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CERRITOS COLLEGE2010-11
PROPOSED ADOPTED BUDGET SUMMARY
DAVID EL FATTALLOLA RIZKALLAH BUSINESS SERVICESOCTOBER 6, 2010
2010-11 BUDGET
2
Although the State of California has yet to adopt its own budget, the College is required to have its 2010-11 annual budget adopted by the Board of Trustees. This Budget provides a snapshot-in-time view of the District’s projected revenues and expenditures.
Projections are based upon the best and most current information available from both internal and external sources.
Budget revisions will be presented to the Board of Trustees throughout the year as new information becomes available.
An amended budget will be presented to the Board of Trustees after the District receives detailed budget information via the Chancellor’s Office Budget workshop.
2010-11 BUDGET ASSUMPTIONS
ESTIMATED EXPENDITURES:
Expenditures reflect a net marginal increase as follows: Health & Welfare: $400,000 Step and Column: $500,000 Utilities and other rate driven: $250,000 PERS Rate Increase: $306,588 No Board Election for 2010: ($726,600) District support for Categorical Programs $717,000
$1,446,9884
ESTIMATED REVENUES:Revenue assumptions reflect the marginal loss of $320,600 negative COLA.
2010-11 BUDGET ASSUMPTIONSCASH FLOW PROJECTION
As of September 20, 2010, Cerritos College has on hand in the General Fund-Unrestricted a total of $4,657,334.32 in cash, of which $2,500,000 was borrowed from another fund (Fund 41.0).
The State will not provide any 2010-11 apportionment revenues to community colleges until a state budget is adopted.
The College has not yet received any apportionment payments for fiscal year 2010-11.
5
PROJECTED REVENUE
6
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
APPORTIONMENT$68,910,826
81%
LOTTERY$1,980,336
2%
OTHER STATE
$945,401 1%
TAXES$6,589,258
8%
ENROLL FEE$4,065,559
5%
OTHER LOCAL$2,853,634
3%
GENERAL FUND REVENUE
BEGINNING BALANCE & PROJECTED REVENUE
7
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $11,585,566 $11,585,566 $11,585,566 $10,800,000 $11,651,593
INCOME
FEDERAL $0 $422,412 $477,059 $0 $0STATE APPORTIONMENT $71,105,724 $69,357,612 $67,363,045 $66,486,778 $69,231,426 DEFICIT DUE TO PROPERTY TAX SHORTFALL ($2,811,839) $0 $0 $0 $0 RDA REVENUE ADJUSTMENT ($35,622) DEFICIT COEFFICIENY ($90,564) COLA DEFICIT $0 $0 $0 ($320,600) ($320,600) LOTTERY $2,020,632 $2,020,632 $1,980,336 $2,020,632 $1,980,336 OTHER STATE $1,900,519 $1,900,519 $1,099,581 $945,401 $945,401LOCAL TAXES $6,684,162 $6,589,258 $8,473,756 $8,937,137 $6,589,258 ENROLLMENT FEE $5,171,391 $4,065,559 $4,096,638 $4,379,058 $4,065,559 OTHER LOCAL $3,086,338 $3,016,004 $3,110,125 $2,853,634 $2,853,634MARGINAL REVENUE ASSUMPTIONS $0 $0 $0 $0
TOTAL INCOME $87,156,927 $87,245,810 $86,600,539 $85,302,040 $85,345,014
NET BEGINNING BALANCE & INCOME $98,742,493 $98,831,376 $98,186,105 $96,102,040 $96,996,607
