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OVERVIEW
Historical Funding of Technical College System
Comparison of Enrollment, Tuition and State Funding from 2000 to 2008
Funding Allocation and Trend Comparison to Peer Group Budget Adjustments to Date Future Outlook
TECHNICAL COLLEGE FUNDING
Theory for Funding
State Appropriations – Fund SalariesState Funding currently covers only 44% of our salaries
Local Funds – Fund Facilities
Tuition and Fees – Fund Operations
CURRENTLY2000
53,623
$3,162
$153,089,780
39,036
$1,290
$171,310,188
Average Tuition
and Fees:
FTE Enrollmen
t:
State Appropriatio
ns:
SC Technical College System
BUDGET IMPACT ON OUR PEER GROUP
Medium Colleges General Funds
Federal Funds
Other Funds
Total Funds
14.4%Reduction to
General Funds
% Reduction
to Total Funds
Aiken Technical College $5,486,604 $516,000 $16,822,069 $22,824,673 $797,338 3.49%
Central Carolina Technical College $6,100,716 $919,240 $16,529,816 $23,549,772 $886,584 3.76%
Florence-Darlington Technical College
$9,059,894 $2,198,397 $25,814,576 $37,072,867 $1,316,624 3.55%
Horry-Georgetown Technical College $10,395,557 $1,663,835 $23,281,691 $35,341,083 $1,510,730 4.44%
Orangeburg-Calhoun Technical College
$5,790,563 $919,396 $14,855,624 $21,565,583 $841,511 3.90%
Piedmont Technical College $9,861,497 $3,331,201 $23,436,121 $36,628,819 $1,433,118 3.91%
Spartanburg Community College
$9,381,824 $933,449 $26,556,331 $36,871,604 $1,363,410 3.70%
Tri-County Technical College $9,711,175 $1,030,241 $25,276,869 $36,018,285 $1,411,272 3.92%
York Technical College $8,579,932 $4,253,969 $17,873,689 $30,707,590 $1,246,874 4.06%
Average $8,263,085$1,751,748
$21,160,754$31,175,586
$1,200,829 3.84%
Funds include Unrestricted and some Restricted Funds
TRI-COUNTY TECHNICAL COLLEGE HISTORICAL FUNDING
FTE Enrollment
$15,336,000$3,810,000
40572591
State Funding
Tuition & Fees
$9,670,000 $8,109,000*
FY2000 FY2009
* State Funding Adjusted for 16.5% projected reduction.
OUR CHALLENGE…
State Funding was projected to be $9,711,000 for FY09
Our Budget Challenge to date is a 16.5% reduction in State Funding or $1,602,000
$1,602,000 represents 5% of our Unrestricted Operating Budget.
We can get there…but we have to be smart and diligent!
2 Year and 4 Year Colleges & UniversitiesReducing travel costs, contractual services, repairs,
dues, membershipsDefer and Reduce Capital SpendingHiring Freezes, reduction in force, layoffs, retirements,
attrition, furloughsCutting operating hoursRestructuring/Cancelling programs
WE’RE NOT IN THIS ALONE. WHAT ARE OTHER COLLEGES DOING?
We have to be very calculated with our actions so as not to jeopardize our mission.
OUR BUDGET ADJUSTMENTS TO DATE…
Initial Budget Reduction built into the Plan $293,300
Increased Revenue from Enrollment $400,000
Operating Expenses $328,300
Hold on Replacing Open Perm. Positions $485,000
Reductions-to-Date $1,506,600
Our Challenge $1,602,000
WHERE WE ARE TO DATE? Budget Adjustments To Date include:
Fall Revenue from Enrollment $400,000
Previous Reduction Built into The Plan $293,300
Hold on Refilling Permanent Positions $485,000
Reduce Temporary Employment $88,000
Cancel Travel to SCTEA $10,000
Divisional Operating Expenses
Academic Affairs $50,000
Business Affairs $90,400
Economic Development/CE $20,600
Institutional Advancement $26,500
Presidents Office $16,300
Student Affairs $26,500
Total Adjustments $1,506,600
OUR 3 YEAR SPENDING TREND……WE STILL HAVE WORK TO DO.
Personnel
$3,789,000$2,767,000
$22,169,000$17,292,000
Fixed Charges
Contractual Services
$980,000 $1,194,000
FY2006 Actual FY2009 Budget
Supplies
Travel
$343,000 $1,078,000*
$210,000$220,000
* Fixed charges include $630k for the Anderson Campus Lease
OUR GUIDING PRINCIPLES
Focus on our Mission Keep students in the forefront Protect employees jobs as much as possible Provide essential services Aggressively challenge everything we do, looking
for improvements and savings Take the opportunity to better position ourselves for
the future Recognize the extraordinary times and pull together
for the good of the College Recognize that we each have a role to play
WHAT’S AHEAD OF US…
We are likely to have more cuts for FY2010.
We anticipate another 2% before January, 2009
Could see another cut after January 1, 2009
Total of at least $1.8million for FY09
Fiscal Year 2010, we anticipate a cut of $2.5million
While this is a significant amount of money, it represents only 7.7% of our Unrestricted Budget
We can do this without compromising our core mission.
IS THERE ANYTHING “OFF LIMITS?”
Like all colleges across South Carolina, we will not increase tuition in the spring. Next Fall is yet to be decided.
We will not dip into our cash contingency Since reductions are permanent we cannot permanently
reduce our operating contingency
WHERE DO WE GO FROM HERE…
We’ll have to ensure that our reductions are recurring We’ll all need to contribute. We all own the issue and the
solution We’ll need to be aggressive in all areas We will be very calculated in our decision process We’ll need your ideas and suggestions
I anticipate setting up several small groups to brainstorm ideas in regard to revenue enhancement and expense reduction
We’ll get there through hard work, compromise and teamwork!
FUTURE POSSIBILITIES Reducing Tuition Remission & Fee Waivers Developing Differential Tuition Rates Implementing Supply and Equipment Fees by Program
Health Science - $62 per semester
I & ET - $170 per semester
A & S - $10 per semester
B & PS - $23 per semester Changing Printing Practices & Implementing Charges Developing a Rigorous Energy Management Plan Implementing Travel Restrictions Evening Coverage – shared responsibilities Aligning services between GTC and rest of College Reviewing and Reducing Memberships Assessing Overload Pay Implementing Summer School Sustainability