PCC BUDGET FORUMS: FISCAL YEAR BUDGET OUTLOOK JANUARY 2018 PRESENTED BY: DR. DAVID BEA
|
|
- Buddy Richard
- 6 years ago
- Views:
Transcription
1 PCC BUDGET FORUMS: FISCAL YEAR BUDGET OUTLOOK JANUARY 2018 PRESENTED BY: DR. DAVID BEA
2 BOARD APPROVED STRATEGIC PRIORITIES College Strategic Plan Educational Master Plan (EMP) Facilities Master Plan (FMP) Diversity, Equity, and Inclusion Plan Strategic Enrollment Management Plan
3 AGENDA FY18 Budget Recap and Status FY19 Budget Development Financial Indicators Enrollment Update Revenue and Expenditures Projections Expenditure Limitation Projections Calendar and Communication Plan
4 SUMMARY OF FY18 BUDGET HIGHLIGHTS TOTAL RESOURCES: $246.1M GENERAL FUND: $153.1M Revenues Tuition: increase of $3.00 per credit hour Property Taxes: Primary Tax Rate: increase of 3.0% (to levy maximum) Secondary Tax Rate: $0.00 $0 State Aid for Operations or STEM Expenditures Salaries/Wages: increase of 2.5% for FY18 Debt Service: allocation of $3.6M for ~$45.0M in revenue bonds Reallocated in FY18 for Downtown Campus area property purchases Enrollment/Marketing Initiative: allocation of $500K Class/Comp Study: delayed Positions: elimination of 100 vacant staff FTE by year s end
5 BUDGET SCENARIOS Scenario A: Delay Impacts for Now with Larger Tuition Increases Small to no reductions for and Plan for $15 mil reduction in Continue to reduce via attrition Mitigate cost increases and Expenditure Limitation impacts with larger tuition increases No funding to implement EMP/FMP or other strategic changes until Large reduction pending due to Expenditure Limitation Scenario B: Rejuvenate the College Reduce current operations by $5 mil per year in each of next 3 years Identify programs for elimination and begin phasing out Reduce infrastructure/staffing Implement most of the first 5 years of the EMP/FMP Rely on GO Bonds for some EMP/FMP projects Scenario C: Revolutionize the College Reduce current operations by about $10 mil per year in each of next 3 years Identify programs for elimination and begin phasing out Eliminate at least one location Significantly reduce infrastructure/staffing Large and immediate investment in EMP/FMP Ensure future financial stability and ability to grow
6 FY18 GENERAL AND ACADEMIC FUND POSITIONS (AS OF NOVEMBER 13, 2017) Position Type Closed Vacant Filled Grand Total Administrators Faculty Staff Campus Total District Chancellor External Relations Finance/IT Facilities/Police HR Academic/Student Affairs Grand Total , ,278.6 Staff Positions On target to reduce 100 vacant FTE by start of FY19 Reduction of $6.0M in salaries ~40 more vacant FTE to be reduced by February 5
7 FINANCIAL INDICATORS DASHBOARD Key Color Level of Concern Direction Trend Indicator Red Significant Increase Orange Moderate Maintenance Green Minimal to No Decrease
8 FTSE FY PCC FTSE 30,000 25,000 20,000 19,027 20,611 20,425 20,393 19,993 19,807 20,222 20,889 22,021 22,907 22,028 19,514 17,963 15,000 16,458 15,382 14,779 10,000 5, Fiscal Year
9 PROJECTION: ACTUAL FTSE VS EXPENDITURE LIMITATION FTSE 30,000 25,000 20,000 15,000 10,000 5, Audited FTSE CTE Weight EL FTSE
10 Expenditure Limit (in $1,000s) EXPENDITURE LIMITATION PROJECTIONS 130, , , ,000 90,000 80,000 $10 mil $24 mil 70,000 We are Here 60, Fiscal Year Expenditure Limit Actual Expenses Typical Increases No Tuition Increases FY18 Plan
11 IN-STATE TUITION AND MANDATORY FEES PER CREDIT HOUR: AZ COMMUNITY COLLEGES, FY18 $ $ $ $ $90.00 $80.00 $70.00 $88.00 $87.00 $86.00 $86.00 $85.00 $83.00 $82.00 $82.00 $72.00 $60.00 $50.00 $40.00 $30.00 $20.00 $10.00 $0.00 Coconino Mohave Pima Maricopa Pinal Graham Yavapai Yuma/La Paz Cochise Navajo FY 2018 Fees Per Unit $0.00 $7.00 $5.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 FY 2018 Tuition Per Unit $ $81.00 $81.50 $86.00 $86.00 $85.00 $83.00 $82.00 $82.00 $72.00
12 Tuition per Credit Hour PEER COMPARISON - PER CREDIT HOUR PUBLISHED OUT-OF-STATE TUITION RATES (IPEDS DATA - IC2016_AY) $ $ $ For 2017, PCC had the 16th lowest out-of-state tuition rate among its Peers, AZ CCs, Aspen Winners & Peer City Colleges $ $ $ $-
13 Tuition per Credit Hour PEER COMPARISON - PER CREDIT HOUR PUBLISHED IN-STATE TUITION RATES (IPEDS DATA - IC2016_AY) $ $ $ $ For 2017, PCC had the 7th lowest in-state tuition rate rate among its Peers, AZ CCs, Aspen Winners & Peer City Colleges $ $50.00 $-
14 PROPERTY TAX RATES: AZ COMMUNITY COLLEGES, FY18 (RATES PER $100 NET ASSESSED VALUATION) $3.50 $ $3.00 $2.50 $ $ $ $2.00 $ $ $1.50 $ $ $ $1.00 $ $0.50 $0.00 Graham Yuma/La Paz Pinal Cochise Yavapai Navajo Maricopa Pima Mohave Coconino Secondary Tax Rate $- $ $ $- $ $- $ $- $- $ Primary Tax Rate $ $ $ $ $ $ $ $ $ $0.4816
