A District-wide Proposed Budget and Financial Report is prepared each year in the fall so that users from all backgrounds can understand the District's overall budget position. The 2018-19 Proposed Budget and Financial Report was presented to and approved by the Board of Trustees at the September 11, 2018 meeting. For a copy of the report, click here.
The report explains key components that make up the budget and financial activities for the General Fund and other funds used in the District. Following are key highlights of the report:
- Three-pronged Student Centered Funding Formula:
- Base Allocation - $143.8 million (70% - 65% - 60%; three-year phase-in)
- Supplemental Allocation - $37.4 million (20% - 20% - 20%; three-year phase-in)
- Student Success Allocation - $16.7 million (10% - 15% - 20%; three-year phase-in)
- Eight Outcome Metrics:
- Associate Degree from Transfer
- Associate Degree
- Bachelor's Degree
- Credit Certificate
- Completion of transfer level math and English
- Transfer to four-year institution
- Achievement of regional living wage
- Completion of 9+ CTE units
- Enrollment
- FTES Enrollment Trend (Actuals)
- Ongoing Revenue & Expenses: $202.8 million in revenues, $197.7 million in expenditures, net $5.1 million
- One-time Dollars: $45 million to allocate (summer shift dollars, PERS/STRS savings, SERP savings)
- Outstanding Issues
- Competitive salaries and benefits
- Negotiations
- Enrollments
- Faculty hires
- Step-and-column increases
- Extended day/overload deficits
- Construction bids