cerritos college 2009-10 proposed adopted budget

CERRITOS COLLEGE2009-10

PROPOSED ADOPTED BUDGET SUMMARY

JAMES A. ALBANESELOLA RIZKALLAH BUSINESS SERVICESSEPTEMBER 2, 2009

GENERAL FUNDUNRESTRICTED

2

2009-10 BUDGET ASSUMPTIONS

3

The Adopted Budget has no COLA, Stability/Restoration or Growth funds. Reduced workload resulted in a loss of $2.8 million in State funds. Marginal revenue reflects an additional loss of $0.6 million in local interest earnings. Marginal expenditures of $2.1 million bring the total reduction to $5.5 million.

The budget reflects higher expenditures than revenueby $5.9 million but the District is applying reduction options that were identified in the last fiscal year to close the gap by June 30, 2010.

BEGINNING BALANCE & PROJECTED REVENUE

4

2008-09 2009-10 2009-102008-09 2008-09 A) ACTUAL/UNAUDITED PROPOSED PROPOSED B)

ADOPTED REVISED REVENUE/ TENTATIVE ADOPTEDBUDGET BUDGET EXPENDITURES BUDGET BUDGET

NET BEGINNING BALANCE $12,646,111 $12,646,111 $12,646,111 $12,646,111 $11,585,566

INCOME

FEDERAL $0 $37,666 $36,240 $0 $0STATE APPORTIONMENT $69,089,173 $70,702,685 $69,391,065 $71,713,742 $71,105,724 DEFICIT DUE TO PROPERTY TAX SHORTFALL $0 ($1,231,623) $0 ($1,080,890) ($2,811,839) 09-10 COLA $0 $0 $0 $0 $0 STABILITY / RESTORATION $0 $185,171 $0 $0 $0 GROWTH @1.12% $0 $918,998 $0 $0 $0 P.Y. ADJ & CORRECTIONS $0 $0 $1,627,014 $0 $0 LOTTERY $2,020,632 $2,020,632 $1,986,142 $2,020,632 $2,020,632 OTHER STATE $1,910,148 $1,737,997 $2,015,209 $1,900,519 $1,900,519LOCAL TAXES $7,364,933 $6,940,714 $8,124,880 $6,988,830 $6,684,162 ENROLL FEE $3,707,573 $4,213,709 $4,245,678 $3,950,461 $5,171,391 OTHER LOCAL $3,486,338 $3,581,895 $4,031,415 $2,986,338 $3,086,338MARGINAL REVENUE ASSUMPTIONS $0 $0 $0 $0 $0

TOTAL INCOME $87,578,797 $89,070,178 $91,457,643 $88,479,632 $87,156,927

NET BEGINNING BALANCE & INCOME $100,224,908 $101,716,289 $104,103,754 $101,125,743 $98,742,493

A) Based on P-2 Exhibit CB) Chancellor's Office Budget Workshop 8/19/09

CERRITOS COMMUNITY COLLEGE DISTRICT

2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET

GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)

PROJECTED EXPENDITURES

5



EXPENDITURES

CERTIFICATED SALARIES $42,642,652 $42,354,736 $41,577,490 $43,249,594 $42,950,271CLASSIFIED SALARIES $19,522,021 $19,667,619 $18,548,626 $19,498,068 $19,606,700STAFF BENEFITS $17,835,120 $17,812,000 $15,709,088 $18,123,629 $18,181,907BOOKS & SUPPLIES $1,631,910 $1,663,269 $1,662,787 $1,614,706 $1,640,207SERVICES & OPERATIONS $8,309,182 $8,602,568 $7,211,637 $9,407,014 $9,483,663CAPITAL OUTLAY $1,008,131 $1,239,788 $467,347 $1,208,131 $1,208,066OTHER OUTGO $7,962 $7,007,962 $7,341,213 $9,447 $9,447ADJUNCT FACULTY SALARY RESERVE $788,495 $702,584 $0 $0 $009-10 COLA $0 $0 $0 $0 $0POSITIVE VARIANCES $0 ($3,669,819) $0 $0 ($500,000)