15 FY19 REVENUE ESTIMATES Tuition & Fees Fall 2017 tuition is up by $600K, principally due to tuition increase Tuition Revenue based on enrollment is estimated to be flat for FY 2019 (will plan contingency for growth) Increase of $1.00 per credit to In-state/Resident tuition rate = $450K Property Tax 3 rd lowest Property Tax rate among AZ Community Colleges Pima County Property Valuation Growth Estimated to be 2.4% ($1.6M) 2% Property Tax Levy increase = $2.3M
16 FY19 REVENUE ESTIMATES (CONTINUED) Other revenue sources State Appropriations State budget provides $0 for PCC Contingency if STEM or other funding is appropriated Bookstore guaranteed annual minimum commission decreased from $1.25M to $0.7M Santa Cruz County Provisional Community College District Potential new revenue streams & return on investment projects Passport services Space leases PCard/Concur Financial Aid CampusLogic for FAFSA verification
17 FY19 EXPENDITURE ESTIMATES Contractual Obligations, +$250K Systems Maintenance and Licenses Utilities Debt Service Other Contractual Services Strategic Priorities, +$2.0M Capital Operations Personnel expenses, TBD Salaries and Wages Benefits
18 FY19 EXPENDITURE PRIORITIES: STRATEGIC PRIORITIES EMP/FMP: Centers of Excellence Diversity Initiatives PCC Foundation Classroom Funding Model Faculty Leadership Adjunct Faculty Funding Allocation Scheduling Software Financial Aid Verification Automation Catalog and Curriculum Management System
19 SUMMARY OF THE REVENUE BONDS PROCESS Month Activity October 2017 Applied Technology and Allied Health Summits RFP for Financial Advisor issued November 2017 First Responder EMT/PSESI Summit RFP for Financial Advisor closed December 2017 RFP Committee reviews proposals from prospective Financial Advisors January 2018 Select Financial Advisor February 2018 Computer Technology Summit Work with Financial Advisor to select Bond Counsel and Underwriter Begin to Compile information for Official Statement March 2018 Fine Arts Summit Meet with key legislators and other constituents about projects April 2018 Meet with key legislators and other constituents about projects May 2018 Board Approval of Authorizing Resolution for Revenue Bonds Preliminary Official Statement and Legal Documents to Rating Agency Conference call with ratings agency Joint Committee on Capital Review (JCCR) of bond financed projects Bond ratings and bond insurance bids received June 2018 Pricing of bonds Draft closing documents July 2018 Closing and delivery of the bonds
20 FY19 EXPENDITURE PRIORITIES: PERSONNEL Continued Position Reductions Employee Benefits: No cost increase expected for medical/pharmacy Increase to contributions for ASRS (from 11.50% to 11.80%) Salary Options: Remove 2.5% increase: $2.3M reduction in wages Continue 2.5% increase (temporary for FY19 or permanent) Additional increase: approximately $1.0M per 1.0% increase in regular staff, faculty, and administrator salaries and wages
21 BUDGET CRITERIA Resources will be allocated to ensure the success of the College s priorities as outlined in our Missions, Goals, and Strategic Plans All regulatory and compliance requirements will continue to be met and funded All programs and services will be evaluated in terms of their benefits, costs, relevancy, and impact to our students, and external community, including businesses and transfer institutions Underperforming areas, once identified, should be modified or eliminated As new needs arise, funds will be needed for new programs and services
22 BUDGET CRITERIA (CONTINUED) Human resources should be optimally assigned throughout the district In-house talent, retraining, and cross training may be considered before external hiring occurs Unit functionality and efficiency will be promoted, meaning that employee assignments correspond to real needs, student enrollment, and organizational demands All services need not be offered at all locations Physical assets will be optimally utilized throughout the district Return on investment, process efficiency, and income-generating initiatives need to be explored in order to continuously improve and adapt
23 FY19 BUDGET DEVELOPMENT CALENDAR December 2017 February 5, 2018 February 7, 2018 March 7, 2018 April 11, 2018 May 9, 2018 Activity Governing Board Study Session to discuss the budget outlook and acquire Board direction on potential scenarios and/or key parameters Governing Board Study Session to review the budget model and scenarios based on Board feedback at the December Study Session Governing Board Meeting to review and approve course fees for Academic Year Governing Board Meeting to review and potentially approve: Employee Benefits; Tuition and Fees; Capital Budget Project List; Salaries and Wages; Budget Priorities; and Proposed Primary Tax Rate and Levy Governing Board Meeting to review the proposed Fiscal Year budget and approve the Publication of Proposed Budget and, if required, Truth in Taxation Notification Public Hearing and Special Board Meeting to set tax levies and rates and adopt the Fiscal Year budget