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
PROJECTED EXPENDITURES
8
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
CERTIFICATED SALARIES$39,806,444
44%
CLASSIFIED SALARIES$19,357,104
22%
STAFF BENEFITS$18,195,394
20%
BOOKS & SUPPLIES$1,651,089
2%
SERVICES & OPERATIONS$8,704,214
10%
CAPITAL OUTLAY
$1,208,066 1%
SUPPORT OF CATEGORICAL
$717,000 1%
GENERAL FUND EXPENDITURES
PROJECTED EXPENDITURES
9
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
CERTIFICATED SALARIES (LESS F/T FAC FOR 2010-11) $42,950,271 $41,585,067 $38,831,892 $40,952,675 $39,806,444CLASSIFIED SALARIES $19,606,700 $19,272,300 $18,140,973 $19,227,343 $19,357,104STAFF BENEFITS $18,181,907 $17,547,047 $15,344,916 $18,729,572 $18,195,394BOOKS & SUPPLIES $1,640,207 $1,741,160 $1,229,706 $1,640,207 $1,651,089SERVICES & OPERATIONS $9,483,663 $9,222,093 $6,475,896 $8,632,767 $8,704,214CAPITAL OUTLAY $1,208,066 $1,285,226 $454,101 $1,208,066 $1,208,066SUPPORT FOR CATEGORICAL PROGRAMS $0 $60,000 $60,000 $60,000 $717,000 A)OTHER OUTGO $9,447 $6,823,213 $5,997,028 $9,447 $10,075POSITIVE VARIANCES ($500,000) ($1,500,000) $0 ($1,500,000) ($100,000)
TOTAL EXPENDITURES $92,580,261 $96,036,106 $86,534,512 $88,960,077 $89,549,386A) This amount is based on current information
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
PROJECTED RESERVES & ENDING BALANCE
10
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
RESERVES $4,725,263 $4,725,263 $4,725,263 $4,544,254 $4,613,719STATE MANDATED @ 5%DESIGNATED: EQUIPMENT FOR INST., LIB. & PHY. PLANT $700,000 $700,000 $0 $700,000 $650,000 VACANT FACULTY POSITIONS TO BE FILLED IN 2010-11 $1,369,300 B) $0 TECHNOLOGY NEEDS $500,000 $500,000 $0 $500,000 $500,000 CONSTRUCTION AUGMENTATIONS $200,000 $200,000 $0 $200,000 $200,000 GASB 45 RETIREE HEALTH BENEFIT FUND $500,000 $500,000 $0 $500,000 $500,000 SELF-INSURANCE FUND $25,000 $25,000 $0 $25,000 $25,000 ECONOMIC UNCERTAINTIES $400,000 $400,000 $0 $400,000 $400,000 COMP AND CLASS ROUGH ESTIMATE $450,000UNDESIGNATED RESERVE ($188,031) ($4,254,993) $5,557,030 $272,709 $108,502
TOTAL RESERVES $6,862,232 $2,795,270 $11,651,593 $7,141,963 $7,447,221
TOTAL EXPENSES & ENDING BALANCE $98,742,493 $98,831,376 $98,186,105 $96,102,040 $96,996,607
ENDING BALANCE AS % OF EXPENDITURE 5.22% 0.89% 13.46% 5.74% 5.12%
$0 $0 $0 $0 $0
B) New faculty that are hired for 2010-11
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:For the fiscal year 2010-11, budget reductions have been implemented.2009-10 programs were affected as follows:
CalWORKs EOPS Matriculation (credit & non-credit) DSPS
The District has allocated a total of $717,000 as support for Categorical Programs. We anticipate this amount changing once solid information for 2010-11 becomes available. The Adopted Budget only includes salaries & benefits for the above programs.