$91,745,473 $95,380,707 $92,518,189 $93,110,589 $92,580,261




PROJECTED RESERVES & ENDING BALANCE

6



RESERVESSTATE MANDATED @ 5% $4,648,524 $4,648,524 $4,648,524 $4,751,779 $4,725,263DESIGNATED: EQUIPMENT FOR INST., LIB. & PHY. PLANT $0 $0 $0 $700,000 $700,000 TECHNOLOGY NEEDS $500,000 $0 $0 $500,000 $500,000 CONSTRUCTION AUGMENTATIONS $200,000 $0 $0 $200,000 $200,000 GASB 45 RETIREE HEALTH BENEFIT FUND $500,000 $0 $0 $500,000 $500,000 SELF-INSURANCE FUND $25,000 $0 $0 $25,000 $25,000 ECONOMIC UNCERTAINTIES $400,000 $400,000 $0 $400,000 $400,000 STATE SETTLE UP FUNDS $0 $0 $0 $0 $0UNDESIGNATED RESERVE $2,205,911 $1,287,058 $6,937,043 $1,638,375 ($188,031)

TOTAL RESERVES $8,479,435 $6,335,582 $11,585,566 $8,715,154 $6,862,232

TOTAL EXPENSES & ENDING BALANCE $100,224,908 $101,716,289 $104,103,755 $101,825,743 $99,442,493

ENDING BALANCE AS % OF EXPENDITURE 7.80% 6.64% 12.52% 7.14% 5.22%




PROJECTED REVENUE

7

CERRITOS COMMUNITY COLLEGE DISTRICT2009-10 PROPOSED ADOPTED BUDGET


APPORTIONMENT78%

LOTTERY2%

OTHER STATE

2%

TAXES8%

ENROLL FEE6%

OTHER LOCAL4%

GENERAL FUND REVENUE

CERTIFICATED SALARIES

46%

CLASSIFIED SALARIES21%

STAFF BENEFITS19%

BOOKS & SUPPLIES2%

SERVICES & OPERATIONS

10%

CAPITAL OUTLAY1%

POSITIVE VARIANCES-1%

GENERAL FUND EXPENDITURES


8



GENERAL FUND RESTRICTED-

CATEGORICAL

9


In our planning we are anticipating reductions based on pending detailed information and guidelines from the State. We have not received this information as of 8/20/09.

10


11

2008-09 2009-10 2009-102008-09 2008-09 ACTUAL/UNAUDITED PROPOSED PROPOSED



INCOME

FEDERAL $1,714,075 $1,806,454 $2,443,316 $1,612,285 $1,611,591STATE DSPS $1,452,535 $1,452,535 $1,845,616 $1,452,535 $1,452,535 EOPS $812,944 $1,046,661 $1,042,980 $818,422 $818,422 MATRICULATION $1,034,338 $1,034,338 $1,102,849 $1,034,338 $1,034,338 OTHER STATE $6,818,438 $7,313,216 $5,545,395 $4,881,597 $3,971,406LOCAL OTHER LOCAL $404,038 $424,038 $392,847 $404,038 $404,038 INCOMING TRANSFER $0 $0 $545,082 $0 $0

TOTAL INCOME $12,236,368 $13,077,242 $12,918,085 $10,203,215 $9,292,330




GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)

PROJECTED EXPENDITURES & ENDING BALANCE

12



EXPENDITURES

CERTIFICATED SALARIES $1,146,227 $1,379,946 $2,651,970 $1,161,990 $1,161,990CLASSIFIED SALARIES $2,462,489 $2,939,431 $3,622,530 $2,167,727 $2,147,801STAFF BENEFITS $1,082,720 $1,127,103 $1,303,315 $1,061,235 $1,037,186BOOKS & SUPPLIES $5,190,962 $4,743,282 $807,708 $3,834,014 $3,090,973SERVICES & OPERATIONS $536,874 $742,098 $1,008,520 $593,926 $435,858CAPITAL OUTLAY $178,240 $475,282 $1,079,419 $550,222 $550,222OTHER OUTGO $315,914 $559,277 $593,856 $326,056 $326,056

TOTAL EXPENDITURES $10,913,426 $11,966,419 $11,067,318 $9,695,170 $8,750,086

ENDING BALANCE $3,053,823 $2,841,704 $3,581,648 $2,238,926 $4,123,892





FEDERAL17%

DSPS16%

EOPS9%

MATRICULATION11%

OTHER STATE43%

OTHER LOCAL4%

GENERAL FUND - RESTRICTED REVENUE

PROJECTED REVENUE

13




14



CERTIFICATED SALARIES

13.3%

CLASSIFIED SALARIES

24.5%

STAFF BENEFITS11.9%

BOOKS & SUPPLIES35.3%


5.0%

CAPITAL OUTLAY6.3% OTHER OUTGO

3.7%

GENERAL FUND - RESTRICTED EXPENDITURES

CERTIFICATES OF PARTICIPATION

FUND

15


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 to complete PeopleSoft Conversion.