24 BUDGET MODEL
25 BUDGET COMMUNICATION PLAN 11/03/17: Budget Development calendar reviewed with the Finance and Audit Committee 11/07/17: Discussion with the ELT regarding the FY19 budget outlook 11/08/17: Budget Development calendar submitted to the Governing Board 11/16/17: Discussion with Student Leadership regarding the FY19 budget outlook 12/04/17: Governing Board Study Session, held in conjunction with the Finance and Audit Committee, to review the FY19 budget outlook and discuss parameters for the February/March Study Session January: Numbers newsletter to PimaAll in advance of budget presentations district-wide January: Budget presentations to faculty, staff, administrators, students, and community members Ongoing: Collaboration with the Finance and Audit Committee
26 FEBRUARY 5, 2018 STUDY SESSION Parameters to be addressed in the budget model at the next Board Study Session: Revenues Tuition/enrollment Property taxes Alternate revenue streams Expenditures Salaries Position reductions EL reduction ($0-10M) plans Additional cuts to balance the budget Capital expenses/bonds projects
27 RESOURCES February 2017 Expenditure Limitation presentation to the Governing Board June 2017 Adoption of Tax Levies and Rates and Budget for FY18 FY18 General Fund Budget Detail November 2017 Report to the Governing Board Proposed FY19 Budget Calendar November 2017 Preliminary Budget Presentation to Student Leadership Budget Criteria
28 FEEDBACK Please click here to provide feedback on this presentation and/or the College s budget.
Fiscal Year 2018 Proposed Budget
Fiscal Year 2018 Proposed Budget Governing Board Meeting May 10, 2017 Presenter: David Bea, Ph.D. Foundational Elements to the Fiscal Year 2018 Proposed Budget Stewardship and Financial Health Indicators
More informationPublic Hearing. Truth in Taxation Notice of Tax increase Adoption of Fiscal Year 2016 Proposed Budget Board of Governor s Meeting June 10, 2015
Finance and and Administration Public Hearing Truth in Taxation Notice of Tax increase Adoption of Fiscal Year 2016 Proposed Budget Board of Governor s Meeting June 10, 2015 David Bea, Ph.D. Finance and
More informationBoard of Governors Meeting June 12, 2013
Board of Governors Meeting June 12, 2013 May 8: Present the proposed budget for Board approval to publish according to statutory guidelines. May 24: Publish the proposed budget and first Truth in Taxation
More informationBudget Scenario Planning FY2018 FY2020 December 14, Presenter: David Bea, Ph.D. Facilitator: Anthony U. Martinez, J.D.
Budget Scenario Planning FY2018 FY2020 December 14, 2016 Presenter: David Bea, Ph.D. Facilitator: Anthony U. Martinez, J.D. Overview of Study Session Foundational information Budget scenarios Questions
More informationBoard of Governors May 2013
Board of Governors May 2013 May 8: Present the proposed budget for Board approval to publish according to statutory guidelines. May 24: Publish the proposed budget and first Truth in Taxation notice in
More informationFiscal Year Proposed Budget: Strategic Renewal
Fiscal Year 2014 2015 Proposed Budget: Strategic Renewal Board of Governor s Meeting Presented by David Bea, Ph.D. May 14, 2014 Dan Suzio / Photo Researchers / Universal Images Group Saguaro blooming (Carnegiea
More informationFiscal Year Budget Planning & Outlook
Fiscal Year 2016-2017 Budget Planning & Outlook David Bea Executive Vice Chancellor for Finance and Administration Spring 2016 Major Factors Impacting Budget No State Appropriations Continued Enrollment
More informationPUBLIC HEARING FOR PROPOSED BUDGET
Budget Public Hearing Agenda Item 2 May 16, 2017 PUBLIC HEARING FOR 2017-18 PROPOSED BUDGET Summary: The approved preliminary budget was posted on the NPC website after the April 18, 2017 regular District
More informationBUDGET INTRODUCTORY ANALYSIS
Regular Meeting Agenda Item 7C February 19, 2013 No Action 2013-14 BUDGET INTRODUCTORY ANALYSIS Summary: GENERAL FUND REVENUE TRENDS Overall revenues are expected to remain flat compared to current fiscal
More information} Proposition 109 created expenditure limitations for school districts and community college districts
} In 1980, Senate Concurrent Resolution 1001 established 10 propositions to amend Article IX, Section 21 of the Arizona Constitution to generally restrict debt and taxation rules for local agencies } Proposition
More informationFY 2009 Budget Review: Arizona Community College Districts. Justin Olson Research Analyst
FY 2009 Budget Review: Arizona Community College Districts Justin Olson Research Analyst Introduction In an effort to promote transparent use of taxpayer dollars, as well as compliance with budget and
