De Anza College Town Hall

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De Anza College Town Hall

• 2007-2008 BUDGET UPDATEOctober 30, 2007

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Review of 6/30/07 Ending Balance

• The 6/30/07 ending balance was 34,149,572,
  which will be used as follows
• 9,260,000 to maintain Districts 05/06 budgeted
  5 reserves
• 17,628,949 for College/Central Services
  carryover
• 311,245 for encumbrances carryover
• 3,667,417 for District-Wide carryover
  (negotiated contract items, 07/08 election
  expenses, Bridge Loan backfill, EIS backfill,
  Board Stability Fund, etc.)
• Undesignated 06/07 ending balance 3,281,961

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05/06 vs. 06-07 Carryover
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Where are we now for 07-08?

• Current Income (ongoing) vs. Current Expenses
  (ongoing)
• Income 182,024,649
• Expenses 178,336,118
• Difference 3,688,531

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Major Revenue Assumptions

• State Revenues
• Cost of Living Adjustment from the State
  increased revenue by 6.7M
• No Equalization funding in 07-08 (in 06-07 we
  received a two year, one-time only allocation)
• Enrollment has been forecast to assume we will
  recover from decline in resident FTES back to
  2005-06 base of 32,526.
• Non-resident enrollment has been forecast at a
  slight increase from 2006-07 to 3,581 FTES
• Mandated Cost Reimbursement 0
• Interest Income increased to 2.6M

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Comparison of State Allocated One Time Funds
06/07 and 07/08 (General Fund Only)

• FY 06/07
• Equalization--4.2M
• Prop 98 funds (unrestricted)--2.9M
• Total one time allocation 7.1M
• FY 07/08
• None in unrestricted funds

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07/08 categorical programs district-wide
allocation (based on 9/20/07 advanced
apportionment)

• Student Financial Aid Administration (BFAP)
  960,000
• E.O.P.S. 1.7M
• C.A.R.E. 175,000
• D.S.P.S. 4.1M
• TANF (GAIN) 78,000
• Calworks 343,000
• Credit Matriculation 2.1M
• Non-Credit Matriculation 48,000
• Telecomm and Technology 72,000
• Instructional Equipment and Library 357,000
• Economic Development 505,000
• Basic Skills 291,000

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Chart on Foothill-De Anza Enrollment
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Analysis of FTES
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Apportionment FTES 07/08
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07/08 Growth Model
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Growth Model In Normal Year (when all expenses
have to be absorbed as growth occurs)
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FHDA 2007-08 Budgeted Productivity

• FTES from regular on-campus and off-campus
  programs was budgeted at 32,512 FTES and
  productivity of 535
• In addition, the Job Corps Program at De Anza
  College and the Performing Arts Alliance Program
  at Foothill College were estimated to generate
  3,595 FTES
• These FTES numbers will be adjusted by new growth
  estimates as we monitor our enrollment through
  the year

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Significant New Expense Items Budgeted in 07/08

• 290,000 projected in utilities cost increase
• Transfer out to Parking Fund to cover 07-08
  projected operating deficit (268,000)

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FY 07/08 Ending Balance Analysis
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Following will need to be addressed in FY 07-08

• Will we achieve projected recovery?
• Will we achieve projected growth?
• Will our productivity estimates materialize?
• Will we need to adjust our benefits projections?
• How will we use our ongoing and one-time funds?
• 2006-07 ending balance (old funds)
• 2007-08 projected excess revenue over projected
  expenses

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Consolidated Budget Overview
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Fund Balance Overview
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Measure C Status
Lawsuit Oral Arguments - Nov. 15, 2007 Appeal 60
Days From Opinion - Feb-April08
Design Projects Supported By Bridge
Funding Mediated Learning Center Seminar East
Cottage Multicultural Center Estate Winery
Building (Old Bookstore) Construction Projects
Supported By Bridge Funding Signage Lighting
Phase 1 Forum