Adopted Budget

This document outlines the adopted budget for the fiscal year 2018/2019 presented by Mary Chries Concha Thia. It details the budget process, assumptions, goals, and priorities, along with final budget figures and changes. The budget primarily focuses on leveraging existing resources, building on successful initiatives, and fostering innovation while ensuring transparency and efficiency in resource management.

• College Budget
• Planning
• FY 2018/2019
• Mary Chries Concha Thia
• Budget Process

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1. Adopted Budget FY 2018/2019 Planning and BudgetingCouncil 09/19/2018 Presentedby: Mary Chries Concha Thia Interim Vice President, AdministrativeServices

2. Overview Budget Process Budget Assumptions Budget goals/priorities for 2018/2019 2018/2019budget

3. College Budgeting Process, FY 18/19 More information available on the Administrative Services webpage: http://canadacollege.edu/adminservices/resources.php

4. Budget Assumptions General Fund Our primary source of unrestricted funds is our Site Allocation Site allocation determined through the District Resource Allocation Model Property Tax Increase: 8.03% Enrollment Fees RDA: Continue ongoing, no one-time EPA: Ongoing $100/FTES

5. Budget Goals and Priorities for 18/19 Our college budget is a tool to supportour plans into specific, action-oriented goals andobjectives Goals Effectiveness (leveraging existing resources) Focused Growth (building on what works) Supportive Energy (creating room for ideas and innovation) Priorities Transparency inprocess Resourceoptimization Efficiency andeffectiveness

6. 2018/2019 Final Budget General Fund Revenue Source SMCCCD Site Allocation Prop30 Total Amount $27,676,351 $270,275 $27,946,626 Expense Category Salaries and Benefits Hourly Salaries and Benefits Discretionary Total Fund 1 Budget $21,366,844 $5,149,057 $1,430,725 $27,946,626 % of Total Budget 77% 18% 5% 100%

7. Tentative to Final Budget Changes Expense Category Salaries andBenefits Hourly Salaries andBenefits Discretionary Total Expenses Revenue Tentative Budget $20,584,817 $4,016,294 $1,176,716 $25,777,827 $25,777,827 FinalBudget $21,366,844 $5,149,057 $1,430,725 $27,946,626 $27,946,626 Change $782,027 $1,132,763 $254,099 $2,168,799 $2,168,799

8. PERS & STRS Increases 13/14 11.44% 18/19 18.06% 21/22 23.07% PERS STRS 8.25% 16.28% 19.10%

9. 18/19 Hourly Salary Budget FTES LOAD 1310 GOAL GOAL 3,650 490 3,541,750 $ Summer 2018 Actual Summer 2018 Actual 471 515 (839,352) $ Balance for FL18 & SP19 Balance for FL18 & SP19 3,179 2,702,398 $

10. Budget Considerations Impact of COLAs on this year s budget Timing of retroactive COLAs, step increases, College will have to cover the adjustment for all hourly employees, special projects, and employees funded by federal grants (federal fiscal year ends September30th) Declining enrollment impacts Prop 30 and certain categorical programs (e.g., SSSP)

11. Moving Forward Regular budget updates to PBC throughout the fiscal year Long Range Budget Projections 2019/2020budget planning starts in late fall/early spring

12. Interested in More Information? Visit the Administrative Services webpagefor info about: Budget Office(resources,trainings) Business Office(cashiers, mail room,facility use) Facilities Safety Visit the Admin Services SharePointsite for even more info: 18-19Tentative Budget 18-19Adopted Budget

13. Q&A