Study Session at 5:15 pm W - Rock Valley College

Rock Valley College
Vital Signs-Payroll (Dollars)
Reviewed by: Sam Overton, 03/30/2012
Explanation of major increases in Dollars by Payroll
FY 11
07/01/2010 Payroll calculated FY 11 ESP/PSA Across the Board = $285k plus Merit = $119k; Faculty increases = $449k plus $8k for lane completion.
07/15/2010 25% Summer II $187,005
07/31/2010 25% Summer II, 50% Summer III total $220,210
08/15/2010 25% Summer II, 50% Summer III total $218,864
08/31/2010 Faculty Salary increases; begin Adjunct pay for Fall semester
09/15/2010 Begin Community/Continuing Prof Ed Instructor pay
10/15/2010 FOP retro pay included
01/31/2011 100% of Fall Overload $410,338; Spring Overload estimated at $444,808
03/15/2011 50% Spring Overload $228,253; remainder due 05/15
03/31/2011 Check count is up due to ALL Student Workers being paid by RVC. CWS funds have been exhausted
03/31/2011 Increased FY 11 Payroll Budget $334k and 3 postions for final quarter for EIGER/RASI and Student Success Grant payrolls, see 3rd Qtr Financials
05/15/2011 50% Spring Overload $233,677
06/15/2011 Summer I $188,460
06/30/2011 25% Summer II $194,560; Summer II pay will extend through 08/15
FY 12
07/01/2011 FY 12 FOP Step increases $9,122
07/15/2011 25% Summer II $186,782; Summer II pay will extend through 08/15
07/31/2011 25% Summer II; 50% Summer III total $217,468
08/15/2011 25% Summer II; 50% Summer III total $193,109
08/31/2011 Begin Adjunct pay for Fall semester
09/15/2011 Begin Community/Continuing Prof Ed Instructor pay
01/31/2012 100% of Fall Overload $417,473; Spring Overload estimated at $391,902
03/15/2012 50% Spring Overload $198,093; remainder due 05/15
05/15/2012 50% Spring Overload $xxx
Payroll Dollars (Cash Basis)
Tracking similar to previous years
Conclusion: Currently UNDER budget, includes Student Worker accrual of $40k
Budgeted Positions Growth - FY07 = 464; FY08 = 476; FY09 = 485; FY10 = 494; FY11 = 512, FY12 = 511
Dec-06
Jan-07
Jun-07
Dec-07
Jan-08
Jun-08
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
Mar-12
FY 07 YTD is exceeding FY 06 YTD by about 3%; FY 07 YTD is 94% of straight line budget, with $716k toward Overloads
FY 07 YTD is exceeding FY 06 YTD by about 3%; FY 07 YTD is 95% of straight line budget, with $665k toward Overloads
FY 07 YTD is exceeding FY 06 YTD by about 3%; FY 07 YTD is 98% of straight line budget, with $514k toward Surplus
FY 08 YTD is exceeding FY 07 YTD by about 5%; FY 08 YTD is 96% of straight line budget, with $527k toward Overloads
FY 08 YTD is exceeding FY 07 YTD by about 5%; FY 08 YTD is 97% of straight line budget, with $422k toward Overloads
FY 08 YTD is exceeding FY 07 YTD by about 5%; FY 08 YTD is 100% of straight line budget, with $71k toward Surplus
FY 12 YTD is below FY 11 YTD by 2%; FY 12 YTD is 96% of straight line budget, with $382k positive variance available for Overloads
FY 12 YTD is below FY 11 YTD by 2%; FY 12 YTD is 97% of straight line budget, with $424k positive variance available for Overloads
FY 12 YTD is below FY 11 YTD by 2%; FY 12 YTD is 97% of straight line budget, with $512k positive variance available for Overloads
FY 12 YTD is below FY 11 YTD by 3%; FY 12 YTD is 98% of straight line budget, with $375k positive variance available for Overloads
FY 12 YTD is below FY 11 YTD by 3%; FY 12 YTD is 98% of straight line budget, with $464k positive variance available for Overloads
FY 12 YTD is below FY 11 YTD by 3%; FY 12 YTD is 99% of straight line budget, with $304k positive variance available for Overloads
3/30/2012 Page 3
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