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I. Major Budget Assumptions General Assumptions 1. The 2019-20 General Fund Unrestricted Beginning Fund Balance is projected at approximately $16.9 Million representing an adequate reserve level of 11.67%. 2. The 2019-20 Tentative Budget will have a Reserve (Ending Balance) of no less than 10%. 3. The PCCD will use plans, planning documents, and planning processes as a basis for the development of their expenditure budgets. 4. Recommendations from the BAM Task Force with respect to resource allocation will be implemented during the budget development process. 5. The District does not intend to issue a Tax Revenue Anticipation Note (TRANs) in 2019-20. 6. All State Apportionment deferrals have been eliminated. 7. There will be a line item in the budget for facilities maintenance and repair. 2
I. Major Budget Assumptions Continued… Revenue Assumptions 8. ENROLLMENT: Full Time Equivalent Students (FTES) target of 16,861 generated Resident, for-credit). 9. Fund 0.55% enrollment Growth at $ 25 Million 0% growth budgeted for PCCD in 2019-20 • 10. Statutory Cost of Living Adjustment (COLA) of 3.26% at $230 Million for 2019-20 (used to fund step/column salary increases). Approximately $0.5 million for PCCD • 11. Unrestricted lottery at $204 per FTES, from the State Adopted Budget and projected calculation. $3.8 Million for PCCD • 12. Scheduled Maintenance & Instructional Equipment allocation $40 Million state-wide. $0.6 Million for PCCD • No match required • 13. The May Revision increases the 2019-20 payment to $500 million. As a result, districts’ required contributions for 2019-20 would drop from 18.1% of covered payroll to 16.7% for 2019-20 and from 19.1% to 18.1% for 2020-21 3
I. Major Budget Assumptions Revenue Assumptions Continued… 14. Student Success Completion Grant Funding at $ 18 million for PCCD $ 0.3 million 15. The tentative budget reflects: $4.5 million in frozen vacant positions, • $1 million reduction in discretionary budget (50% to the colleges and 50% to the • District) 16. Mandates Block Grant funding per FTES $32.95 estimated to be $ 0.6 million 17. New Proposition 51 bond funded projects: Laney’s Learning Resource Center • Merritt’s Child Development Center • College of Alameda Replacement Building • 18. Seventh Year of Parcel Tax - Measure B estimated to be $8,000,000. 19. $13 Million for a 3.26% COLA for several Categorical Programs. 20. Cal Grant Program- $122 million for supplemental grants to Cal Grant recipients with dependent children. $10 million for 4,250 additional competitive awards, bringing total to 30,000 awards. All non-Proposition 98 21. California College Promise $45 million to expand program by amount needed to cover second year of attendance for first-time, full-time students for PCCD $0.7 million 4
I. Major Budget Assumptions Continued… Expenditure Assumptions 22. Step and column salary increases are included (funded with 3.26% COLA). Estimated at $1.1 Million • 23. Public Employee Retirement System employer contribution increase from 18.1% to 20.7%, an increase estimated at $0.7 million to PCCD. 24. State Teachers Retirement System employer contribution increased from 16.3% to.16.7%, an estimated at $0.2 million to PCCD. 25. Maintain District contribution to DSPS program of approximately $1.2 Million. 26. OPEB Debt Service Payment of approximately $4.3 Million due to bond program restructuring. 27. Continued implementation of the new OPEB long term funding plan impacting Fund 01, Fund 69 and the OPEB Trust Fund. 28. Contribute to the new Irrevocable Trust in the amount of $250,000 as per OPEB long term funding plan. 29. Contribute $400,000 to Self-Insurance Fund to cover costs of Property and Liability Insurance. 30. Any restricted funding cuts or cost increases must be borne by the respective program. 31. Medical premiums at $19.5 Million. 32. OPEB payroll charge 7.50% 33. Utilities to be budgeted at the campus level based on prior year actuals at Final Budget. 5
