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SCC Funding Resources

Fiscal Year 2007-08December 2007

Information based on LRCCD 2007-08 Proposed Budget for Adoption

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“A fund is a self-balancing set of accounts recording cash and other financial resources,

together with all related liabilities and residual equities or balances, …which are segregated for the purpose of carrying on specific activities or obtaining certain objectives in accordance with special regulations, restrictions or limitations. Funds are separated to identify revenues and

expenditures with common purposes and activities.”

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Fund Types• District General Fund (GENFD):

– Fund 11: Unrestricted General Fund– Fund 12: Restricted General Fund

• Campus Funds:– SCOSC: Extended General Fund– Fund 13: Instructionally Related/Special Activities– Fund 14: Other Instructionally Related Programs (Trust)– BANSC: Agency– Fund 71: Associated Student Government– Fund 72: Student Representation Fees– Fund 81: Student Clubs & Agency– Fund 83: SCC Foundation

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District General Fund

Funds 11 & 12

Utilized to account for the basic educational programs and ordinary operations of the college

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Fund 11Unrestricted General Fund

• College Discretionary Fund, Block Grant

– Unrestricted portion of the district’s general fund

– Primary funding source; supports all divisions and administrative areas

– Formula driven, in part

• Substantial portion of funding recommended by the budget committee

– Due to timing of allocations, current year funding is used to plan next Fiscal Year

– Mid year updates through the Budget Committee

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SCC Fund 11

$49,630,648

$6,418,622

Operating Funds Salaries & Benefits

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SCC Fund 11 Operating Funds

$2,803,189

$721,634

$300,720$12,000

$1,944,798

$61,180

$501,501

$73,600

College Discretionary Fund (CDF) Program For Excellence (PFE) College Related Activities

Grant Matching Funds Utilities Institutional Support Costs

Community Service Telecommunications

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Fund 12Restricted General Fund

• Categorical programs, Special Projects, Grants– Expenditures restricted by law, regulation,

external agencies, etc. • Funding levels determined by external agencies

– Timelines and restrictions defined in program plans

– Matching sometimes required

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SCC Fund 12 Programs - $10,358,624

$754,724

858,054

1,181,438

949,568

1,632,520

623,438

120,522300,000

412,675164,573

745,650162,500

679,529

205,000

274,991

498,856

332,962

173,400

287,864

Programs Under $100K

VTEA

Matriculation

DSPS

EOPS

CalWORKS

TANF

DS-VTEA Health

Federal Work Study

Workability III

CARE

BFAP

Statewide Health

Restricted Lottery

ATT

WIA Nursing

CAHSEE

HOPE

Gates Foundation

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SCOSC Campus Funds

• Fund 13 and Fund 14

• Extensions of the general fund

• Subject to the same regulations as district general fund

• All revenue generated by the college

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Fund 13Instructionally Related

(extended general fund)

• IR/EEP– Supports extra-curricular, student centered and student

focused activities– Derived from College Store profit ($200K)

• Special Activities – Promote understanding of the college, increase community

awareness– Capped at .08% of College General Fund

(~$62,800/annually)– Funded by vending revenue

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Fund 13

$200,000

$62,800

EEP Special Activities

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SCC IR-EEP - Fund 13

$7,240

$30,306

$200

$94,379

$250$13,475 $1,000

$27,570

$600

$18,900

$500

$1,250

$4,330

Allied Health Counseling HFA Downtown OutreachPE/Athletics Math Student Development West Sac Outreach

Multicultural Activities Davis Outreach Language&Literature Financial AidReserve

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SCC Special Activities - Fund 13

$12,285

$10,350

$18,165

$22,000

President VPA VPI VPS

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Fund 14Other Instructionally Related (Trust)

• Extension of the general fund to account for materials fees, gate receipts, service fees, and other miscellaneous college income

• All activities are cost-covering (unsubsidized)

• Only used if activity does not fit other funds

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SCC Trust - Fund 14

$2,500

$71,200

$48,400

$26,900

$46,800

$7,700$6,600$2,500$8,300

$17,600

$14,500$2,800

$95,200

College Relations Lab Deposits/Material Fees CounselingBehavioral & SS HFA Lang & LitLearning Res Mesa PE/AthleticsBusiness Technology ScienceStudent Development VPS Allied HealthOthers w < $1500

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BANSC Agency Funds

• Funds 71, 72, 81, and 83

• College assumes fiduciary responsibility but has no authority over expenditures

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BANSC Agency Funds

$36,100

$100,800$107,200

$42,000

Student Clubs 81 Other Agency 81 ASG 71 SRF 72

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Fund 71Associated Student Government

• Moneys held in trust by the college for the organized student body association

• Annual revenue comes from subsidies of student student Access Card

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Fund 72Student Representation Fee

• To account for moneys collected pursuant to Education Code Section 76060.5 that provides for a student representation fee of one dollar per semester

• Expended to provide for the support of student governmental affairs representatives

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Fund 81Student Clubs and Other Agency

• To account for moneys of student clubs and any other moneys for which the college is the fiscal agent

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Fund 83SCC Foundation

• To raise funds for scholarships, grants, and other assistance for students as well as provide support for college programs

• Revenue comes largely from endowments, donations, gifts, bequeaths, and fundraising

• Maintains IRS 501c3 standing

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SCC Foundation

$1,217,169

$175,871

$927,793

$20,013

Endowments College Programs Designated Scholarships Unrestricted

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Summary

• Handouts cover basic definitions and authorized uses of these fund types

• Limitations and audit requirements do exist

• Budget Office and VPA are tasked to monitor