16


17



NET BEGINNING BALANCE $166,605 $166,605 $166,605 $148,467 $148,467

INCOME & TRANSFERS IN

INTEREST $0 $0 $3,862 $0 $0PROCEEDS FROM COPS $0 $0 $0 $0 $0TRANSFERS IN $0 $0 $0 $0 $0

TOTAL INCOME $0 $0 $3,862 $0 $0

NET BEGINNING BALANCE & INCOME $166,605 $166,605 $170,467 $148,467 $148,467



OTHER DEBT SERVICE FUND - COPS (FUND 29.0)

CERTIFICATES OF PARTICIPATION FUNDING FOR CAPITAL OUTLAY PROJECTS


18



EXPENDITURES

EXPENDITURES $166,605 $166,605 $22,000 $147,153 $147,153OTHER DEBT SVC $0 $0 $0 $0 $0

TOTAL EXPENDITURES $166,605 $166,605 $22,000 $147,153 $147,153

ENDING BALANCE $0 $0 $148,467 $1,314 $1,314

TOTAL EXPENSES & ENDING BALANCE $166,605 $166,605 $170,467 $148,467 $148,467



OTHER DEBT SERVICE FUND - COPS (FUND 29.0)

CERTIFICATES OF PARTICIPATION FUNDING FOR CAPITAL OUTLAY PROJECTS

SPECIAL REVENUE FUND

19


ESTIMATED REVENUES/EXPENDITURES:

This fund was established to account for the financial activities of the following entities with total revenue projected at $5,500,979 Community Education: $1,894,977 Contract Education: $1,272,350 Cosmetology: $197,746 Culinary Arts: $180,262 Parking: $1,955,644

20


21




INCOME

COMMUNITY EDUCATION $1,894,977 $1,894,977 $1,399,414 $1,894,977 $1,894,977CONTRACT EDUCATION $1,272,350 $1,217,586 $934,489 $1,272,350 $1,272,350COSMETOLOGY $197,746 $197,746 $221,129 $197,746 $197,746CULINARY ARTS $180,262 $180,617 $177,292 $180,262 $180,262PARKING $1,955,644 $2,065,390 $1,130,337 $1,955,644 $1,955,644INTEREST $0 $0 $48,101 $0 $0INCOMING TRANSFERS $0 $109,746 $109,746 $0 $0

TOTAL INCOME $5,500,979 $5,666,062 $4,020,507 $5,500,979 $5,500,979




OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)

COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING


22



EXPENDITURES

COMMUNITY EDUCATION $1,589,665 $1,589,665 $1,461,724 $1,596,081 $1,599,252CONTRACT EDUCATION $1,933,126 $1,923,926 $923,278 $1,167,049 $1,163,792COSMETOLOGY $152,387 $152,387 $229,065 $152,387 $152,387CULINARY ARTS $200,575 $200,575 $169,761 $172,600 $172,600PARKING $1,439,046 $1,548,792 $1,169,107 $1,466,257 $1,468,265


ENDING BALANCE $2,700,715 $2,765,252 $2,582,107 $3,461,140 $3,526,790





COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING

PROJECTED REVENUE

23

COMMUNITY EDUCATION

34%

CONTRACT EDUCATION23%

COSMETOLOGY4%

CULINARY ARTS3%

PARKING36%

SPECIAL REVENUE FUNDREVENUE




24

COMMUNITY EDUCATION

35%

CONTRACT EDUCATION26%

COSMETOLOGY3%

CULINARY ARTS4%

PARKING32%

SPECIAL REVENUE FUNDEXPENDITURES



VINTAGE CERRITOSSTUDENT SUCCESS

25


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 James Irvine Foundation: $173,762