12
PROJECTED REVENUE
13
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
FEDERAL$2,043,412
29%
DSPS**$1,029,052
15%
EOPS**$608,173
9%
MATRICULATION**$595,597
8%
OTHER STATE$2,619,665
37%
LOCAL$151,963
2%
GENERAL FUND - RESTRICTED REVENUE
BEGINNING BALANCE & PROJECTED REVENUE
14
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $3,581,648 $3,581,648 $3,581,648 $3,581,648 $3,723,023
INCOME
FEDERAL $1,611,591 $3,688,804 $3,032,611 $1,470,196 $2,043,412STATE DSPS** $1,452,535 $1,083,287 $1,083,288 $1,029,052 $1,029,052 EOPS** $818,422 $703,998 $664,662 $568,837 $608,173 MATRICULATION** $1,034,338 $533,775 $533,775 $595,597 $595,597 OTHER STATE $3,971,406 $3,688,496 $3,429,229 $2,218,222 $2,619,665LOCAL OTHER LOCAL $404,038 $324,242 $333,469 $143,770 $151,963
TOTAL INCOME $9,292,330 $10,022,602 $9,077,034 $6,025,674 $7,047,862
NET BEGINNING BALANCE & INCOME $12,873,978 $13,604,250 $12,658,682 $9,607,322 $10,770,885
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
PROJECTED EXPENDITURES
15
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
CERTIFICATED SALARIES
$1,137,970 12%
CLASSIFIED SALARIES
$2,004,193 20%
STAFF BENEFITS$1,071,099
11%BOOKS & SUPPLIES$5,293,566
53%
SERVICES & OPERATIONS
$43,278 0%
CAPITAL OUTLAY
$350,511 4%
OTHER OUTGO$11,960
0%
GENERAL FUND - RESTRICTED EXPENDITURES
PROJECTED EXPENDITURES & ENDING BALANCE
16
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
CERTIFICATED SALARIES $1,161,990 $2,690,786 $2,102,200 $1,283,029 $1,137,970CLASSIFIED SALARIES $2,147,801 $3,909,202 $3,659,878 $2,429,990 $2,004,193STAFF BENEFITS $1,037,186 $1,568,135 $1,305,859 $1,135,594 $1,071,099BOOKS & SUPPLIES $3,090,973 $3,182,056 $443,437 $818,188 $5,293,566SERVICES & OPERATIONS $435,858 $724,808 $457,871 $21,557 $43,278CAPITAL OUTLAY $550,222 $795,406 $672,765 $325,356 $350,511OTHER OUTGO $326,056 $315,936 $293,649 $11,960 $11,960
TOTAL EXPENDITURES $8,750,086 $13,186,329 $8,935,658 $6,025,674 $9,912,577
ENDING BALANCE $4,123,892 $417,921 $3,723,023 $3,581,648 $858,308
TOTAL EXPENSES & ENDING BALANCE $12,873,978 $13,604,250 $12,658,682 $9,607,322 $10,770,885
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
2010-11 BUDGET ASSUMPTIONS
BALANCE FROM THE DISTRICT’S COPS ISSUE:This fund was designated to provide COPS money for major technology and construction/remodeling projects on campus. Currently the remainder of the fund is being utilized for software conversions.
18
BEGINNING BALANCE & PROJECTED REVENUE
19
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $148,467 $148,467 $148,467 $148,467 $150,587
INCOME & TRANSFERS IN
INTEREST $0 $0 $2,120 $0 $0PROCEEDS FROM COPS $0 $0 $0 $0 $0TRANSFERS IN $0 $0 $0 $0 $0
TOTAL INCOME $0 $0 $2,120 $0 $0
NET BEGINNING BALANCE & INCOME $148,467 $148,467 $150,587 $148,467 $150,587
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
OTHER DEBT SERVICE FUND - COPS (FUND 29.0)
CERTIFICATES OF PARTICIPATION FUNDING FOR CAPITAL OUTLAY PROJECTS
PROJECTED EXPENDITURES & ENDING BALANCE
20
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
