Fiscal Year 2013-14 - Lake Tahoe Community College

S T A B I L I Z A T I O N T O R E S T O R A T I O N
2,000
1,800
1,600
Stabilization to Restoration
Using Reserves to Help Bridge the Gap
$2,500,000
$2,000,000
FTES
1,400
1,200
1,000
800
$1,500,000
$1,000,000
Reserves
600
400
$500,000
200
0
2011-12 2012-13 2013-14 2014-15 2015-16
$0
Projected FTES 0 0 1750* 1800** 1850**
Stabilized FTES 0 420 0 0 0
Actual FTES 1884 1464 0 0 0
Unrestricted Reserves 2300000 2100000 1660000 1360000 1360000
* Projected FTES
** The FTES numbers are not yet projected and are for illustrative purpose only.
The graph above illustrates the impact of shifting FTES and the relationship with LTCC’s reserve
levels.
In FY12-13, 420 FTES were stabilized, providing a one-time adjustment equating to approximately $1.966
million worth of revenue at LTCC. This is a one-year stabilization safety net that will not be available to LTCC
in FY13-14 or future years. The college is planning a strategic spend-down of its reserves over FY13-14 and
FY14-15 in order to invest those funds to restore FTES and bring the organization back to a more sustainable
level.
LTCC has used $400,000 in reserves in the FY13-14 budget and is holding a declining enrollment reserve in
the amount of $300,000 for use in FY14-15 to help address this issue.
Reserve levels in the graph are approximate. Unrestricted reserves in FY11-12 reflect the reserve amount
after a one-time approximately $440,000 transfer to the retiree benefits fund.
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