.8 $54.4 $54.4 $56.3 $56.3 $55.3 $ Total State Appropriations Tuition & Fees Other Operation & Maint. Income 30% 27% 25% 25% 20% 22% 21% 20% 20% 19% 19% 18% 17% 10% 0% State Appropriations as % of Budgeted Operation & Maint. Income 9

10 10 Tuition - No Change $ 59 $ 106 $ 255 $ 255 In-District Out-of- District Out-of- State Non- Resident Resident Status

11 11 Proposal- Tax Rate Tax Rate Maintenance & Operation Increase (Decrease) ( )

12 12 Tax Rate Maintenance Fund ( Adopted) Effective Tax Rate Rollback Tax Rate Rate Revenue $23,187,526 $21,198,284 $33,837,485

13 Tarrant County College District HISTORICAL AD-VALOREM TAX RATES Fiscal Year Adopted Maintenance Fund Adopted Debt Service Adopted Total Effective Tax Rate Rollback Tax Rate Tax Revenue($M) Total

14 Proposed Operating Budget

15 15 Proposed Estimated Revenue Summary Revenue Proposed Increase (Decrease) State Appropriation 56,290,151 55,345,475 (944,676) Maintenance Tax 180,941, ,139,514 21,198,284 Credit Hour-Tuition 59,400,000 59,400,000 0 Community & Industry Education-Tuition Funded 2,600,000 2,600,000 0 Community & Industry Education-Tuition Non-Funded 1,400,000 1,400,000 0 Interest Income 2,436,000 1,250,000 (1,186,000) Other Income 1,000,000 1,650, ,000 Designated Reserve 5,000,000 5,000,000 0 Total Educational & General Income $309,067,381 $328,784,989 $19,717,608 Tax Revenue: Renewal & Replacements ,309,920 27,309,920 0 Total Educational Gen & CIP Income $336,377,301 $356,094,909 $19,717,608 Tax Revenue - Building Fund- 70 7,000,000 0 (7,000,000) Total Income $343,377,301 $356,094,909 $12,717,608

16 16 Proposed Estimated Increased Expenditures Summary % Salary Increase 4,719,000 Faculty 984,000 Staff 2,046,916 Operating 3,640,501 Faculty Promotion in Rank 31,200 Benefits 2,153,853 Community & State WorkStudy 107,640 Facility Leases 85,000 Election (100,000) Utilities (400,000) Strategic Priorities 6,449,498 Total Expenditures $19,717,608 Total Income $19,717,608

17 17 Proposal- Salary Increase 2.75% Salary Increase for all Employees

18 Salary Increase Comparison TACCBO Annual Conference - CFO Survey College Salary Increase Tuition Increase Tax Valuation Tax Rate Increase Dallas 3% 0% Up 7% Same M&O Lone Star 2% 0% Up 5% 0% Houston 2 to 3% 0% 3.20% + / - 1/2% (BOD) Alamo 3%* 0% Up 0% Tarrant 2 to 3% 0% Up Not Decided Austin 3% 0% Up 9% 0% San Jacinto 2% ** Up 0% Collin 4% 5% Up 0% *Average ** Out of district in

19 19 Salary Increases Preliminary/Proposed Salary Increases Tarrant County School Districts & Governmental Employers % 2.25% 2.50% To Be Determined To Be Determined 2-3% To Be Determined 3% 2%

20 20 Additional Benefit Consideration Employee Classification Total # Employees Currently Utilizing Benefit Additional Cost (from $150 to $200) Non-Exempt ,800 Exempt ,200 Total 1,120 $672,000 Increase in Benefit Contribution $150 $200