EXPENDITURES $147,153 $147,153 $0 $147,153 $147,153OTHER DEBT SVC $0 $0 $0 $0 $0
TOTAL EXPENDITURES $147,153 $147,153 $0 $147,153 $147,153
ENDING BALANCE $1,314 $1,314 $150,587 $1,314 $3,434
TOTAL EXPENSES & ENDING BALANCE $148,467 $148,467 $150,587 $148,467 $150,587
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
OTHER DEBT SERVICE FUND - COPS (FUND 29.0)
CERTIFICATES OF PARTICIPATION FUNDING FOR CAPITAL OUTLAY PROJECTS
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to account for the financial activities of the following entities with total revenue and expenditures, including carryover, projected as follows: Community Education: $1,299,280 Contract Education: $ 80,234 Cosmetology: $ 200,000 Culinary Arts: $ 172,600 Parking: $1,227,897
$2,989,01122
PROJECTED REVENUE
23
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING
COMMUNITY EDUCATION$1,299,280
43%
CONTRACT EDUCATION$89,234
3%
COSMETOLOGY$200,000
7%
CULINARY ARTS$172,600
6%
PARKING$1,227,897
41%
SPECIAL REVENUE FUNDREVENUE
BEGINNING BALANCE & PROJECTED REVENUE
24
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $2,582,107 $2,582,107 $2,582,107 $2,582,107 $2,751,282
INCOME
COMMUNITY EDUCATION $1,894,977 $1,482,603 $1,205,988 $1,299,280 $1,299,280CONTRACT EDUCATION $1,272,350 $514,730 $699,705 $80,447 $89,234COSMETOLOGY $197,746 $275,000 $300,113 $200,000 $200,000CULINARY ARTS $180,262 $180,262 $142,410 $172,600 $172,600PARKING $1,955,644 $1,370,000 $1,380,051 $1,227,897 $1,227,897INTEREST $0 $0 $32,636 $0 $0INCOMING TRANSFERS $0 $0 $0 $0 $0
TOTAL INCOME $5,500,979 $3,822,595 $3,760,903 $2,980,224 $2,989,011
NET BEGINNING BALANCE & INCOME $8,083,086 $6,404,702 $6,343,010 $5,562,331 $5,740,293
CERRITOS COMMUNITY COLLEGE DISTRICT
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING
PROJECTED EXPENDITURES
25
COMMUNITY EDUCATION$1,424,907
26%
CONTRACT EDUCATION$1,810,791
33%
COSMETOLOGY$234,477
4%
CULINARY ARTS$180,326
3%
PARKING$1,849,299
34%
SPECIAL REVENUE FUNDEXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING
PROJECTED EXPENDITURES & ENDING BALANCE
26
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
COMMUNITY EDUCATION $1,599,252 $1,600,100 $1,202,269 $1,299,280 $1,424,907CONTRACT EDUCATION $1,163,792 $2,208,486 $691,404 $80,447 $1,810,791COSMETOLOGY $152,387 $275,000 $265,637 $200,000 $234,477CULINARY ARTS $172,600 $215,768 $170,190 $172,600 $180,326PARKING $1,468,265 $1,868,670 $1,262,228 $1,227,897 $1,849,299
TOTAL EXPENDITURES $4,556,296 $6,168,024 $3,591,728 $2,980,224 $5,499,800
ENDING BALANCE $3,526,790 $236,678 $2,751,282 $2,582,107 $240,493
TOTAL EXPENSES & ENDING BALANCE $8,083,086 $6,404,702 $6,343,010 $5,562,331 $5,740,293
CERRITOS COMMUNITY COLLEGE DISTRICT
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:This fund was established to account for income generated from ground lease payments received as a result of the senior care project. Funds have been designated to be used exclusively for activities related to student success as designatedby the Board.