Peralta Community College District FY19-20 Tentative Budget Funds 01 & 02 - Unrestricted General Fund Summary 2019-20 Tentative Budget 2017-18 2018-19 2018-19 2019-20 Audited Actuals Adopted Budget Estimated Actuals Tentative Budget Revenue Federal Revenue - - - - State Revenue 71,311,059 65,486,282 69,827,353 68,401,186 Local Revenue 69,868,956 70,787,368 71,657,554 73,389,259 Other Financing Sources 7,971,120 9,650,000 9,650,000 9,650,000 - Revenue Total 149,151,135 145,923,650 151,134,907 151,440,445 - Expenses - Full Time Academic 22,709,343 25,151,587 22,965,406 26,973,102 Academic Admin 5,267,029 5,424,834 5,548,574 5,386,032 Other Faculty 3,354,539 4,236,677 5,470,294 4,872,446 Part Time Academic 17,875,126 11,677,623 17,459,601 11,310,033 Classified Salary 28,639,881 27,276,438 26,327,731 28,799,047 Fringe Benefits 46,955,002 41,944,230 43,257,143 47,023,118 Books, Supplies, Services 12,231,988 20,171,578 20,385,718 20,935,586 Equipment Cap Outlay 461,833 274,071 423,929 243,344 Debt Service 4,423,159 4,334,000 4,334,000 4,334,000 Other Outgo 5,622,521 1,975,000 1,850,000 1,850,000 - Total Expenses 147,540,421 142,466,038 148,022,396 151,726,708 Surplus/(Deficit) 1,610,714 3,457,612 3,112,511 (286,263) Beginning Fund Balance 12,616,469 13,894,555 13,894,555 17,007,066 Audit Adjustment (332,628) (1) - - Net Increase (Decrease) 1,610,714 3,457,612 3,112,511 (286,263) Ending Fund Balance 13,894,555 17,352,166 17,007,066 16,720,803 6 Ending Fund Balance % 9.42% 12.18% 11.49% 11.02%
Ending Fund Balance Projection Estimated Estimated 17,007,066 18,000,000 16,720,803 11.49% 11.02% 15,069,819 15,065,836 16,000,000 14,897,763 11.51% 9.79% 10.04% 13,894,555 9.42% 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - Fund Balance 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 7
Fund 01 Tentative Total Revenues $151,440,445 Apportionment CA Contribution to the CalSters Enrollement Fees Funding Plan, 6,000,000 , 4% EPA Apportionment, Faculty Hiring and Parity 40,117,436 , 27% Property Tax, 56,506,220 , 37% Interfund transfer Debt Svc and Retire Benefits Enrollement Fees, International EPA, 6,278,272 , 4% 16,570,371 , 11% Local Revenues International, 9,092,697 , 6% Lottery Actual 19-20 Faculty Hiring and Mandated Cost One Time Parity, 1,205,969 , 1% Payment Mandated Cost One Time Payment, 535,805 , 0% Property Tax Local Revenues, Interfund transfer Debt Svc and 1,684,928 , 1% Retire Benefits, 9,650,000 , 6% Lottery Actual 19-20, CA Contribution to the CalSters 3,798,747 , 3% Funding Plan 8
Fund 01 Tentative Total Expenditures $151,726,708 Full Time Academic Debt Service Transfer, 4,334,000, 3% Other Outgo, Academic Admin 1,850,000, 1% Academic Admin, 5,386,032, 4% Other Faculty Full Time Academic, Descretionary, Other Faculty, 26,973,102, 18% 21,178,930, 14% 4,872,446, 3% Part Time Academic Part Time Academic, Classified Salary 11,310,033, 7% Fringe Benefits, Classified Salary, 47,023,118, 31% 22,021,650, 15% Classified Manager Fringe Benefits Descretionary Debt Service Transfer Classified Manager, 6,777,397, 4% Other Outgo 9
Fund 01 Tentative Salary and Benefits by Location District Administrative Center 87.68%, Berkeley City College, 61.77%, 20,571,682 District Administrative Center, 25,104,609 College of Alameda 88.91%, Merritt College, 88.07%, 22,180,954 College of Alameda, 19,779,088 Laney College 91.32%, Laney College, 36,727,445 Merritt College Berkeley City College 10
Fund 01 Tentative Discretionary by Location District Administrative Center 12.32%, Berkeley City College, 2,889,856 11.09%, Merritt College, 2,766,042 College of Alameda 8.68%, Laney College Laney College, 3,492,009 38.23%, District Administrative Center, 15,536,045 Merritt College 11.93%, College of Alameda, 2,678,978 Berkeley City College 11
Fund 01 Tentative Total Student Receivable $3,767,625 Net Student Receivables, 3,767,625 Student Receivable, 11,759,722 Student Receivable Excluded from Fund Balance, (7,992,097) Student Receivable Student Receivable Excluded from Fund Balance Net Student Receivables 12
Fund 01 Tentative Debt Services/Other Outgo $6,184,000 OPEB Contribution, Property Liabilities, 250,000 400,000 Debt Service DSPS Contribution, 1,200,000 DSPS Contribution Debt Service , 4,334,000 Property Liabilities OPEB Contribution 13
ANY QUESTIONS? 14
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