More informationComprehensive Annual Financial Report Fiscal Year Ended June 30, 2015
Finance and and Administration Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2015 Board of Governors Meeting February 17, 2016 Presented by: David Bea Executive Vice Chancellor for Finance
More informationHIGHER LEARNING COMMISSION FINANCIAL RATIO UPDATE
Regular Meeting Agenda Item 7B June 21, 2016 Information Only HIGHER LEARNING COMMISSION FINANCIAL RATIO UPDATE Summary: The Higher Learning Commission (HLC) uses specific financial ratios to track institutional
More informationHIGHER LEARNING COMMISSION FINANCIAL RATIO UPDATE
Regular Meeting Agenda Item 7C May 16, 2017 Informational Item HIGHER LEARNING COMMISSION FINANCIAL RATIO UPDATE Summary: The Higher Learning Commission (HLC) uses specific financial ratios to track institutional
More informationARIZONA TAX RESEARCH ASSOCIATION
The taxpayer s watchdog for over 70 years ARIZONA TAX RESEARCH ASSOCIATION VOLUME 73 NUMBER 5 Arizona at Bottom of Property Tax Roller Coaster For the better part of the last decade, Arizona State and
More informationApproved. Budget. J u n e 9,
Approved Budget 2015 2016 J u n e 9, 2 0 1 5 Cochise County Community College District Cochise College Budget for Fiscal Year 2016 June 9, 2015 TABLE OF CONTENTS Truth in Taxation and Budget Calendars
More informationComprehensive Annual Financial Report Fiscal Year Ended June 30, 2016
Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2016 Governing Board Meeting February 8, 2017 Presented by: David Bea, Ph.D. Overview - Comprehensive Annual Financial Report (CAFR) Includes
More informationCOMPLETE BUDGET ANALYSIS
Regular Meeting Agenda Item 7A April 16, 2013 No Action 2013-14 COMPLETE BUDGET ANALYSIS Summary: The 2013-14 budget development process continues on target. The current budget calendar and the Board approved
More informationWelcome to the Spring 2018 Budget Forum! Hosted by the President s Budget Advisory Committee
Welcome to the Spring 2018 Budget Forum! Hosted by the President s Budget Advisory Committee Campus Budget Spring 2018 Budget Forum Sonoma State University March 13, 2018 Budget Basics About My Unit Laura
More informationMequon-Thiensville School District Releases Administrative Action Plan
Please direct inquiries to: Dr. Demond Means, Superintendent (262) 238-8502 dmeans@mtsd.k12.wi.us FOR IMMEDIATE RELEASE: October 29, 2012 Mequon-Thiensville School District Releases Administrative MEQUON,
More informationHostos Community College Budget Process
Hostos Community College Budget Process Note: The following is largely excerpted from the 2017 MSCHE Periodic Review Report The Budget Components and Financial Planning Process The primary source of annual
More informationREVIEW of BUDGET ASSUMPTIONS AND GUIDELINES
Regular Meeting Agenda Item 7D November 17, 2015 Information Only REVIEW of 2016-17 BUDGET ASSUMPTIONS AND GUIDELINES Information Item: Staff will review preliminary budget assumptions and guidelines for
More informationMONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING
MONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: _11/20/18 Item Number Item Title Responsible Agents Budget
More informationCATEGORY 8 PLANNING CONTINUOUS IMPROVEMENT
INTRODUCTION The College s processes related to Planning Continuous Improvement are very mature. JC s key planning processes are aligned. Clear processes are in place for strategic planning and the College
More informationMONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING
MONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: _1/22/19 Item Number Item Title Responsible Agents Budget
More informationMaricopa Financial Plan
ChandlerGilbert Estrella Mountain GateWay Glendale Mesa Phoenix Paradise Valley Rio Salado Scottsdale South Mountain Maricopa Financial Plan Fiscal Years 19992013 Table of Contents Introduction and Summary
More informationMONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING
MONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: 8/14/2018 Item Number Item Title Responsible Agents Budget
More informationThe Criterion Two Team found that Estrella Mountain has demonstrated effective organization of its financial resources through the following
99 SECTION C - FINANCIAL RESOURCES OVERVIEW The Criterion Two Team found that Estrella Mountain has demonstrated effective organization of its financial resources through the following findings. The existence
More informationApproved by the District Governing Board June 9, Approved BUDGET
Approved by the District Governing Board June 9, 2014 Approved BUDGET 2014 2015 June 9, 2014 TABLE OF CONTENTS Budget Calendar.... Summary of Budget Data Schedule A...... District Levy Assumption..........