Revenue: Ground Lease: $380,267 (plus occupancy rate incentives)
Expenditures: Sakai r-Smart: $28,000 Library Information System: $52,297
28
BEGINNING BALANCE & PROJECTED REVENUE
29
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $2,411,663 $2,411,663 $2,411,663 $2,411,663 $2,897,929
INCOME
INTEREST $0 $0 $36,537 $0 $0GROUND LEASE $380,267 $380,267 $515,958 $380,267 $380,267LOCAL-CONTRACT EDUCATION $173,762 $173,762 $63,328 $0
TOTAL INCOME $554,029 $554,029 $615,822 $380,267 $380,267
NET BEGINNING BALANCE & INCOME $2,965,692 $2,965,692 $3,027,485 $2,791,930 $3,278,196
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
VINTAGE CERRITOS SENIOR CARE PROJECT
PROJECTED EXPENDITURES
30
SAKAI r-SMART$28,000
35%
LIBRARY INFORMATION
SYSTEM$52,297
65%
VINTAGE CERRITOS SENIOR CARE PROJECTEXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
VINTAGE CERRITOS SENIOR CARE PROJECTOTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
2010-11 PROPOSED ADOPTED BUDGET
PROJECTED EXPENDITURES & ENDING BALANCE
31
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
SAKAI r-SMART $28,000 $28,000 $16,250 $28,000 $28,000LIBRARY INFORMATION SYSTEM $52,297 $52,297 $49,979 $52,297 $52,297JAMES IRVINE FOUNDATION $173,762 $173,762 $63,328 $0 $0
TOTAL EXPENDITURES $254,059 $254,059 $129,557 $80,297 $80,297
ENDING BALANCE $2,711,633 $2,711,633 $2,897,929 $2,711,633 $3,197,899
TOTAL EXPENSES & ENDING BALANCE $2,965,692 $2,965,692 $3,027,485 $2,791,930 $3,278,196
Expenditures will be designated by the Board for student success
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
VINTAGE CERRITOS SENIOR CARE PROJECT
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to account for State Scheduled Maintenance and Construction/ Remodeling projects. Other activities include District Match (when funds are available), Technology Needs and Construction Augmentation. Expenditures:
GYM Seismic Retrofit: $8,734,000 Scheduled Maintenance: $ 699,441 Local Projects: $1,793,223
33
PROJECTED REVENUE
34
STATE CLAIMS / INCOME$8,734,000
93%
TRANSFERS IN / DISTRICT MATCH
$700,000 7%
CAPITAL OUTLAY REVENUE
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
BEGINNING BALANCE & PROJECTED REVENUE
35
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $13,344,745 $13,344,745 $13,344,745 $13,344,745 $18,990,524
INCOME & TRANSFERS IN
STATE CLAIMS / INCOME $9,561,119 $9,561,119 $169,688 $9,678,000 $8,734,000INTEREST $0 $0 $187,078 $0 $0LOCAL INCOME $0 $500,000 $500,000 $0 $0TRANSFERS IN / DISTRICT MATCH $700,000 $700,000 $5,464,139 $700,000 $700,000
TOTAL INCOME $10,261,119 $10,761,119 $6,320,905 $10,378,000 $9,434,000
NET BEGINNING BALANCE & INCOME $23,605,864 $24,105,864 $19,665,650 $23,722,745 $28,424,524
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
PROJECTED EXPENDITURES
36
SEISMIC RETROFIT-GYM$8,734,000
78%
SCHEDULED MAINTENANCE
$699,441 6%
LOCAL PROJECTS/FUNDS
$1,793,223 16%
CAPITAL OUTLAY PROJECTS EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
PROJECTED EXPENDITURES & ENDING BALANCE
37
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
SEISMIC RETROFIT-GYM $9,561,119 $9,561,119 ($72,881) $9,678,000 $8,734,000SCHEDULED MAINTENANCE $802,887 $802,887 $103,634 $740,221 $699,441LOCAL PROJECTS/FUNDS $6,371,556 $6,871,556 $644,373 $6,499,203 $1,793,223TRANSFERS OUT/DISTRICT MATCH $0 $0 $0 $0 $0
TOTAL EXPENDITURES $16,735,562 $17,235,562 $675,126 $16,917,424 $11,226,664
ENDING BALANCE $6,870,302 $6,870,302 $18,990,524 $6,805,321 $17,197,860
TOTAL EXPENDITURES & ENDING BALANCE $23,605,864 $24,105,864 $19,665,650 $23,722,745 $28,424,524
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to track all projects generated by the GO Bond funds.