26


Expenditures: Sakai r-Smart: $28,000 Library Information System: $52,297 James Irvine Foundation: $173,762

27


28




INCOME

INTEREST $0 $0 $55,414 $0 $0GROUND LEASE $380,267 $380,267 $511,558 $380,267 $380,267JAMES IRVINE FOUNDATION $76,238 $76,238 $53,212 $173,762 $173,762

TOTAL INCOME $456,505 $456,505 $620,184 $554,029 $554,029





VINTAGE CERRITOS SENIOR CARE PROJECT


29



EXPENDITURES

SAKAI r-SMART $28,000 $28,000 $24,742 $28,000 $28,000LIBRARY INFORMATION SYSTEM $52,297 $52,297 $48,603 $52,297 $52,297CERRITOS COLLEGE TITLE V $149,891 $149,891 $139,133 $71,456 $0JAMES IRVINE FOUNDATION $76,238 $76,238 $53,212 $173,762 $173,762


ENDING BALANCE $2,207,248 $2,207,248 $2,411,663 $2,285,683 $2,711,633


Expenditures will be designated by the Board for student success




VINTAGE CERRITOS SENIOR CARE PROJECT

PROJECTED REVENUE

30

GROUND LEASE69%

JAMES IRVINE FOUNDATION

31%

VINTAGE CERRITOS SENIOR CARE PROJECTREVENUE

2009-10 PROPOSED ADOPTED BUDGETOTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)



31

SAKAI r-SMART11% LIBRARY

INFORMATION SYSTEM

21%

CERRITOS COLLEGE TITLE V

0%

JAMES IRVINE FOUNDATION

68%

VINTAGE CERRITOS SENIOR CARE PROJECTEXPENDITURES


OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)2009-10 PROPOSED ADOPTED BUDGET

CAPITAL OUTLAY FUND

32



This fund was established to account for State Scheduled Maintenance, Hazardous Material Removal, and Construction/Remodeling projects. Other activities include District Match for Instructional Equipment, Library Materials and Physical Plant, Technology Needs and Construction Augmentation.

33


34




INCOME & TRANSFERS IN

STATE CLAIMS / INCOME $10,257,028 $10,440,681 $877,620 $10,206,603 $9,561,119INTEREST $0 $0 $174,630 $0 $0LOCAL INCOME $0 $0 $649,988 $0 $0TRANSFERS IN / DISTRICT MATCH $867,373 $1,149,576 $6,321,587 $700,000 $700,000

TOTAL INCOME $11,124,401 $11,590,257 $8,023,825 $10,906,603 $10,261,119




CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)


35



EXPENDITURES

SEISMIC RETROFIT-GYM $10,257,028 $10,257,028 $695,909 $10,206,603 $9,561,119SCHEDULED MAINTENANCE $628,761 $1,094,617 $287,658 $367,306 $802,887LOCAL PROJECTS/FUNDS $4,667,216 $4,667,216 $303,614 $4,393,601 $6,371,556TRANSFERS OUT/DISTRICT MATCH $167,373 $167,373 $167,373 $0 $0


ENDING BALANCE $2,179,497 $2,179,497 $13,344,745 $2,714,567 $6,870,302

TOTAL EXPENDITURES & ENDING BALANCE $17,899,875 $18,365,731 $14,799,299 $17,682,077 $23,605,864




PROJECTED REVENUE

36

STATE CLAIMS / INCOME93.2%

TRANSFERS IN / DISTRICT MATCH

6.8%

CAPITAL OUTLAY REVENUE




37

SEISMIC RETROFIT-GYM57%

SCHEDULED MAINTENANCE

5%

LOCAL PROJECTS/FUNDS38%

TRANSFERS OUT/DISTRICT MATCH

0%

CAPITAL OUTLAY PROJECTS EXPENDITURES



REVENUE AND CONSTRUCTION FUND

38



This fund was established to track all projects generated by the GO Bond funds.

