2013-14 board of trustees budget workshop
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2013-14 Board of Trustees Budget Workshop
June 19, 2013
1
Mission, Vision and ValuesAdopted by Board of Trustees, October 2012
MissionMissionHillsborough Community college delivers teaching and
learning opportunities that empower students to achieve their educational goals and become contributing members
of the local community and a global society.
Hillsborough Community College will excel in proactively responding to the evolving educational needs of our students, staff, workforce, and community through
assessment and continuous improvement.
Vision
2
Mission, Vision and ValuesAdopted by Board of Trustees, October 2012
Values
• Student Success• Community Service• Diversity and Inclusion• Sustainability• Integrity• Innovation• Accountability• Professional Development
3
Funding Trends, Florida College System
4
5
6
The Florida College System Program Fund Appropriations by Source Lower and Upper Levels Combined
The Florida College System Program Fund Appropriations per FTE Lower and Upper Levels Combined
9
The Florida College System Comparison of FTE to State Funding per FTE, Lower and Upper Level Combined
10
Florida College System, State & Student Share of Operating Budgets
Hillsborough Community College
2013-14 Budget Parameters
12
ASSUMPTIONS FOR HCC’S 2013-14 BUDGET PLANNING
• No Increases in Tuition & Across-the-Board* Fees
• Assume 3% Enrollment Decline• Consider 3% salary adjustments• Inflationary adjustments to current
expenses *Two User Fees Recommended, Pay-for-Print and Textbook Rental, non-return of Book
13
HCC State Appropriations
• State Appropriated Funds of $52,640,686, a $4,380,941 increase– Community college Program Funds $42,836,763– Lottery Funds
$9,803,923
• Funds for Construction & Renovation Needs $2,049,692
14
Funding Inequities
• 17 colleges below 70.35% system average
• Amount to bring all colleges up to a minimum of 70.35% of model funded, $47.4 million
• Amount to bring HCC up to 70.35% of model funded $9.3 million
16
HCC Tuition and Fee Considerations
18
Tuition & Fees, No Changes Proposed for FY 2013-14
2012-13 2013-14 % Change
Tuition $80.45 $80.45 0.0%
Access Fee 0.54 0.54 0.0%
Financial Aid Fee 4.03 4.03 0.0%
Technology Fee 3.91 3.91 0.0%
Student Activity 7.23 7.23 0.0%
Capital Improvement Fee 8.23 8.23 0.0%
Total Resident /Credit Hr $104.39 $104.39 0.0%
19
Proposed Tuition & Fees Compared to Authorized Maximum
2013-14Proposed
Maximum Authorized % Change
Tuition $80.45 $82.78 2.9%
Access Fee* 0.54 0.54 0.0%
Financial Aid Fee 4.03 4.14 2.7%
Technology Fee 3.91 4.14 5.9%
Student Activity 7.23 8.26 14.3%
Capital Improvement Fee 8.23 10.23 24.3%
Total Resident /Credit Hr $104.39 $110.09 5.46%
20*Access Fee Amount can be established by Board of Trustees.
User Fees, Recommendation #1Pay for Print
PROPOSED FEES JUSTIFICATION
Single-Sided Black & White $0.10 Color $0.35
Double-Sided Black & White $0.08 Color $0.30
Supports the College’s sustainability initiatives, and also serves to recover costs of paper, toner and equipment leases.
Review of other schools identified that recommended charges are within ranges for similar pay-for-print programs.
21
User Fees, Recommendation #2Textbook Rentals, Non-return of Book
PROPOSED FEE JUSTIFICATION
$20 for Non-Return of Rented Textbook
The Bookstore is instituting a textbook rental program. Textbooks can be rented for 50% of current retail price. If student fails to return the textbook at semester end, the student will be charged for the difference between rental and retail price, plus a $20 fee for processing costs related to recovery.
22
Legislative Hot Topics• Dual Enrollment• Incentive Funding for Certain Industry
Certifications• Future Performance Funding• Developmental Education• Fund Balances: New Data Request
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Dual Enrollment
24
Change to Dual Enrollment
• Senate Bill 1514 requires school districts to pay the standard tuition per credit hour (now $71.98) for courses taken by dual enrollment students on a college campus.