Expenditure highlights: Auto Tech Modernization: $4,645,931 Physical Science/Technology
(CLO #1): $4,546,243 Facilities/Warehouse/Purchasing: $3,747,304 Aquatic Center (shade/storage) $ 750,000 Fire Alarm Upgrade: $ 774,454
39
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES: Expenditure highlights (cont’d):
Liberal Arts Project: $1,250,000 Parking Lot Renovations: $2,682,037 Parking Lot-New: $1,138,605 Social Science Project: $1,185,281
40
BEGINNING BALANCE & PROJECTED REVENUE
41
2009-10
ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSED
ADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $55,324,856 $55,324,856 $55,324,856 $36,231,383 $27,889,107
INCOME
INTEREST $0 $672,887 $0 $0
NEW BOND SALE, SERIES 2009C
TOTAL INCOME $0 $0 $672,887 $0 $0
NET BEGINNING BALANCE & INCOME $55,324,856 $55,324,856 $55,997,743 $36,231,383 $27,889,107
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
REVENUE AND CONSTRUCTION FUND (FUND 42.0)
GENERAL OBLIGATION BOND FUND
PROJECTED EXPENDITURES
42
CERRITOS COMMUNITY COLLEGE DISTRICT
GENERAL OBLIGATION BOND FUNDREVENUE AND CONSTRUCTION FUND (FUND 42.0)
2010-11 PROPOSED ADOPTED BUDGET
AUTOMOTIVE TECH MODERNIZATION
$4,645,93117%
PHYSICAL SCIENCE/TECHNOLOY
(CLO #1)$4,546,243
16%
AUTOMOTIVE PARTNERS BLDG
$250,0001%
FACILITIES/WAREHOUSE/PURCHASING
$3,747,30413%CONSTRUCTION
MANAGEMENT$757,359
3%
AQUATIC CENTER$750,000
3%
FIRE ALARM UPGRADE$774,454
3%
LIBERAL ARTS PROJECT$1,250,000
4%INFORMATION TECH UPDATES
$00%
PARKING LOT RENOVATIONS
$2,682,03710%
SOCIAL SCIENCE PROJECT
$1,185,2814%
CAMPUS ACCESSIBILITY
UPGRADES$500,000
2%
GENERAL CAMPUS REPAIRS$607,661
2%
PARKING LOTS-NEW$1,138,605
4%
MISCELLANEOUS PROJ BELOW $1 MILLION*
$5,054,23218%
GENERAL OBLIGATION BOND FUND EXPENDITURES
PROJECTED EXPENDITURES & ENDING BALANCE
43
2009-10
ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSED
ADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
AUTOMOTIVE TECH MODERNIZATION $9,527,015 $9,527,015 $2,075,910 $4,000,000 $4,645,931
PHYSICAL SCIENCE/TECHNOLOGY (CLO #1) $8,991,317 $10,602,281 $8,510,262 $4,546,243 $4,546,243
AUTOMOTIVE PARTNERS BLDG $8,683,612 $7,228,787 $3,009,086 $250,000 $250,000
FACILITIES/WAREHOUSE/PURCHASING $3,500,000 $2,670,557 $2,463,418 $6,500,000 $3,747,304
CONSTRUCTION MANAGEMENT $3,010,000 $3,231,565 $3,231,565 $757,359 $757,359
AQUATIC CENTER (SHADE STRUCTURE/STORAGE FACILITY) $2,537,468 $2,218,937 $956,643 $500,000 $750,000
FIRE ALARM UPGRADE $2,037,985 $2,165,899 $1,577,138 $2,000,000 $774,454
LIBERAL ARTS PROJECT $2,000,000 $2,000,000 $243,092 $1,250,000 $1,250,000
INFORMATION TECH UPDATES $2,000,000 $2,000,000 $413,310 $1,736,513 $0
PARKING LOT RENOVATIONS $1,700,000 $2,124,068 $2,056,433 $250,000 $2,682,037
SOCIAL SCIENCE PROJECT $1,550,000 $1,550,000 $925,543 $1,185,281 $1,185,281
CAMPUS ACCESSIBILITY UPGRADES $1,500,000 $1,278,435 $134,619 $500,000 $500,000
GENERAL CAMPUS REPAIRS $1,000,000 $1,000,000 $392,339 $772,114 $607,661
PARKING LOTS-NEW $0 $1,479,221 $767,128 $1,138,605
MISCELLANEOUS PROJ BELOW $1 MILLION $6,063,562 $5,024,194 $1,352,150 $6,065,265 $5,054,232
TOTAL EXPENDITURES $54,100,959 $54,100,959 $28,108,636 $30,312,775 $27,889,107
ENDING BALANCE $1,223,897 $1,223,897 $27,889,107 $5,918,608 $0
TOTAL EXPENSES & ENDING BALANCE $55,324,856 $55,324,856 $55,997,743 $36,231,383 $27,889,107
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
REVENUE AND CONSTRUCTION FUND (FUND 42.0)
GENERAL OBLIGATION BOND FUND