21 New request - CELT Requests Summary Budget Requests Summary Executive Vice Chancellor and Provost Totals FTE Executive Director of TCC Foundation Totals FTE 1. Operating $ 1,042, Operating $ 9, Non-Faculty $ 1,659, Non-Faculty 3. Faculty $ 984, Total $ 9, Total $ 3,686, VC for Real Estate and Facilities Totals FTE VC for Information Technology Totals FTE 1. Operating $ 439, Operating $ 1,866, Non-Faculty 2. Non-Faculty $ 260, Total $ 439, Total $ 2,126, VC for Administration and General Counsel Totals FTE VC for Communications and External Affairs Totals FTE 1. Operating $ 228, Operating $ 27, Non-Faculty 2. Non-Faculty $ 127, Total $ 228, Total $ 155, VC for Finance Totals FTE 1. Operating $ 11,500 District-Wide District Total FTE 2. Non-Faculty $ Operating $ 3,640,501 Total $ 11, Non-Faculty $ 2,046, Chancellor Totals FTE 3. Faculty $ 984, Operating $ 15,000 Total $ 15,000 District Total* $6,671,

22 22 Executive Vice Chancellor & Provost Personnel/Operating $984, Faculty Multiple Disciplines Supporting Principles Principle 1 Libraries becoming Learning Commons $1,659, Staff Transition from Grants to Full-Time Employment, Librarians, & Advisors $1,042,697 Increase in Operating Dollars Principle 3 Principle 4 Principle 8 Student Success Resources Classrooms becoming Integrated Instructional/Learning Environments Early College High Schools / Dual Credit

23 23 VC for Information Technology Personnel $260,000 4 Non-Faculty Establishing a project management office to support the entire district Supporting the execution of initiatives stemming from all 8 Principles Operating $1,866,030 ~50% of funds for district software maintenance increases ~50% to support security, academics, & student service needs Supporting day-to-day operations & the execution of initiatives stemming from all 8 Principles

24 24 Additional Requests VC Real Estate and Facilities $439,620 Custodial contract increase, maintenance & equipment increase Principle 6: Campus Character & Quality - Branding VC Administration & General Counsel $228,454 Insurance premiums & training to support Principle 4: Classrooms become Integrated Instructional/Learning Environment

25 25 Additional Requests VC Communications & External Affairs $127,597 2 Non-Faculty: Graphics and Marketing $27,800 Increase operating to support: Principle 6: Campus Character & Quality Branding VC Finance & Executive Director of TCC Foundation $20,900 Increase in operating Principle 3: Student Success Resources

26 Building and Renewal & Replacements Projects 26

27 Renewal & Replacement Fund 40 Project Description New Requests TRWF TABS 5,600,000 Feasibility/Planning District Wide 1,510,000 Design Only District Wide 1,040,000 Mechanical Electrical Plumbing Infrastructure 8,325,000 Furniture, Program Support, Roofing 3,551,000 South Campus Police Station 1,100,000 Other Projects 6,183,920 Totals FY17-18 Budget $27,309,920 27

28 Renewal & Replacement Fund 40 Ongoing Projects Project Description Amounts Energy Conservation 1,438,363 Furniture 308,305 Student Sticky Space 2,540,000 Mechanical Electrical Plumbing Infrastructure 7,895,364 Space Renovation 3,638,788 Safety Security 1,710,960 Other Projects (Contingency and Misc. Support) 996,696 $18,528,476

29 29 Building Projects (Fund 70) Building Fund NW Campus - Fire Truck Bldg. 750,000 NW New Building Planning 100,000 NW Alliance Hanger Planning 500,000 SE New Building Planning 750,000 Totals FY17-18 Budget $2,100,000 *To be funded by fund balance- Fund 70

30 Community College Comparison - Expenses Salaries Benefits Operations Total Education Expense Contact Hours Dallas 248,681,430 59,872, ,331, ,885,593 30,148,870 Lone Star 206,687,147 50,855, ,260, ,803,548 26,024,418 Houston 189,861,854 37,416, ,035, ,313,874 23,860,716 Alamo 171,013,964 51,928, ,795, ,737,542 20,151,719 Tarrant 169,877,079 51,029, ,845, ,751,998 18,700,696 Austin 179,075,835 39,400,822 70,693, ,170,201 14,515,997 South Texas 81,987,021 24,225,514 52,395, ,607,852 13,518,353 San Jacinto 99,130,684 26,425,574 71,231, ,787,625 12,532,876 Collin 83,769,847 17,415,870 43,879, ,064,941 11,605,690 El Paso** 85,053,751 21,415,037 53,693, ,161,892 10,388,913 TCC RANKING 6 th 3 rd 4 th 5 th 5 th *Highlighted Lines Indicates Districts Provide Social Security 30