More informationAdopted. by the District Governing Board June 18, Adopted BUDGET
Adopted by the District Governing Board June 18, 2015 Adopted BUDGET 2015 2016 June 18, 2015 TABLE OF CONTENTS Budget Calendar.... Summary of Budget Data Schedule A...... District Levy Assumption..........
More informationProposed BUDGET. Presented to the District Governing Board May 22, 2018
Proposed BUDGET 2018 2019 Presented to the District Governing Board May 22, 2018 May 22, 2018 TABLE OF CONTENTS Budget Calendar.... Summary of Budget Data - Schedule A...... District Levy Assumption..........
More informationNew Jersey Institute of Technology
New Jersey Institute of Technology FY18 Budget Status Report and FY19 Budget Development Status Presented to the Joint Session of the Strategic Planning Steering Committee and Committee on Academic Strategic
More informationJune 18, 2018 Lansing Community College Fiscal Year 2019 Proposed Budget Narrative. Introduction
June 18, 2018 Lansing Community College Fiscal Year 2019 Proposed Narrative Introduction The FY2019 process started in December 2017 when the Financial Services division invited all college employees to
More informationBUDGET ALLOCATION PROCESS University Administrators Forum February 6, 2013
DIVISION OF BUSINESS AND FINANCE BUDGET ALLOCATION PROCESS University Administrators Forum February 6, 2013 North Carolina Agricultural and Technical State University Presentation Outline Budget Overview
More informationFY 2015 BUDGET REVIEW
FY 2015 BUDGET REVIEW Arizona Counties Cochise County, AZ ARIZONA TAX RESEARCH ASSOCIATION Jennifer Stielow Vice President Table of Contents Introduction ------------------------------------------------------------------------------------------------------------3
More information$(48,525,600) $(5,574,700) $(54,100,300)
Budget reductions, cost increases Permanent One-Time Total Campus share of $571.1M $(44,076,600) $(44,076,600) Campus share of $77.5M $ (5,574,700) (5,574,700) Mandatory costs increases (2,101,700) (2,101,700)
More informationMemo. County Officials From: CSA Staff Date: May 5, 2017 Subject: County Revenue & Expenditure Projections for FY
Memo To: County Officials From: CSA Staff Date: May 5, 2017 Subject: County Revenue & Expenditure Projections for FY2017-2018 Provided below are the projections of major federal and state revenue streams,
More informationArizona Tax 101. Arizona Tax Research Association Outlook Conference. Kevin McCarthy. President, ATRA. Steve Barela
Arizona Tax 101 2010 Outlook Conference Kevin McCarthy President, ATRA Steve Barela State & Local Tax Manager, Arizona Public Service Barb Dickerson Multi-State & Local Tax Manager, Deloitte Tax, L.L.P.
More informationGov s Proposed Budget
May 10, 2012 Gov s Proposed 2012-13 Budget Jan 05, 2012 Addressed $9.2b budget deficit Depends on successful November 2012 initiative on temporary tax increases No change to CSU budget if initiative passes
More informationUMass Lowell A Strategic Plan for the Next Decade. Committee on Financial Planning & Budget Review Organizational Meeting
UMass Lowell 2020 A Strategic Plan for the Next Decade Committee on Financial Planning & Budget Review Organizational Meeting March 6, 2009 Agenda Summary of Committee Charge Budget Planning Context Overview
More informationBudget Reform Update. Paul Ellinger, Associate Chancellor & Vice Provost Budget and Resource Planning
Budget Reform Update Paul Ellinger, Associate Chancellor & Vice Provost Budget and Resource Planning February 2018 Outline Brief budget model overview Communication plan Principles Major components Timeline
More informationLeadership Steering Committee Report
Leadership Steering Committee Report Response to Administrative Review of Texas A&M University conducted by PwC The starting point The PwC report recognizes that Texas A&M University is already highly
More informationNew Mexico Highlands University Annual Operating Budget Process. approved Fall 2016
New Mexico Highlands University Annual Operating Budget Process approved Fall 2016 Appendix I added Spring 2017 2 Table of Contents Introduction... 3 NMHU Budget Values and the NMHU Strategic Plan... 4
More informationMONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING
MONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: 5/22/2018 Item Number Item Title Responsible Agents Budget
More informationPresented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research (415)
Arizona Economic Overview May 2, 2012 Presented by: Shayna Olesiuk, Regional Manager, FDIC Division of Insurance and Research SOlesiuk@fdic.gov (415) 808-7962 The views expressed are those of the presenter
