MAY 4, 2012 MARK YEAGER, CO-CHAIR, BUDGET AND PLANNING COMMITTEE MYESHIA ARMSTRONG, INTERIM...
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Transcript of MAY 4, 2012 MARK YEAGER, CO-CHAIR, BUDGET AND PLANNING COMMITTEE MYESHIA ARMSTRONG, INTERIM...
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MAY 4 , 2012
MARK YEAGER, CO -CHAIR, BUDGET AND PLANNING COMMITTEE
MYESHIA ARMSTRONG, INTERIM CO -CHAIR, BUDGET AND PLANNING COMMITTEE; DIRECTOR OF FISCAL SERVICES
FRANCISCO RODRIGUEZ,SUPERINTENDENT/PRESIDENT
FY2013 Budget Forum
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Agenda
Welcome - Mark Yeager
2012-2013 State Budget Status – Myeshia Armstrong
Implications for MiraCosta – Myeshia Armstrong
Budget Process – Mark Yeager
FY13 Budget Assumptions and Reduction Strategies – Myeshia Armstrong, Mark Yeager
Comments from President RodriguezDiscussion and Q&A – Myeshia Armstrong, Mark
Yeager, Dr. Rodriguez
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Status of the State Budget
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State Budget Gap
Reduced the budget deficit by $9.2 billionSlow economic recovery persistsState Revenues far less than expectedGovernor’s May Revised Budget (May 14)Governor’s Tax Initiative Proposal (Nov
2012)
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The State and MiraCosta
The dire state budget situation has a profound impact on apportionment districts (69/72)
“Basic Aid” status Local property tax revenues currently greater than
formula allocation by approximately $30M “Fair Share” exposure = $4.3M
Indirect impacts on MiraCosta Perceptions Expectations
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Implications for MiraCosta
$10 per unit enrollment fee increase from $36-$46, effective Summer 2012
Potential mid-year impactsCBO (chief business officers)Funding
Task Force reconvened, Jim Austin - participant
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FY2010-11 Revenue Sources(General Fund)
0.027% Federal (too small to register)
4.19% State
85.52% Property Taxes
7.43% Enrollment Fees
2.84% Local
Federal 0.027%
State 4.19%
Property Taxes 85.52%
Enrollment (Res/Nonres) 7.43%
Local 2.84%
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FY2010-11 Expense Categories(General Fund)
Salaries & Benefits86.07%
Supplies & Con-tract Svcs7.51%Capital
Outlay1.61%
Transfers& Other2.85%
Utilities1.95%
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Revenues & Expenses
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
$90,000,000
$100,000,000
Revenues
Expenses
* Projection
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Budget Process
Role of BPCPreliminary Budget (Feb 2012)Tentative Budget (June 2012)Final Budget Adoption (Sept 2012)
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MiraCosta FY13 Budget Assumptions
The goal for FY12-13 is to adopt a balanced budget
1% increase in property tax revenue0% Funded FTE growthActual FY10-11 expenditures reviewed
against budgeted FY11-12 to determine a target for reductions
Identified $3 million in one-time reduction strategies
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Program Review to Resource Allocation Process
“Frost” on District Hiring Divisional Reductions PARS (2010 & 2011)Sabbatical ReductionsHealth & Benefit Allowance
Budget Reduction Strategies: Highlights
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District’s Guiding Philosophy & Next Steps
Institutional Goal 4: MCCD will maintain high standards of stewardship and fiscal prudence
Now what?
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MARK YEAGER, CO -CHAIR, BUDGET AND PLANNING COMMITTEE
MYESHIA ARMSTRONG, INTERIM CO -CHAIR, BUDGET AND PLANNING COMMITTEE; DIRECTOR OF F ISCAL SERVICES
FRANCISCO RODRIGUEZ,SUPERINTENDENT/PRESIDENT
Discussion and Questions