31 31 Fund Balance Fund 10 Balances (in millions) $200,000,000 $150,000,000 $ M $ M $16.5 $ M $ M $13.9 $ M $22.6 $ M $17.0 $100,000,000 $50,000,000 $86.18 M $27.1 $4.1 $82.1 $86.2 $113.3 $129.8 $143.7 $109.6 $132.2 Estimated $ $34.2 ($50,000,000) Beginning Fd Bal Net Incr (Decr) End Fd Bal

32 Considerations

33 Budget Proposed Budget Increase / (Decrease) INCOME OPERATION & MAINTENANCE State Appropriations $ 56,290,151 18% $ 55,345,475 17% $ (944,676) Maintenance Tax: Operation & Maintenance 180,941,230 59% 202,139,514 61% 21,198,284 Tuition & Fees 63,400,000 20% 63,400,000 19% - Interest Income 1,000,000 0% 1,650,000 1% 650,000 Other Income 2,436,000 1% 1,250,000 0% (1,186,000) Designated Reserve 5,000,000 2% 5,000,000 2% - TOTAL OPERATION & MAINTENANCE 309,067, % 328,784, % 19,717,608 Tax Revenue: Renewal & Replacements 27,309,920 27,309,920 - Tax Revenue: Building Projects 7,000,000 - (7,000,000) TOTAL INCOME $ 343,377,301 $ 356,094,909 $ 12,717,608 EXPENDITURES OPERATION & MAINTENANCE Instruction $ 122,505,561 40% $ 128,361,267 39% $ 5,855,706 Academic Support 19,342,312 6% 19,221,390 6% (120,922) Student Services 23,087,759 7% 24,829,314 7% 1,741,555 General Administration 35,660,726 12% 38,824,737 12% 3,164,011 General Institutional Expense 25,213,137 8% 26,744,673 8% 1,531,536 Staff Benefits 36,820,000 12% 38,973,853 12% 2,153,853 Contingency: Other Operational 17,743,655 6% 23,075,892 7% 5,332,237 Physical Plant Operation 28,694,231 9% 28,753,863 9% 59,632 TOTAL OPERATION & MAINTENANCE 309,067, % 328,784, % 19,717,608 Renewal & Replacements 27,309,920 27,309,920 - Building Projects 7,000,000 - (7,000,000) TOTAL EXPENDITURES $ 343,377,301 $ 356,094,909 $ 12,717,608 OPERATIONAL BUDGET BY TYPE OF EXPENDITURES: Salaries $ 184,512,424 60% $ 192,292,146 58% $ 7,779,722 Staff Benefits 36,820,000 12% 38,973,853 12% 2,153,853 Fixed Charges 10,676,376 3% 10,397,330 3% (279,046) Operating Expenses 77,058,581 25% 87,121,660 27% 10,063,079 TOTAL $ 309,067, % $ 328,784, % $ 19,717,608 33

34 34 Consideration- Salary Increase 2.75% Salary Increase Consideration

35 35 Additional Benefit Consideration Employee Classification Total # Employees Currently Utilizing Benefit Additional Cost (from $150 to $200) Non-Exempt ,800 Exempt ,200 Total 1,120 $672,000 Increase in Benefit Contribution $150 $200

36 36 Consideration- Tuition Tuition No Change $59 $106 $255 $255 Resident Status In-District Out-of- District Out-of- State Non- Resident

37 37 Consideration Tax Rate $ M&O Tax -0- Debt Service Total Tax Rate

38 38 Questions Comments Discussion