More informationApproval of Fiscal Year 2019 Operating Budget UM
Approval of Fiscal Year 2019 Operating Budget UM The Board will review the Fiscal Year 2019 University of Missouri System budget for approval at the meeting. The FY 19 all funds revenue budget is $3.2
More informationBoard Budget Workshop III
Board Budget Workshop III AUGUST 10, 2017 1 2 Agenda Visioning Process Components of the Budget Proposed Operating Budget Considerations Questions - Comments - Discussion 3 Visioning Process 2017-2018
More informationDean s RCM Workshops January 2015
Dean s RCM Workshops January 2015 Agenda General overview of RCM Overview of the model and college budget composition Education s view of RCM Engineering s view of RCM Group Activity: Scenarios 2 General
More informationI. Background. Budget Advisory Council
Office of the Vice President for Finance & Business Operations 330.941.1331 Fax 330.941.1380 University Budget Process Updated 1/17/18 I. Background Youngstown State University s annual operating budget
More informationCOMMITTEE ON FINANCIAL AFFAIRS. Board of Visitors. September 15, 2017
COMMITTEE ON FINANCIAL AFFAIRS Board of Visitors September 15, 2017 2018-24 SIX YEAR PLAN RESOLUTION 14 2 2018-24 SIX-YEAR PLAN PROCESS Required by the 2011 Higher Education Opportunity Act Submitted in
More informationMONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING
MONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: 3/27/2018 Item Number Item Title Responsible Agents Budget
More informationFY 2019 Budget Development Subcommittee Consensus Budget Balancing Items
FY 2019 Budget Development Subcommittee Consensus Budget Balancing Items Planning Projection, March 8, 2018 ($ 5,904,500) UPDATES, ADDITIONS & CORRECTIONS Tuition HEPI Update/Correction $ 430,000 The 2017
More informationNew Jersey Institute of Technology
New Jersey Institute of Technology Budget Presentation to the Faculty Senate FY17 Budget Highlights FY17 Budget Status Status of Business Process Improvements Budget Development Calendar November 10, 2016
More informationOffice of the Provost University of Illinois at Urbana-Champaign. 3 February 2016
Office of the Provost University of Illinois at Urbana-Champaign BUDGET REPORT GUIDANCE FOR FY17: CTE, DRES, I 3, KAM, KCPA, SPURLOCK, UNIVERSITY LIBRARY, LAW LIBRARY 3 February 2016 The campus finds itself
More informationApprovals/Certifications
MONITORING REPORT POLICY TYPE: CHANCELLOR LIMITATIONS POLICY TITLE: FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: 11/28/17 ITEM NUMBER ITEM TITLE
More informationTown Hall Meetings. Budget Update and Planning. May 6, 2009
Town Hall Meetings Budget Update and Planning May 6, 2009 Agenda FY 09 Status Budget Development Events FY 10-13 Strategy FY 10-13 Projection Reports by Area Academic Affairs Student Life & Development
More informationBasis of Accounting and Budgeting, and Fund Descriptions
Basis of Accounting and ing, and Fund Descriptions The accounting policies of William Rainey Harper College Community District No. 512 (the College) conform to generally accepted accounting principles
More informationPeralta Planning and Budgeting Integration (PBI) Model. OVERVIEW (August 6, 2009)
Peralta Planning and Budgeting Integration (PBI) Model OVERVIEW (August 6, 2009) On August 3, 2009, Chancellor Harris issued Administrative Procedure 2.20 to implement the Planning and Budgeting Integration
More informationBudget Draft Dated: 3/1/18 William Hogan, Deputy Superintendent of Business and Finance. Revised
2018-2019 Budget Draft Dated: 3/1/18 William Hogan, Deputy Superintendent of Business and Finance Revised Agenda Budget Calendar Stakeholder Expectations District Vision, Mission, and Goals Budget Priorities
More informationASL Budget Forum. May 8, 2017
ASL Budget Forum May 8, 2017 Today s Agenda Final model (changes) Governance Philosophy Current Governance Structure New Governance Structure Model Changes Changes since Winter Forums Revenue estimates
More informationFinancial Management Guidelines and Procedures
The financial position and future of the Colorado School of Mines is dependent on several variables including enrollment, research growth, changes in industry demand, and competing institutions at the
More informationFour Components: 1. Revenue Model 2. Cost Structure 3. Margin Model 4. Resource Velocity
Four Components: 1. Revenue Model 2. Cost Structure 3. Margin Model 4. Resource Velocity } Property Tax } State Aid } Tuition and Fees } Other Revenues Contracts Grants Auxiliary Miscellaneous Money. Photography.