• Requires school districts to reimburse colleges for instructional costs when sections are taught at the high school.
25
HCC Dual EnrollmentPublic High Schools Private High Schools Home Schooled
HeadcountCredit Hours Headcount
Credit Hours Headcount
Credit Hours
On HCC Campus
839 5,546 98 727 61 809
@ High School
1,365 6,078 74 727 0 0
TOTALS 2,204 11,624 172 1,454 61 809
Reporting Periods: Fall 2012, Spring 2013 (NOTE: Colleges are not to charge school districts for Summer Dual Enrollment credits)
26
Potential Revenue Return
• The standard tuition rate is currently $71.98 per credit hour.
• Cannot bill for Summer semester credits.• Assuming 2012-13 Fall & Spring
Enrollments, Potential Additional Revenue to HCC = $451,530.
27
Potential Cost Reimbursement
• HCC offered 141 sections taught at high schools.
• Approximate reimbursement for instructional costs = $248,000.
28
Performance Funding for Industry Certifications
29
Industry Certifications
• SB 1076 appropriated $5,000,000 for Performance Based Incentives for industry certifications in 2013-14
• Colleges may earn bonus funding ($1,000 per certification) when students obtain certain industry certifications.
30
Industry Certifications Identified for FY 2013-14
• Automotive service technology• Cyber security• Cloud virtualization technology• Advanced manufacturing• Welding• Federal Aviation Administration airframe
mechanics• Pharmacy technician• Heating, ventilation and air-conditioning techs
31
Performance Funding for Florida College System
32
Performance Funding• Requires that by October 31, 2013, State Board
of Education recommends methodology to distribute performance funding based upon percentage of graduates employed or enrolled in further education, average wages of employed graduates, and average cost of graduate.
• No Funding provided for FY 2013-14
33
Developmental EducationSB 1720
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Developmental Education• SB 1720 includes Developmental
Education Reforms to affect Advising, Testing & Placement, Curriculum & Instruction, Implementation and Reporting
• No Funding Reductions in FY 2013-14 due to Developmental Education Changes.
35
Developmental Education
• Each Florida College System institution board of trustees shall develop a plan to implement the developmental education strategies defined in s. 1008.02 and rules established by the State Board of Education. The plan must be submitted to the Chancellor of the Florida College System for approval no later than March 1, 2014, for implementation no later than the fall semester 2014.
36
HCC Enrollment & Budget Trend Data
37
Review of HCC 2012-13 Enrollment
Planned for 5% enrollment decline:• Fall 2012 -1.9%
• Spring 2013 -4.4%
• Summer 2013 -6.3%
Projected FTE Enrollment (UNOFFICIAL)
-5.7%38
HCC Full-time Equivalent (FTE) Enrollment History & Projection
39
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Estimated 2012-13
Projected 2013-14
0
5,000
10,000
15,000
20,000
25,000
16,623 16,99818,775
20,88621,771 21,676
20,436 19,823
40
2007/08 2008/09 2009/10 2010/11 2011/12 Estimated 2012/13
Projected 2013/14
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$3,153
$2,652
$2,186$2,254
$2,219
$2,362 $2,656
$1,969$2,098
$2,371
$2,576$2,710
$2,844 $2,852
State Aid Per FTE
Tuition Per FTE
Note: State Aid for 2009/10 and 2010/11 does not include Federal pass-through Fiscal Stabi-lization Funding per FTE of approximately $190.
HCC State Aid vs. Student Tuition Revenue per Full-time Equivalent Student (FTE)
41State Approriations Student Fees Other Sources
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
51.2%
44.9%
3.8%
48.0% 49.0%
3.0%
43.9%
53.9%
2.2%
44.3%
53.4%
2.3%
47.2%
50.6%
2.2%
HCC Revenue Trends, % of OperatingBudget, 2009-10 to 2013-14
FY 2009/10
FY 2010/11
FY 2011/12
FY 2012/13
FY2013/14
42
Instructi
on
Public Se
rvice
Academ
ic Support
Staff/Pro
gram Deve
lopment
Studen
t Support
Institutional
Support
Plant O
perations
Studen
t Aid
Transfe
rs, Contingen
cies, E
tc.0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
50,000,000
HCC Expenditures by Function
Renovation and Maintenance Needs
43
Prior to 1970 1970 to 1979 1980 to 1989 1990 to 1999 2000 to 2009 2010 or Newer0
100,000
200,000
300,000
400,000
500,000
600,000
101,607
435,600
307,561
505,511
226,909
76,960
Age of HCC's Square FootageSq
uare
Foo
tage
Add
ed p
er D
ecad
e
44
General Renovation Needs
• FY 2012-13 Sum-of-the-Digit Appropriation (for minor maintenance) = $264,542, or ≈$0.16 per square foot.
