2016/17 Budget Message Highlights Presenting a balanced budget - PowerPoint PPT Presentation

2016/17 Budget Message Highlights  Presenting a balanced budget  Economic Environment  Development Process  Resources  Assumptions

Economic Environment Student FTE 6,500 6,098 6,000 5,654 5,763 5,500 5,224 5,363 5,000 5,012 4,338 4,748 4,500 4,105 4,298 4,424 4,000 4,145 3,500 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 Est.

Economic Environment State Reimbursement (millions) $600 $25 $550 $550 $550 $19 $20 $18 $17 $17 $16 $19 $500 $17 $15 $11 $13 $465 $500 $450 $428 $10 $432 $411 $400 $395.5 $375 $5 $350 $300 $ ‐ 2001 ‐ 03 2003 ‐ 05 2005 ‐ 07 2007 ‐ 09 2009 ‐ 11 2011 ‐ 13 2013 ‐ 15 2015 ‐ 17 2017 ‐ 19 Projected

Development Process and Resources  Budget Webpage

Revenues (General Fund and College Services Fund) 2017 ‐ 2018 Proposed Budget Tuition & Fees Other Revenue 37.1% & Transfers In 7.2% State Operations 22.0% Property Taxes 33.7%

Budget Changes – Revenues General Fund and College Services Fund Combined FY 2016/17 Adopted Budget $ 44,409,215 State Operations $ (688,513) Property Taxes $ 413,651 Tuition and Fees $ 652,475 Other $ (27,000) Transfers In $ 1,867,278 Fund Balance $ 580,215 FY 2017/18 Proposed Budget $ 47,207,321

EXPENDITURES * (GENERAL FUND AND COLLEGE SERVICES FUND) 2017 ‐ 2018 PROPOSED BUDGET Material & Services and Capital Personnel & Other 15.1% 73.0% Transfers Out 11.9% *Excludes Contingencies and Reserves for Future Years

Budget Changes – Expenditures General Fund and College Services Fund Combined Before Proposed Adjustments Budget FY 2016/17 Adopted Budget $ 44,409,215 $ 44,409,215 Personnel $ 1,171,511 $ (226,554) Other Personnel $ 594,607 $ 94,607 Materials and Services District $ 318,698 $ 318,698 Materials and Services Non District $ 17,175 $ 17,175 Capital $ (24,998) $ (24,998) Transfers $ (142,557) $ 1,631,188 Contingency $ 564,203 $ 564,203 Reserve for Future Expenditures $ 423,787 $ 423,787 FY 2017/18 Budget $ 47,331,641 $ 47,207,321

Future Year Assumptions  Enrollments are expected to remain stable  PERS uncertain due to potential new legislation  Increase in costs due to additional facilities

Questions?  Curtis Sommerfeld  541 ‐ 956 ‐ 7238  curt@roguecc.edu  Lisa Stanton  541 ‐ 956 ‐ 7024  lstanton@roguecc.edu