More informationOPERATING BUDGET INSTRUCTIONS AND TIMELINE FISCAL YEAR
OPERATING BUDGET INSTRUCTIONS AND TIMELINE FISCAL YEAR 2016-17 Updated: September, 2015 Table of Contents 2016-17 Operating Budget Timeline... 1 2016-17 Operating Budget Overview & Assumptions... 1 Funding
More informationTown Hall: FY18 Final Budget. Grand Salon Monday, September 25, :00 am
Town Hall: FY18 Final Budget Grand Salon Monday, September 25, 2017 10:00 am Agenda 1. 2017/18 Approved Budget (System-wide and campus-level overview) 2. Strategic Initiatives Steering Committee 3. 2018/19
More informationEastern Kentucky University
Eastern Kentucky University Budget Advisory Committee January 2018 Advisory Committee Charge: This committee was charged with developing recommendations to the President's Council that will address financial
More informationBudget Overview Daniel G. Lowengard, Interim Superintendent of Schools Everton Sewell, Chief Financial Officer March 19,
Budget Overview 2019-2020 Daniel G. Lowengard, Interim Superintendent of Schools Everton Sewell, Chief Financial Officer March 19, 2019 1 Our Mission The mission of the Rochester City School District is
More informationCOLLEGE OF DUPAGE FY2015 Budget Summary
COLLEGE OF DUPAGE FY2015 Budget Summary May 22, 2014 Prepared by: Thomas J. Glaser, Senior Vice President Administration & Treasurer Lynn M. Sapyta, AVP Financial Affairs/Controller David P. Virgilio,
More informationUW-Platteville Pioneer Budget Model
UW-Platteville Pioneer Budget Model This document is intended to provide a comprehensive overview of the UW-Platteville s budget model. Specifically, this document will cover the following topics: Model
More informationYavapai College FY Preliminary Budget Overview
Yavapai College FY2018-19 Preliminary Budget Overview Presented to the Yavapai College District Governing Board April 2018 Budget A budget is a list of all planned revenues and expenses. Yavapai College
More informationPresentation to the District Budget Advisory Committee December 8, Presented by: Andy Dunn Vice Chancellor Finance & Administrative Services
Presentation to the District Budget Advisory Committee December 8, 2011 Presented by: Andy Dunn Vice Chancellor Finance & Administrative Services Areas of Discussion What Informs Coast s Institutional
More informationBUDGET PREPARATION PROCESS. Board Financial Guidelines and Policies. Balanced Budget
BUDGET PREPARATION PROCESS Board Financial Guidelines and Policies Balanced The Board shall strive to maintain a balanced budget in the Tax-Capped Funds, which consist of the Education Fund, Operations
More informationMONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING
MONITORING REPORT CHANCELLOR LIMITATIONS FINANCIAL CONDITION AND ACTIVITIES; FINANCIAL PLANNING AND BUDGETING Governing Board Agenda Meeting Date: 5/1/2018 Item Number Item Title Responsible Agents Budget
More informationBudget Planning Update. Academic and Business Administrators
Budget Planning Update Academic and Business Administrators March 5, 2013 Budget Planning Updates State and UC Budget UCSD Budget and Planning Sources & Uses Budget Planning Process for 2013/14 Assumptions
More informationPresented to the Board of Trustees
Presented to the Board of Trustees 0 July 5, 2016 CSPP Budget Decision-Making Principles & Process The budget planning and development will be guided by the following Board of Trustees approved resource
More informationUH-Downtown Budget. Other Operating, $4.8, 3% Contracts & Grants*, $38.7, 22% Endowment / Gifts, $2.9, 2% HEAF, $11.7, 6% Total $179.
FY2017 UH-Downtown Budget Operating Budget Source of Funds Other Operating, $4.8, 3% Operating Budget Use of Funds Total Budget $ Millions Operating Budget $ 179.1 Capital Facilities 6.0 Total $ 185.1
More informationBudget Discussion March 5, 2015
2015-2016 Budget Discussion March 5, 2015 Dr. Marguerite Vanden Wyngaard, Superintendent William Hogan, Assistant Superintendent for Business Affairs 1 Agenda Budget Calendar Budget Challenges and Update
More informationOPERATING BUDGET INSTRUCTIONS AND TIMELINE FISCAL YEAR
OPERATING BUDGET INSTRUCTIONS AND TIMELINE FISCAL YEAR 2018-19 Updated: September, 2017 Table of Contents 2018-19 Operating Budget Timeline... 1 2018-19 Operating Budget Overview & Assumptions... 2 Funding
More informationTruth in Taxation GCC Budget
Truth in Taxation 2018-2019 GCC Budget BACKGROUND INFORMATION The proposed 2018-2019 property tax levy increase will be presented in June for approval by roll call vote in accord with requirements of ARS
More informationFlathead Valley Community College
Flathead Valley Community College All Funds Summary Grand Total Unrestricted Expenses Main Total Unrestricted Expenses Instruction Academic Support Student Services Institutional Support Operation & Maintenance
More informationTHE COLLEGE OF NEW JERSEY STRATEGIC BUDGET PLANNING FISCAL YEAR 2015
THE COLLEGE OF NEW JERSEY STRATEGIC BUDGET PLANNING FISCAL YEAR 2015 Committee on Strategic Planning and Priorities (CSPP) Budget Decision-Making Principles and Process Approved by the Board of Trustees
More informationPRBC Budget Update April 29, Willie J. Hagan Vice President for Administration and Finance/CFO
PRBC Budget Update April 29, 2011 Willie J. Hagan Vice President for Administration and Finance/CFO First, We Have To Lock All The Doors and Hide All The Children This will be Painful! Agenda Quick Reminder
More informationFY 2011 BUDGET (MAY 5, 2010)
Approved by Chancellor Spakes May 11, 2010 FY 2011 BUDGET (MAY 5, 2010) INTRODUCTION Taking into account a constrained resource environment, the FY 2011 budget recommendation supports the mission of the
More informationWe produced the Strategic Planning Process (SPP) using the following design principles:
I. Introduction The strategic planning process guides the district in integrating planning, budgeting and evaluation processes that result in the district achieving its goals as set forth in the vision
More informationSequoias Community College District RESOURCE
RESOURCE A L L O C AT I O N Sequoias Community College District College of the Sequoias 2013 Resource Allocation Manual College of the Sequoias Community College District Visalia Campus 915 S. Mooney Blvd.