• Proposed for FY 2013-14 Sum-of-the-Digit Appropriation = $2,049,692, or ≈ $1.24 per square foot.
45
46
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
PECO Funding to HCC for General Renovation/Remodeling + Sum-of-the-Digits, 2006-07 to 2013-14
Revenue Projection, 2013-14$ Change
Increase in State Appropriations $4,380,941
Enrollment Decline, 3% Drop Budgeted ($1,580,872)
Other Revenues ($112,698)
Net Reduction in Operating Funds Available $2,687,371
Cost of Business Increases$ Change
Custodial Services Contractual Increase $95,500
Title V Grant Obligation 38,437
Employee Health Benefits & Retirement Rate 2,133,740
Full-time Salary/Wage increases 1,318,950
Estimated Increases, Terminal Pay 100,000
Additional Adjunct Faculty (primarily Allied Health) 174,833
Call Center, Increase in Funding from Unrestricted Funds
$27,380
Cost of Business Increases (Cont’d)$ Change
Apprenticeship Contracts, Enrollment 31,635
Technical Support, State Reporting Project 71,000
Additional Public Safety Costs 84,250
New 911 Public Safety Telecommunications Program 21,026
Repairs & Maintenance of Facilities 829,397
Materials & Supplies 284,873
General Liability Insurance Premiums 51,839
Cost of Business Increases (Cont’d)$ Change
Additional Funding, Disability Services 200,000
Information Technology, Software Licenses 244,997
Total Estimated Cost of Business Increases $5,687,857
Funding Gap (Deficit) Before Reductions/Cost Savings
($3,000,486)
Funding Reductions from 2012-13 Budgeted Amounts
$ Change
Reductions in District Offices Administrative Budgets $337,864
Grant Matching Funds 200,000
Professional Fees 209,263
Utilities- Sustainability and Energy Savings initiatives 201,713
Other Services 279,179
Corporate and Continuing Education 292,690
Funding Reductions from 2012-13 Budgeted Amounts
$ Change
Other Current Expenses $413,938
Capital Outlay Budget 65,839
Transfer to Plant Fund 1,000,000
Total Expense Reductions $3,000,486
53
Stu-dent Tu-
ition & Fees; 56533629; 51%
State Sup-port;
52640686; 47%
Other Revenue; 2428136; 2%
Proposed FY2013-2014 Operating Revenue
$111,602,451
54
Per-son-nel
Cost 78979164 71%
Cur-rent Ex-
penses
30296626 27%
Capital Outlay 2326661 2%
Proposed FY 2013-14 Operating Expenditures$111,602,451
Fund Balance Trends & Projection
Unallocated Fund Balance as of: Amount
Fund Balance as % of Available Funds
June 30, 2010 $11,157,037 9.39%June 30, 2011 $15,573,008 11.93%June 30, 2012 $11,851,444 8.73%
June 30, 2013 (Projected) $9,845,621 7.48%
June 30, 2014 (Proposed) $9,845,621 7.68%
Minimum recommended fund balance by the State is 5.1% of Available Funds
Fund Reserves & Board Designated Funds
Estimated Reserve for Encumbrances $2,300,000Budget Stabilization* $4,500,000
Total Reserves & Board Designated Funds
Combining Board Designated and Unallocated Fund Balance Brings June 2014 Fund Balance Projection to 10.88%.
$6,800,000
*Budget Stabilization to offset effects of potential enrollment declines, natural disasters, and other economic uncertainties.
Review of Other Funds
57
Questions?
58
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