Budget update welcome back
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Budget Update Welcome Back. Mazie L. Brewington February 1, 2013. “While the California budget is uncertain, there is one thing that is certain, it will change.”. 2012-2013 Budget. Prop 30 passed- significant workload reductions avoided Small amount of growth included-$50 mil system wide

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Budget update welcome back

Budget UpdateWelcome Back

Mazie L. Brewington

February 1, 2013

  • “While the California budget is uncertain, there is one thing that is certain, it will change.”


2012 2013 budget

2012-2013 Budget

  • Prop 30 passed- significant workload reductions avoided

  • Small amount of growth included-$50 mil system wide

  • $159 mil deferral buy down

  • No COLA

  • No restoration of categorical programs


Antelope valley college 2012 2013 budget impact

Antelope Valley College 2012-2013 Budget Impact

  • Base FTES stays at 2011-2012 levels of 10,499 plus a small growth of 94 FTES. New base is 10,699 FTES.

  • Growth dollars estimated at ~$420K

  • Deferrals go from $14,165,447 to $11,821,736


2012 2013 unrestricted fund estimates

2012-2013 Unrestricted Fund Estimates

Beginning Balance$ 7,502,546

Revenues$56,848,750*

Expenditures$56,368,266

Ending Fund Balance$ 7,983,030

Surplus/(Deficit)$ 480,484

Reserve % 14.16%

*Preliminary figures. Subject to change with P1 and PY Recalculation figures


2013 2014 governor s budget

2013-2014 Governor’s Budget

  • Released Jan 10th-Declares no longer facing structural shortfalls.

  • Estimates a 5% increase over prior year budget in 13-14 and shows surpluses over the next 3 years

  • Prop 30 & Prop 39 expected to generate $7.2 bil in 13-14

  • 13-14 Prop 98 guarantee expected to be $56.2 bil, a 4.8% increase above 12-13 estimates


2013 2014 proposed community college budget

2013-2014 Proposed Community College Budget

  • Shift $315.7 mil from Adult Education/ Apprenticeship to Community Colleges

  • Includes a $196.9 mil undesignated Apportionment increase

  • $179 mil deferral buy down

  • $49.5 mil in projects that support energy efficiency

  • $16.9 mil to expand online course for matriculated undergraduates


2013 2014 budget timelines

2013-2014 Budget Timelines

Jan – May: Legislative Hearings

End of Jan 2012: LAO releases budget analysis

Mar 1: DOF requests legislative action early on

certain items

May 14: Governor releases May revise

June 15: Constitutional deadline for Legislature

to send budget to Governor


Budget update welcome back

Questions?


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