(As recommended by the Planning and Budget Committee on May 16, 2023)
Note: Some of the estimates have changed based off of the state's final budget and information provided by the Chancellor's Office

THE DISTRICT鈥橲 BUDGET WILL:

  • Be balanced
  • Assume district will be funded as provided by the SCFF funding calculation  
  • Reflect the 2023-2024 State Budget
  • Recognize any increase/decrease in state funding:
    • Increase in Base Allocation $0
    • Deferred Maintenance & Instructional Equipment $0
    • Decrease 2022-23 Deferred Maintenance & Instructional Equipment by $4.8 million
    • Decrease the COVID-19 Block Grant by $2.6 million (out of $4.9 million appropriated)
    • Decrease 2022-23 Student Retention and Enrollment Strategies by $37,000
    • Recognize flexibility to shift remaining funds among Deferred Maintenance, Student Retention and Enrollment Strategies, and the COVID-19 Block Grant
    • Technology Upgrades $175,000 on-going
  • Recognize net $6,912,264 in one-time CARES funding 鈥�
  • Include an escrow account for predicted budget shortfalls (i.e., property tax, RDA funding, student fees, restoration) 鈥�
  • Part-Time Faculty Health Insurance Funding based on reimbursements 鈥�
  • Recognize a COLA of 8.22% 
  • Recognize a deficit factor of 1.0%
  • Reflect any changes to the funding formula approved by the state
  • Incorporate the assumptions of the Five-Year Budget Projections
  • Carryover FY 2022-2023 balances as recommended by the Planning and Budget Committee
  • Recognize changes in on-going, 2000, and 3000 (salaries and benefits) due to Step, Column, and other movement
  • Recognize change in PERS rate from 25.37% to 26.68%
  • Recognize STRS rate of 19.1% 鈥� Recognize change in Workers鈥� Compensation Insurance premium from 1.14% to 1.15% 
  • Recognize change in State Unemployment Insurance from 0.5% to 0.05%
  • Assume an inflationary factor of 2.0% for most items in Operational Expenses (5000) with additional as needed (i.e., Utilities, Repairs & Maintenance)
  • Budget current on-going obligations that have not been previously budgeted 鈥� Increase required level of match by the District for categorical programs, when required
  • ncrease the District match for categorical programs by the proportionate amount of any salary increases approved for employee groups
  • Budget for long-term obligations
  • Recognize any investment income from the PARS pension stabilization fund

Recognize Legal, Financial, and Statutory Requirements
The District will develop a budget that:

  • Maintains a reserve of at least 16.7% of unrestricted general fund expenditures.
  • Meets the fifty percent (50%) law (i.e., at least 50% of the current expense of education is allocated to instructional salary and benefits).
  • Provides for staffing levels required by the Board of Governors in relation to Title 5, Chapter 4, Subchapter 3, Articles 1, 2, and 3 that maintain compliance with the Full-Time Faculty Hiring Obligation Number; Fall 2022 was 59.1% FT to 40.9% PT.
  • Includes reasonable provisions to cover all known or projected liabilities to the District (e.g., accumulated vacation, sick leave, etc.).
  • Meets all statutory and legally mandated income/expenditure requirements.
  • Comply with the Education Protection Account (EPA) requirements for Prop 55 funds designated for    instructional salaries  
  • Not exceed appropriations limit as calculated on the Gann Limit Worksheet

 

 

 

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