The District has successfully issued $55 million in Series 2009C (funds received June 11, 2009)

39


40

2008-09 2009-10 2009-10

2008-09 2008-09 ACTUAL/UNAUDITED PROPOSED PROPOSED

ADOPTED REVISED REVENUE/ TENTATIVE ADOPTED

BUDGET BUDGET EXPENDITURES BUDGET BUDGET

NET BEGINNING BALANCE $23,763,401 $23,763,401 $23,763,401 $0 $55,324,856

INCOME

INTEREST $500,000 $500,000 $486,162 $0 $0

NEW BOND SALE, SERIES 2009C $55,000,000 $55,000,000 $0

TOTAL INCOME $500,000 $500,000 $55,486,162 $55,000,000 $0




REVENUE AND CONSTRUCTION FUND (FUND 42.0)

GENERAL OBLIGATION BOND FUND


41

2008-09 2009-10 2009-10

2008-09 2008-09 ACTUAL/UNAUDITED PROPOSED PROPOSED

ADOPTED REVISED REVENUE/ TENTATIVE ADOPTED

BUDGET BUDGET EXPENDITURES BUDGET BUDGET

EXPENDITURES

AUTOMOTIVE TECH MODERNIZATION $1,000,000 $222,998 $154,723 $4,000,000 $9,527,015

CLASSROOM/LAB/OFFICE COMPLEX # 1 $5,000,000 $1,769,848 $2,192,190 $4,000,000 $8,991,317

NEW AUTOMOTIVE TECH BLDG $650,000 $650,000 $967,799 $2,000,000 $8,683,612

FACILITIES/WAREHOUSE/PURCHASING $2,900,000 $550,000 $455,173 $1,125,000 $3,500,000

CONSTRUCTION MANAGEMENT $1,200,000 $2,854,666 $2,581,945 $3,085,000 $3,010,000

AQUATIC CENTER $4,975,224 $3,765,569 $4,659,549 $325,000 $2,537,468

FIRE ALARM UPGRADE $180,000 $530,000 $490,238 $530,000 $2,037,985

LIBERAL ARTS PROJECT $710,000 $410,000 $81,733 $1,500,000 $2,000,000

INFORMATION TECH UPDATES $100,000 $54,631 $978,588 $2,000,000

PARKING LOT RENOVATIONS $150,000 $156,595 $1,500,000 $1,700,000

SOCIAL SCIENCE PROJECT $400,000 $200,000 $186,421 $1,550,000 $1,550,000

CAMPUS ACCESSIBILITY UPGRADES $40,000 $29,080 $1,500,000 $1,500,000

GENERAL CAMPUS REPAIRS $650,000 $250,000 $22,042 $250,000 $1,000,000

MISCELLANEOUS PROJ BELOW $1 MILLION* $6,163,332 $12,270,321 $11,892,588 $3,601,746 $6,063,562


ENDING BALANCE $434,845 $499,999 $55,324,856 $29,054,666 $1,223,897


* Detailed list attached



REVENUE AND CONSTRUCTION FUND (FUND 42.0)

GENERAL OBLIGATION BOND FUND

AUTOMOTIVE TECH MODERNIZATION

17% CLASSROOM/LAB/OFFICE COMPLEX # 1

17%NEW AUTOMOTIVE

TECH BLDG16%

FACILITIES/WAREHOUSE/PURCHASING

6%

CONSTRUCTION MANAGEMENT

5%

AQUATIC CENTER5%

FIRE ALARM UPGRADE4%

LIBERAL ARTS PROJECT4%

INFORMATION TECH UPDATES

4%

PARKING LOT RENOVATIONS

3%

SOCIAL SCIENCE PROJECT

3%

CAMPUS ACCESSIBILITY UPGRADES

3%

GENERAL CAMPUS REPAIRS

2%

MISCELLANEOUS PROJ BELOW $1 MILLION*

11%

GENERAL OBLIGATION BOND FUND EXPENDITURES


42


REVENUE AND CONSTRUCTION FUND (FUND 42.0)2009-10 PROPOSED ADOPTED BUDGET

43

SELF-INSURANCE FUND



This fund was established in 2004-05 to provide for self-insured risk-management expenses. Transfers in/Expenditures: $25,000

44


45




INCOME

INTEREST $0 $0 $23,003 $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 $48,003 $25,000 $25,000

NET BEGINNING BALANCE & INCOME $921,884 $921,884 $944,887 $921,884 $952,023



SELF-INSURANCE FUND SUMMARY (FUND 61.0)


46



EXPENDITURES $25,000 $25,000 $17,864 $25,000 $25,000

ENDING BALANCE $896,884 $896,884 $927,023 $896,884 $927,023

TOTAL EXPENSES & ENDING BALANCE $921,884 $921,884 $944,887 $921,884 $952,023



SELF-INSURANCE FUND SUMMARY (FUND 61.0)

STUDENT HEALTH SERVICES FUND

47



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 $849,709 will be generated in revenue.

