Budget Workshop Fiscal Year 2011 December 4, 2009.
-
Upload
brooke-gibson -
Category
Documents
-
view
220 -
download
0
Transcript of Budget Workshop Fiscal Year 2011 December 4, 2009.
![Page 1: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/1.jpg)
Budget WorkshopFiscal Year 2011December 4, 2009
![Page 2: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/2.jpg)
AGENDA
Review where we left off with the FY10 budget
Revenue impacts affecting theFY10 budget
Discuss revenue assumptions for FY11 budget
2
![Page 3: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/3.jpg)
FY10 Budget
3
![Page 4: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/4.jpg)
FY10 Budget
$2.7 Million Budget Deficit
$2.4 Million in Reductions Through:
Contractual Services Vacancies – delayed or not filled Benefits for Vacancies Meeting expense, travel, equipment,
and supplies
4
![Page 5: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/5.jpg)
FY10 BudgetEducation Fund Summary
REVENUES % OF TOTAL
Local Government 33,293,466$ 41.40%State Government 7,382,648 9.18%Federal Government 5,000 0.01%
Tuition & Fees 39,129,000 48.66%Other Sources 610,000 0.76%
Transfers - 0.00%
Total Revenues 80,420,114$ 100.00%
EXPENDITURES
Instruction 27,417,025$ 33.96%Academic Support 10,166,146 12.59%Student Services 8,645,008 10.71%Public Service -
Institutional Support 28,097,599 34.81%Scholarships, Student Grants, and Waivers 3,537,003 4.38%
Transfers 2,860,967 3.54%
Total Expenditures 80,723,748$ 100.00%
REVENUE OVER/ (UNDER) EXPENDITURES(303,634)$
5
![Page 6: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/6.jpg)
Comparison of FTE Growth vs Employee Headcount
Source: Harper College Fact Book 2007, 2008
6
![Page 7: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/7.jpg)
Enrollment vs. Staffing
![Page 8: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/8.jpg)
Revenue Impacts Since July 1, 2009
(The World Has Changed)
8
![Page 9: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/9.jpg)
FY10 Budget Challenges
Property tax revenues flat
Investment revenue down
State funding down
9
![Page 10: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/10.jpg)
Revenue Impacts
FY10 State Revenue
Budgeted $6.8 million (Base Operating Grant)
1st Quarter $1.7 million 2nd Quarter $1.7 million (May or June?) 3rd Quarter Delayed (Spring 2011?) 4th Quarter Delayed (Summer 2011?)
10
![Page 11: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/11.jpg)
Revenue Impacts
FY11 State Revenue
1st Quarter Unknown 2nd Quarter Unknown 3rd Quarter Unknown 4th Quarter Unknown
11
![Page 12: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/12.jpg)
FY10 Budget Projections
FY 10 Budget Budget Projected Actual
Local Government $33,293,466 $32,738,466
State Government 7,382,648 3,511,714
Tuition & Fees 39,129,000 40,245,550
Other 615,000 270,682
Total Revenue $80,420,114 $76,766,412
Expenses $80,723,748 $77,720,967
Fund Balance Change ($303,634) ($954,555)
12
![Page 13: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/13.jpg)
Looking Ahead FY11 Budget FY11 July 1, 2010 – June 30, 2011
Modified Budget Process
Anticipated: 4.75% salary increase12% benefit
increase
Enrollment Growth 3.0% for Fy11Note: 1% enrollment growth = $300,000
13
![Page 14: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/14.jpg)
FY11 Revenue
State revenue cut 50%
Property tax revenue flat
Investment income down
Tuition ?
14
![Page 15: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/15.jpg)
Tuition and “Universal” Fees
Current$ 90 tuition per credit hour$ 7 technology fee per credit hour$ 7 repair/renovation fee per credit
hour$104 tuition and universal fees per
credit hour
15
![Page 16: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/16.jpg)
Per Capita Costs
Per capita calculated by using all expenditures except capital and adjusts for depreciation
Comparable to all community colleges
16
![Page 17: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/17.jpg)
Per Capita Costs
FY 10 Harper per capita cost $431.07
Tuition Limits: State maximum 331/3% $ 143.69 (tuition & fees) Harper $ 104.00 (tuition & fees)
Board guideline 25% $ 107.77 (tuition only) Harper $ 90.00 (tuition
only) FY10 per capita 20.9%
17
![Page 18: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/18.jpg)
Harper Per Capita Cost Summary
$18
19.
4%
17.2
%
19.2
%
20.7
%
20.7
%
20.9
%
21.3
%
22.1
%
20.9
%
19.
5%
Fiscal Year
% of Per Capita Costs
25% of Per Capita Costs
State Maximum Tuition and Fees
Source: Harper Tuition & Per Capita Chart 18
![Page 19: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/19.jpg)
Tuition Comparison
Harper $ 3, 120 Northern Illinois University $ 9,390 University of Illinois $12,660 Roosevelt University $21,000 DePaul University $26,765 Northwestern University $38,088
19
![Page 20: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/20.jpg)
FY10 Peer Group Comparison Tuition & Fees
Source: ICCB 20
![Page 21: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/21.jpg)
Pell Grant
Academic Year 2010
Pell $178.67 per credit hour, $5,360 annual
Harper $104 per credit hour, $3,120 annual
21
![Page 22: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/22.jpg)
FY11 Budget Assumptions
Revenues Property tax revenues will be flat
State revenue will decrease 50%
Enrollment increase of 3%
22
![Page 23: Budget Workshop Fiscal Year 2011 December 4, 2009.](https://reader036.fdocuments.net/reader036/viewer/2022062408/56649e9d5503460f94b9e3df/html5/thumbnails/23.jpg)
Discussion Points
Verify 50% reduction in state revenue assumption
Use of Fund balance Grow ? Spend ?
Set Tuition Current Board Guideline vs. State Limit Change Guideline ?
23