Board of Trustees FY20 Final Budget Bunker Hill Community College - PowerPoint PPT Presentation

Board of Trustees FY20 Final Budget Bunker Hill Community College October 28, 2019

Review of FY20 Budget

FY19 Budget Status Description Amount FY19 Baseline Budget $0 Revenue T&F Shortfall ($1,267,800) Commission Shortfall ($211,500) Other Revenue ($162,000) MRC Reimbursement $462,500 State Funding $493,300 Net Revenue $(685,500) Expenditures Net Salary related ($255,000) Net IT/Equipment Related ($692,000) Net Facilities Related ($188,000) All Other Non-Salary ($466,000) Net Expenditures ($1,601,000) Budget Surplus/Deficit - 06/30/2019 $915,500

FY20 Anticipated Changes Description Amount FY20 Starting Point Assuming No Changes From FY19 Final: $915,500 FY20 Changes: State Funding Increase (Collective Bargaining) $539,000 Net Tuition & Fees ($506,000) Net Other Revenue $268,000 Commission Decrease ($189,500) Net Revenue Changes $111,500 Net Salary Related 2,310,000 Net Technology & Equipment $546,500 Net Other Operational $480,500 Plant Fund Decrease ($2,310,000) Net Expenditure Changes $1,027,000 Estimated Budget End - 06/30/2020 $0

FY2018 Unduplicated Headcount vs FY20 Projected In-State Tuition & Fees* Unduplicated 20,000 252 18,000 $240 236 235 235 16,000 232 224 14,000 223 223 223 222 218 218 213 213 12,000 210 208 $210 10,000 T&F/Cr. FTE 8,000 6,000 $180 4,000 2,000 $150 0 *Projected Fall 19 T&F; BHCC reflects projected Spring 2020 $14 fee increase.

FY20 Sources of Revenue Revenue FY20 Budget Tuition & Fees $49,100,000 State Appropriation $27,910,000 Performance Funding Formula (State) $260,000 Grants: Federal, State, Other $7,240,000 Deferred Maintenance - DCAMM $2,856,200 Other Revenue $4,357,300 Total $91,723,500

FY20 Expenditures by Function Expenditure FY20 Budget Instructional Personnel $25,083,000 Support Personnel $27,523,500 Operational Expenses $10,507,000 Facilities $14,245,000 Information Technology & Equipment $7,124,000 Grants $7,241,000 Total $91,723,500