48


49



NET BEGINNING BALANCE * $1,245,131 * $1,245,131 $1,245,131 $1,245,131 $1,462,298

INCOME

INTEREST $35,000 $35,000 $22,876 $15,000 $15,000HEALTH FEES $775,700 $775,700 $908,969 $834,709 $834,709

TOTAL INCOME $810,700 $810,700 $931,845 $849,709 $849,709


* In accordance with Governmental Accounting Standards the beginning balance includes the cost of the Student Health Services building at $412,375 as an asset



STUDENT HEALTH SERVICES FUND (FUND 69.0)


50



CLASSIFIED SALARIES $493,095 $493,095 $408,284 $405,804 $405,804STAFF BENEFITS $165,814 $165,814 $117,910 $150,905 $150,911BOOKS & SUPPLIES $80,000 $80,000 $64,411 $133,000 $133,000SERVICES & OPERATIONS $100,800 $100,800 $115,455 $145,000 $126,250CAPITAL OUTLAY $10,000 $10,000 $8,619 $15,000 $15,000


ENDING BALANCE $1,206,122 $1,206,122 $1,462,298 $1,245,131 $1,481,042





CLASSIFIED SALARIES48.8%

STAFF BENEFITS18.2%

BOOKS & SUPPLIES16.0%


15.2%

CAPITAL OUTLAY1.8%

STUDENT HEALTH SERVICES EXPENDITURES


51



52

RETIREE HEALTH BENEFIT FUND

GASB 45



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 $3.2 million in the 2009-10 year.

53


54




INCOME

INTEREST $0 $0 $61,935 $0 $0TRANSFERS IN $500,000 $500,000 $500,000 $500,000 $500,000

TOTAL INCOME $500,000 $500,000 $561,935 $500,000 $500,000




RETIREE HEALTH BENEFIT FUND SUMMARY (FUND 69.1)


55



EXPENDITURES $0 $0 $0 $0 $0

ENDING BALANCE $2,693,041 $2,693,041 $2,754,976 $3,193,041 $3,254,976




RETIREE HEALTH BENEFIT FUND SUMMARY (FUND 69.1)

FINANCIAL AID FUND

56



This fund distributes financial aid to students.

Programs include: Pell Grant: $20,000,000 SEOG: $345,549 Cal Grants: $2,000,000 Nursing Grants: $14,989 Academic Competitiveness Grant: $150,000

Expenditures consist of cash grants and book vouchers

57


58




INCOME

PELL GRANT $12,000,000 $17,000,000 $17,284,281 $20,000,000 $20,000,000SEOG $339,186 $339,186 $339,448 $345,549 $345,549CAL GRANTS $1,800,000 $1,800,000 $1,459,254 $2,000,000 $2,000,000NURSING GRANTS $213,819 $3,097 $3,097 $3,097 $14,989ACADEMIC COMPETITIVENESS GRANT $130,000 $130,000 $107,275 $150,000 $150,000INTEREST $0 $0 $6,000 $0 $0

TOTAL INCOME $14,483,005 $19,272,283 $19,199,355 $22,498,646 $22,510,538




STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)


59



EXPENDITURES

STUDENT FINANCIAL AID* $14,494,478 $19,283,756 $19,193,355 $22,498,646 $22,510,538


ENDING BALANCE $97,076 $97,076 $114,549 $97,076 $114,549


*Books & Supplies are classified under Student Financial Aid



STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)

PROJECTED REVENUE

60


STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)2009-10 PROPOSED ADOPTED BUDGET

PELL GRANT89%

SEOG 1%

CAL GRANTS9%

NURSING GRANTS0%

ACADEMIC COMP1%

STUDENT FINANCIAL AID FUND REVENUE

The End

For any questions, please contact Jim Albanese [email protected]

Ext 2242 Lola Rizkallah [email protected]

Ext 2266

Thank You

61

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