Empowering Through Educational Excellence Budget Update June 14, 2022
SCCCD's tentative budget for 2022-23 focuses on enhancing educational excellence by adding new faculty and classified positions, strategic technology investments, and utilizing lottery funds for student services. Governor's May revise includes significant funding for student-centered initiatives like vocational education, retention strategies, and transfer reform. The update reflects a commitment to empowering students through quality education.
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Empowering through Educational Excellence Budget Update June 14, 2022 By Cheryl Sullivan VC Finance & Administration 1
2022-23 SCCCD Tentative Budget State Center Community College District Empowering through Educational Excellence 2
SCCCDs Tentative Budget The Tentative Budget is based on the Governor s January Budget Proposal. The exception is that COLA was not added to the proposed Tentative Budget. Tentative Budget includes additional staffing: 33 new faculty positions FCC 17 RC 2 Similar to last year s TCO efforts, 8 new Classified positions for the new Measure C funded centers and buildings are now on-going 4 Custodians; 2 for West Fresno, 1 for 1st Responders, 1 for MCC AV2 3 Groundkeepers Workers; 2 for West Fresno, 1 for 1st Responders 1 Maintenance Workers I/II for West Fresno CCC MCC 5 9 3 Empowering through Educational Excellence
SCCCDs Tentative Budget The Tentative Budget includes the use of $3.3M of fund balance. However, with the historic support from both the Legislature and the Governor, the $1.7M, in the (Non-Lottery) Unrestricted Reserves is not anticipated to be needed in the Final Budget. The remaining of $1.6M additional Lottery funds will support the strategic purchases of technology and software to improve work efficiencies and service to students. 4 Empowering through Educational Excellence
2022-23 Governors May Revise State Center Community College District Empowering through Educational Excellence 5
Governors May Revise $555.4M COLA of 6.56% (up from 5.33%,) *Notable Exclusions: Full-Time Faculty Funding (0%), Strong Workforce (0%), and Student Equity and Achievement is only receiving 5% $375M Student-Centered Funding Formula Base Increase $250M SCFF rates and $125M for Basic allocation $26.2M SCFF Growth (0.5%) $750M Pandemic Issues and Long-Term Liabilities (one-time over five years) $200M Part-Time Faculty Health reimbursement at 50% 6 Empowering through Educational Excellence
Governors May Revise $40M NextUp serves current and former foster youth (on-going) $130M Health Care Vocational Education (one-time over three years) $150M Retention and Enrollment Strategies (one-time) $65M Transfer reform: Goal of 70% Completion (one-time) $105M Common Course Numbering Statewide (one-time) 7 Empowering through Educational Excellence
Governors May Revise STRS/PERS January Proposal $3.9B STRS and PERS Buydown. The governor anticipates buying down $8.4B more over the next three years. However, this is only for the state portions at this point and will not decrease the coming rate increases for the Local Education Agencies. May Revise No direct relief for Community Colleges 8 Empowering through Educational Excellence
27.70% 27.10% 26.10% Jan Projected Rates 9 Empowering through Educational Excellence
What this means to our workforce Full-Time Faculty $1M = 8.3 Faculty 21-22 Loss of 119 26-27 Loss of 183 Full-Time Classified $1M = 10.3 Classified 21-22 Loss of 148 26-27 Loss of 227 10 Empowering through Educational Excellence
Governors May Revise Deferred Maintenance January Proposal $388M Deferred Maintenance: requested more time to plan and spend May Revise $1,523M Deferred Maintenance: extended the planning horizon 11 Empowering through Educational Excellence
Hold Harmless New Floor Chancellor s Office Proposal Resets the Hold Harmless/New Floor year to 2024-25 Total Computational Revenue (TCR) 2025-26 onward, Districts would not receive COLA on the Hold Harmless 12 Empowering through Educational Excellence
Legislative Analysis Office (LAO) compared to the Department of Finance (DOF) Projections LAO recommends putting more aside for the Special Fund for Economic Uncertainties (SFEU) Proposition 98 Minimum Guarantee Forecast DOF vs. LAO (in billions) 2022-23 2023-24 2024-25 2025-26 DOF May Revision $87.4 $29.3 $116.80 DOF May Revision $91.9 $30.6 $122.50 DOF May Revision $93.6 $32.0 $125.60 DOF May Revision $82.30 $28.00 $110.30 LAO LAO LAO LAO General Fund Property Tax Subtotal Total Difference $81.9 $29.2 $111.10 $84.9 $31.2 $116.00 $88.2 $32.9 $121.10 $88.5 $33.8 $122.20 $0.8* ($0.80) ($1.40) ($3.40) (LAO-May Revision) *Includes additional funding for expanding transitional kindergarten Source: School Services, LAO Raises Specter of State Fiscal Cliff , May 27, 2022 13 Empowering through Educational Excellence
Chancellors Office Guidance State Center Community College District Empowering through Educational Excellence 14
Fiscal Health Recommendation from the Chancellor s Office Provide transparent budget presentations to multiple stakeholder groups Match expenditures to revenues (one-time vs. ongoing) Develop budget projections 5 years Maintain at least two months of general fund revenues or expenditures 15 Empowering through Educational Excellence
Questions? Resource Links: Joint Analysis Governor s 2022-23 May Revision Department of Finance 2022-23 May Revision 16 Empowering through Educational Excellence