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established in 2004-05 to provide for self-insured risk-management expenses. Transfers in/Expenditures: $25,000
45
BEGINNING BALANCE & PROJECTED REVENUE
46
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $927,023 $927,023 $927,023 $927,023 $948,777
INCOME
INTEREST $0 $0 $13,243 $0 $0LOCAL INCOME $0 $0 $0 $0 $0TRANSFERS IN $25,000 $25,000 $25,000 $25,000 $25,000
TOTAL INCOME $25,000 $25,000 $38,243 $25,000 $25,000
NET BEGINNING BALANCE & INCOME $952,023 $952,023 $965,266 $952,023 $973,777
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
SELF-INSURANCE FUND SUMMARY (FUND 61.0)
PROJECTED EXPENDITURES & ENDING BALANCE
47
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES $25,000 $25,000 $16,488 $25,000 $25,000
ENDING BALANCE $927,023 $927,023 $948,777 $927,023 $948,777
TOTAL EXPENSES & ENDING BALANCE $952,023 $952,023 $965,266 $952,023 $973,777
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
SELF-INSURANCE FUND SUMMARY (FUND 61.0)
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to capture the income and expenditures generated by the Student Health Services Program. This is a self-supporting program. It is estimated that $880,268 will be generated in revenue with expenditures budgeted at $797,740.
49
50
PROJECTED REVENUE
MISCELLANEOUS$10,000
1%
HEALTH FEES$870,268
99%
STUDENT HEALTH SERVICES REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
STUDENT HEALTH SERVICES FUND (FUND 69.0)
BEGINNING BALANCE & PROJECTED REVENUE
51
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE * $1,462,298 $1,462,298 $1,462,298 $1,462,298 $1,645,795
INCOME
MISCELLANEOUS $148,087 $0 $10,000INTEREST $0 $0 $17,765 $0 $0HEALTH FEES $849,709 $906,081 $846,973 $870,268 $870,268
TOTAL INCOME $849,709 $906,081 $1,012,826 $870,268 $880,268
NET BEGINNING BALANCE & INCOME $2,312,007 $2,368,379 $2,475,124 $2,332,566 $2,526,063
* In accordance with Governmental Accounting Standards the beginning balance includes the cost of the Student Health Services building at $395,880 as an asset
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
STUDENT HEALTH SERVICES FUND (FUND 69.0)
PROJECTED EXPENDITURES
52
CLASSIFIED SALARIES$346,388
43%
STAFF BENEFITS$147,173
19%
BOOKS & SUPPLIES$129,500
16%
SERVICES & OPERATIONS
$154,679 19%
CAPITAL OUTLAY$20,000
3%
STUDENT HEALTH SERVICES EXPENDITURES
STUDENT HEALTH SERVICES FUND (FUND 69.0)
CERRITOS COMMUNITY COLLEGE DISTRICT2010-11 PROPOSED ADOPTED BUDGET
PROJECTED EXPENDITURES & ENDING BALANCE
53
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
CLASSIFIED SALARIES $405,804 $465,404 $457,203 $441,084 $346,388STAFF BENEFITS $150,911 $165,617 $126,808 $135,005 $147,173BOOKS & SUPPLIES $133,000 $108,000 $93,529 $129,500 $129,500SERVICES & OPERATIONS $126,250 $147,422 $151,788 $144,679 $154,679CAPITAL OUTLAY $15,000 $900 $0 $20,000 $20,000
TOTAL EXPENDITURES $830,965 $887,343 $829,328 $870,268 $797,740
ENDING BALANCE $1,481,042 $1,481,036 $1,645,795 $1,462,298 $1,728,323
TOTAL EXPENSES & ENDING BALANCE $2,312,007 $2,368,379 $2,475,124 $2,332,566 $2,526,063
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
STUDENT HEALTH SERVICES FUND (FUND 69.0)
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established in 2004-05 to initialize the funding of the District’s liability for future payment of employees retirement health benefits. The District will transfer in $500,000 which will bring the balance to $3.7 million in the 2010-11 year.