More informationI. INTRODUCTION II. ROLES & RESPONSIBILITIES
Page 1 I. INTRODUCTION The District implements a broad-based comprehensive and integrated planning system that is a foundation for strategic directions and resource allocation decisions. The Superintendent/President
More informationUW-STOUT Annual Operating Budget Process
UW-STOUT Annual Operating Budget Process An institution s budget process is shaped by institutional character; institutional size; administrative sophistication; faculty governance structures and processes;
More informationErica Bowers, Ed.D. Chair, Planning, Resource, and Budget Committee (PRBC)
MEMORANDUM Date: May 5, 2016 To: From: Mildred García, Ed.D. University President Erica Bowers, Ed.D. Chair, Planning, Resource, and Budget Committee (PRBC) Subject: PRBC Recommendations for FY 2016-17
More informationARIZONA TAX RESEARCH ASSOCIATION
The taxpayer s watchdog for over 60 years NEWSLETTER VOLUME 63 NUMBER 1 ATRA s 2003 LEGISLATIVE PROGRAM ATRA s Board of Directors announced its legislative program at its January meeting. Undoubtedly,
More informationReceipts & Expenditures
Receipts & Expenditures 2009-10 Annual Report Receipts & Expenditures Annual Report Table of Contents Statements: Page 1 State Highway Fund...1 2 Aviation Fund...2 3 Maricopa County Regional Area Road
More informationFiscal State of the University. Presentation to the Academic Senate
Fiscal State of the University Presentation to the Academic Senate November 21, 2013 Administration and Finance Budget Planning and Administration Agenda FY 2013-14 Budget Update University Strategic Plan
More informationEmployee Budget Workshop
2015-2016 Employee Budget Workshop July 20, 2015 ANNOUNCEMENTS Fall 2015 Convocation When: Friday, August 21, 2015 at 8:30 a.m. Where: Fine Arts Hall BUDGET PLANNING WITH RESPECT for Students Employees
More informationGeneral Faculty Meeting January Brigham Young University Idaho
General Faculty Meeting January 2012 2008 Brigham Young University Idaho Q U A L I T Y I M P E R A T I V E H I G H I M P A C T P R A C T I C E S Learner Centered Curriculum Faculty & Employee Development
More informationTruth in Taxation GCC Budget
Truth in Taxation 2017-2018 GCC Budget BACKGROUND INFORMATION The proposed 2017-2018 property tax levy increase will be presented in June for approval by roll call vote in accord with requirements of ARS
More information21 st Century Budgeting April 29, ICCCFO Spring Conference
21 st Century Budgeting April 29, 2016 2016 ICCCFO Spring Conference Matt Bubness GFOA Senior Manager 312-578-2267 (mbubness@gfoa.org) John Fishbein GFOA Senior Program Manager 312-578-2268 (jfishbein@gfoa.org)
More informationBudget Development
2017 18 Budget Development March 6, 2017 Board Meeting Overview Debt Service Fund Tax Ratification Election Proposed compensation adjustments General pay increase Equity adjustments Stipend changes Duty
More informationBUSINESS AND FINANCIAL AFFAIRS DIVISION BUDGET OFFICE
Six-Year Planning: Initiative Summary Title: Implement More Effective and Efficient Budget Tools Initiative description, including statement of purpose and anticipated outcomes: The purpose of this initiative
More informationBUDGET REPORT GUIDANCE FOR FY19: ACTIVITY-BASED UNITS
Office of the Provost University of Illinois at Urbana-Champaign BUDGET REPORT GUIDANCE FOR FY19: ACTIVITY-BASED UNITS 3 November 2017 The State of Illinois recent budget impasse ended in July 2017. Allocations
More informationFY18 Budget & Planning Process. February 10 & 16, 2017
FY18 Budget & Planning Process February 10 & 16, 2017 Budget & Planning Cycle Budget Cycle Financial Outlook Planning & Budget Process Questions to consider New PRC Model Organizational Structure Review
More informationTHE BUDGET AT NC STATE How big is the pie?
THE BUDGET AT NC STATE How big is the pie? Randy Woodson, Chancellor Warwick A. Arden, Interim Provost and Executive Vice Chancellor Charlie Leffler, Vice Chancellor for Finance and Business NC State University
More informationWESTERN ILLINOIS UNIVERSITY BOARD OF TRUSTEES September 28, 2018
WESTERN ILLINOIS UNIVERSITY BOARD OF TRUSTEES September 28, 2018 Resolution No. 18.9/3 FY2019 All-Funds Budget Resolution: WHEREAS must prepare an annual all-funds budget for Appropriated Funds, University
More information