![Page 1: san josé evergreen€¦ · 08/09/2015 · FY 2015/16 Estimated 2‐Year Increase EOPS $1.4M $1.4M $1.7M $300K SSSP $1.1M $1.6M $2.9M $1.8M Student Equity $‐‐‐ $1.0M $2.0M](https://reader033.vdocuments.mx/reader033/viewer/2022051914/6005f43b97fabd76850ba5b5/html5/thumbnails/1.jpg)
san josé evergreenCOMMUNITY COLLEGE DISTRICT
D. Smith
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san josé evergreenCOMMUNITY COLLEGE DISTRICT
Beginning Fund Balance
$13.4M 16.1%
Total Revenues $92.0M
Total Expenditures $92.8M
Fund Balance Draw ($.8M)
Ending Fund Balance $12.6M 13.6%
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san josé evergreenCOMMUNITY COLLEGE DISTRICT
Beginning Fund Balance
$12.6M 13.6%
Total Revenues $101.0M
Total Expenditures
$99.6M
Projected Increase $1.4M
Ending Fund Balance $14.0M 14.1%
(Note: Average EFB FY 13/14: Statewide = 17.5%, Basic Aid = 21.0%, Bay 10 = 19.7%)
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Property taxes 3.67% increase
Significant categorical dollars
Significant “one‐time” money
82.7% Effort for personnel
Step and column factored, H&W, STRS, PERS: >3% “cost”
$3.0M Board Initiatives: Primarily Redesign and Student Success staffing
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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$1.2M to Colleges and WFI one‐time
Carryover allocations
Interpreter costs redirected $486K
Curriculum Innovations: International, STEM $113K
$1.6M Medical Premiums
STRS, PERS Premium Increases
Redirect utility rebates directly to colleges
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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san josé evergreenCOMMUNITY COLLEGE DISTRICT
FY 2013/14 FY 2014/15Estimated FY 2015/16
Estimated 2‐Year Increase
EOPS $1.4M $1.4M $1.7M $300K
SSSP $1.1M $1.6M $2.9M $1.8M
Student Equity $‐‐‐ $1.0M $2.0M $2.0M
Physical Plant & Instructional Support $300K $1.7M $1.6M $1.3M
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Would like to allocate more one‐time and on‐going Student Success enhancement dollars.
Caution is in order – 3.67% Property Tax.
Annual increase from beginning to end:
About 3% Property Tax – 5 data points
Caution: ONLY 3 years of history
Review Faculty allocation for more full‐time opportunities, evaluate best use of resources, properly fund Adjunct.
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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Stabilization funding.
Collective bargaining resources.
As an organization, develop budget allocation formula, codify current practice.
Up the road concerns:
ACA Cadillac Tax: January, 2018
Annualizing at $1.8M
Proposition 30 sunsets on 12/31/17, $1.2M loss, annualized
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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Watch for 50% law:
51.13% FY 2013/14
51.9% FY 2014/15
Statewide average 51.4%
“There shall be expended each fiscal year for payment of salaries of classroom instruction 50% of the District’s current expense of education.”
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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san josé evergreenCOMMUNITY COLLEGE DISTRICT
FY 2015/16Adopted Budget
FY 2016/17Estimated Budget
FY 2017/18 Estimated Budget
Beginning FundBalance $12.6M $14.0M $10.2M
Revenues $101.0M $96.6M $98.9M
Expenditures $99.6M $100.4M $103.1M
Net Change $1.4M ($3.8M) ($4.2M)Ending Fund Balance $14.0M $10.2M $6.0M
Percentage 14.1% 10.2% 5.8%
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9.10%
11.80%
9.70%10.50%
14.65% 14.80%
8.39%7.81%
6.22%
10.99%11.59%
14.39%
16.14%
13.62%14.08%
10.22%
5.79%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16Est.
16/17Est.
17/18Est.
General Fund
san josé evergreenCOMMUNITY COLLEGE DISTRICT
ProjectedActual
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No “one‐time” money planned
Uses 3.5% property tax figure
Milpitas comes on‐line in FY 2016/17
ACA Cadillac Tax
Loss of Proposition 30 Revenue
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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san josé evergreenCOMMUNITY COLLEGE DISTRICT
‐1.00%
5.28%
6.77%
3.67%
‐0.30%
5.36%
7.69%
2.46%
7.31%
8.82%
2.95%
7.83%
10.01%
3.21%
8.47%
10.28%
‐2.00%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
2012‐2013 2013‐2014 2014‐2015 2015‐2016
August November February April June
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8.0%
9.1%
8.3%7.0%
0.2%
‐2.4%
0.9%
3.3%
8.4%
6.8%
8.7%9.3%
9.3%
7.2%
2.9%
‐6.0%
‐4.0%
2.6%3.2%
8.5%
10.3%
3.7%
8.7% 9.0% 8.2%
5.1%
‐3.3% ‐3.0%
‐0.3%
1.9%
8.2%
7.0%6.3%
‐8.0%
‐6.0%
‐4.0%
‐2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
Santa Clara County Assessed Valuation District Property Taxes SJECCD Assessed Valuation
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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Board Ends Policy Initiatives.
Allocate new resources when funding is certain.
One‐time, on‐going, Rainy‐Day Fund.
Make the greatest impact on students and classroom programs.
Make each funding decision in the context of the whole.
san josé evergreenCOMMUNITY COLLEGE DISTRICT
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A good year, look for improvements.
Property taxes are the driver.
Various allocations will strengthen the Colleges.
Watch property taxes, Cadillac Tax, Proposition 30 changes.
Remain student‐centered and focused.
Value our relationships.
Get resources to the colleges to maximize student access and success.
san josé evergreenCOMMUNITY COLLEGE DISTRICT