55
BEGINNING BALANCE & PROJECTED REVENUE
56
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $2,754,976 $2,754,976 $2,754,976 $3,254,976 $3,294,308
INCOME
INTEREST $0 $0 $39,332 $0 $0TRANSFERS IN $500,000 $500,000 $500,000 $500,000 $500,000
TOTAL INCOME $500,000 $500,000 $539,332 $500,000 $500,000
NET BEGINNING BALANCE & INCOME $3,254,976 $3,254,976 $3,294,308 $3,754,976 $3,794,308
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
RETIREE HEALTH BENEFIT FUND SUMMARY (FUND 69.1)
PROJECTED EXPENDITURES & ENDING BALANCE
57
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES $0 $0 $0 $0 $0
ENDING BALANCE $3,254,976 $3,254,976 $3,294,308 $3,754,976 $3,794,308
TOTAL EXPENSES & ENDING BALANCE $3,254,976 $3,254,976 $3,294,308 $3,754,976 $3,794,308
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
RETIREE HEALTH BENEFIT FUND SUMMARY (FUND 69.1)
2010-11 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund distributes financial aid to students.
Programs include: Pell Grant: $40,000,000 SEOG: $
355,912 Cal Grants: $ 2,002,615 Nursing Grants: $ 14,989 Academic Competitiveness Grant: $
250,000
Expenditures consist of cash grants59
PROJECTED REVENUE
60
PELL GRANT**$40,000,000
93.84%
SEOG $355,912
0.84%
CAL GRANTS$2,002,615
4.70%
NURSING GRANTS$14,989 0.04%
ACADEMIC COMP$250,000
0.59%
STUDENT FINANCIAL AID FUND REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)2010-11 PROPOSED ADOPTED BUDGET
BEGINNING BALANCE & PROJECTED REVENUE
61
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
NET BEGINNING BALANCE $114,549 $114,549 $114,549 $114,549 $114,549
INCOME
PELL GRANT** $20,000,000 $35,000,000 $28,455,079 $40,000,000 $40,000,000SEOG $345,549 $354,529 $344,166 $345,549 $355,912CAL GRANTS $2,000,000 $2,000,833 $1,645,687 $2,000,000 $2,002,615NURSING GRANTS $14,989 $21,561 $21,561 $14,989 $14,989ACADEMIC COMPETITIVENESS GRANT** $150,000 $200,000 $189,998 $250,000 $250,000INTEREST $0 $0 $0 $0 $0
TOTAL INCOME $22,510,538 $37,576,923 $30,656,491 $42,610,538 $42,623,516
NET BEGINNING BALANCE & INCOME $22,625,087 $37,691,472 $30,771,040 $42,725,087 $42,738,065
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)
PROJECTED EXPENDITURES & ENDING BALANCE
62
2009-10ACTUAL/ 2010-11 2010-11
2009-10 2009-10 UNAUDITED PROPOSED PROPOSEDADOPTED REVISED REVENUE/ TENTATIVE ADOPTED
BUDGET BUDGET EXPENDITURES BUDGET BUDGET
EXPENDITURES
STUDENT FINANCIAL AID $22,510,538 $37,576,923 $30,656,491 $42,610,538 $42,623,516
TOTAL EXPENDITURES $22,510,538 $37,576,923 $30,656,491 $42,610,538 $42,623,516
ENDING BALANCE $114,549 $114,549 $114,549 $114,549 $114,549
TOTAL EXPENSES & ENDING BALANCE $22,625,087 $37,691,472 $30,771,040 $42,725,087 $42,738,065
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 ACTUAL YEAR END AND 2010-11 PROPOSED ADOPTED BUDGET
STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)
The End
For any questions, please contact David El Fattal [email protected]
Ext 2242 Lola Rizkallah [email protected]
Ext 2266
Thank You
63