South Seattle CollegeALL COLLEGE MEETINGMARCH 11, 2015

OLYMPIC HALL

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Welcome to 2015-16FY Welcome to 2015-16FY PlanningPlanning

• State Budget Overview

• South’s Strategic Priority and Budgeting

• Operating Budget Overview

• Unmet Needs

• Budget Development Timeline

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What is budget?

• Board approved spending authority

• Tool to implement the strategic plan

• Tool to manage accountability and compliance

Budget Development Process

Led by College Council

•Empower campus community to engage in institutional decision making

•Develop and prioritize initiatives and projects

•Identify, share, and make the most effective use of college resources

College Core Themes

STUDENT ACHIEVEMENT

TEACHING AND LEARNING

COLLEGE CULTURE AND CLIMATE

COMMUNITY ENGAGEMENT AND PARTNERSHIPS

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South 2017

Total College budget04/19/23

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Source Amount % of TotalOperating Budget 33,070,160 63.94%Grants & Contracts 12,220,162 23.63%Self Support and Local Fees 2,494,131 4.82%Auxiliary Enterprise 2,053,555 3.97%S&A Student Accounts 1,100,371 2.13%JMB Food Operations 350,000 0.68%Parking Funds 200,000 0.39%Bookstore Funds 114,000 0.22%Other 120,000 0.23%TOTAL: 51,722,379 100.00%

Operating Budget 8

Operating Budget by Category

Enrollment Challenges10

College is allocated funds with the expectation of providing a certain level of education measured in FTES.

No relief in enrollment target Low enrollmentEconomic recoveryCompetition and program offerings

Tuition Collection Challenges

• Soft enrollment

• Program mix

• More “aggressive” tuition budgeting

2015-16 FY Strategic Budgeting

• INCREASE Enrollment, Retention, Completion• Meet FTE target

• Increase tuition collection

• Promote the long-term financial stability of the College

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2015-16 FY Fiscal Variables

State Operating Budget is not yet finalized•First year of 2015-17 Biennium •State Economic Forecast•K12 System Funding

• College in the High School• Running Start• Career Readiness

•Higher Education•NO tuition increase•College Bound Scholarship•Opportunity Scholarship

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2015-16 FY Fiscal Variables• I-BEST and ABE programs

• STEM programs• Math and Science

• Computer science and engineering

• MESA (Mathematics, Engineering, Science Achievement)

• Aerospace apprenticeships• Compensation increase• Allocation change to Student Achievement Base model• Impact of International program support to college

2015-16 FY initiatives to Fund

• Compensation increase• District wide initiatives• Faculty contractual obligation• Institutionalizing grant programs• Ctc.Link impact• Classified increments• Other

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2015-16FY Balancing Act

• Meet enrollment target

• Increase tuition collection

• Funding ongoing costs from accumulated Carry Forward is not fiscally sustainable

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2015-16FY Budget Development

Funded

• Same level of Operating Budget is NOT guaranteed

• NO across the board reductions

Not funded

• Prioritized list of unmet needs

• Identify an alternative funding models

Calendar

March Review and approval of Fees Provide Budget Development Worksheet March 16

April Complete Budget Development Worksheets

Develop realistic budget to meet the needs Submit to department Vice Presidents by April 13

Submit Worksheets to the Business Office April 21

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Calendar

April-May Submit prioritized list of requests/cuts to College Council April 21 College Council Hearings April 27 & 28

June College-wide Budget Hearing June 3 Final budget approved

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Summary• Manage within the resources• Prioritize long term initiatives• Develop sustainable budget

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Questions

Thank You!

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