Slide 2 Russell Allen, Business Director Randy Lary, Human
Resources Dir. Slide 3 Staff costs now comprise 89.0% of all GF
expenditures (up from a 88.5% in 09/10 and a traditional 85%).
Slide 4 State General Fund revenue is heavily dependent on
employment. Source: Oregon Office of Economic Analysis
Pre-Recession Employment Level Not Until Late 2014. Slide 5 The
District continues to drop in enrollment. Slide 6 7/1/11 rate
increase added approximately $3 million in costs. 7/1/13 projected
rate increase will add an additional $1.1 million. Slide 7 2011-13
funding was slightly higher. Source: Legislative Revenue Office
2011-13 funding was well below what is necessary to maintain
existing programs. 2013-15 funding will still be well below what is
necessary to maintain existing programs. Slide 8 General Fund
Revenues Are Expected to Increase Not Estimated To Be Sufficient
Need >$8 million Now to Restore 08/09 Service Levels Costs Will
Again Go Up Another PERS Rate Increase (min. 3 % points) Textbook
Adoption (assumed in model) Assumed Increase In Labor Costs Assumed
3% Annual Increase in Employee Costs Assumed 5% Annual Increase in
Insurance Costs Slide 9 Slide 10 The Economy Is Improving However,
Oregon Needs To See Significant Job Growth District Continues To
Face Uncertain Future Anticipated Expenditures Outpace Revenue
District Must: Manage Costs Maintain A Quality Program (including
quality staff) Call On The Legislature For Adequate Funding Attract
& Retain More Students! Collaborative Relationship Slide 11
Russell Allen, Business Director Randy Lary, Human Resources Dir.
[email protected]
