Accreditation - Hartnell College!!

More documents

Recommendations

Info

III.D FINANCIAL RESOURCES Financial resources are sufficient to support student learning programs and services and to improve institutional effectiveness. The distribution of resources supports the development, maintenance, and enhancement of programs and services. The institution plans and manages its financial affairs with integrity and in a manner that ensures financial stability. The level of financial resources provides a reasonable expectation of both short-term and long-term financial solvency. Financial resource planning is integrated with institutional planning at both college and district/system levels in multi-college systems. Descriptive Summary All financial planning at Hartnell College flows from the college mission. (III.D.1 Hartnell College Mission) As such, the mission, along with the college’s annual goals and core missions of transfer, basic skills, work force and stewardship of resources are incorporated into the annual fiscal planning process. FISCAL PLANNING TO SUPPORT PROGRAMS AND SERVICES This fiscal planning process involves such factors as the allocation of FTES, the allocation of one-time and ongoing funds to the discretionary funds, as well as the allocation of resources such as technology and infrastructure. Additionally, the mission and goals are reviewed annually by the FIS and RAC Committees. In recent years, a stronger and deeper focus on integrated planning has been evident throughout the governance structure at the college. By continually reflecting on the foundational budget planning process, existing and developing tools, and the dialogue taking place in program reviews and budgeting committees, the college maintains its reliance on its mission and goals as the shepherd for financial planning. Furthermore, program plans are established at all levels (institutional, program and divisional) in terms of funding requests, based on academic resource needs and institutional strategic planning. The District’s total budget for all funds for Fiscal Year (FY) 2012-13 is $78.1 million. This is comprised of $45 million or 58% in General Funds; $18.7 million or 24% in Capital Projects Funds; $13 million or 17% of Trust and Agency Funds, including student financial aid; and $1.4 million or 1% other funds which include Child Development Fund, Cafeteria, Bookstore and Internal Service funds. (III.D.1 Tentative budget) General Unrestricted Fund revenue of $32.9 million consists of property taxes (60%), State Apportionment (29%), student fees (7%), and others (4%). These funds are used for academic salaries (38%), classified salaries (22%), benefits (22%), operating costs (18%) which include facility maintenance, supplies, contracted services, and equipment. (III.D.1 Tentative budget) Page 1
Approximately $9.7 million or 21% of the District’s General Fund budget includes resources from grants and categorical funding that provide program services and other student support services. (III.D.1 Tentative budget) Despite cuts in categorical funding in the amount of 1.2 million (4b – Categorical Funding Analysis) between FY 2007-08 and FY 2011-12, overall grant and categorical funding has held steady, with expenses of approximately $10 million per year funneling through the business office (4c – 2009-2013 Tentative Budget funds 74,33,12). This figure does not include student financial aid actual expense, that has increased from 16 million in FY 2008-09 to over 23 million in FY 2011-12. A comparison of community colleges in the region (4d – Local Community College Comparison) shows that Hartnell administered more grant funding than all four other regional community colleges, despite the fact that several of the colleges have a restricted general fund budget that is significantly higher than Hartnell College. The success around receiving grant funding and the programs subsequently funded is due largely to the collaboration between the college and the Office of Advancement, which oversees the Hartnell Foundation. The Office of Advancement has expanded significantly since FY 2006-07 when the total of operating funds, unendowed funds, and endowed funds was approximately 4.4 million. Comparatively, FY 2010-11 (4e based on P and L report, not audit statements) showed net assets of approximately $9.75 million. The Office of Advancement has developed a five-year plan, in collaboration with industry, K12 administrators and other community member; that, coupled with a pool of expert grantwriters has rendered much success in the pursuit of grant funding. For example, at the time of this writing, the college manages four active Title V grants, each of them five year funding streams. (Please refer to the most current list of grants (4F – Public Grant List) to see the full range of funding that flows through the Grants Management office.) The Business Office continues to provide leadership and works closely with College constituents evidenced by the consistent involvement of the chief business officer (CBO) in shared governance committees under the Resource Allocation Committee (RAC). Financial information is disseminated throughout the institution via shared governance committees, including: RAC; Technology, Human Resources, Facilities Planning Committee; Enrollment Management, Matriculation, Student Policy Review Committee; Financial Information Subcommittee (FIS); and the Program Planning and Assessment Committee. Grant funding is leveraged with input from College wide administration, faculty, and Grant Project Directors. Collaboration between grant-funded programs with similar deliverables and outcomes is encouraged. BUDGET PREPARATION AND DECISION MAKING The budget preparation process is conducted in a manner that coordinates efforts to achieve an overall budget that supports the mission and goals established as a result of institutional planning and assessment (described in Standard I.B). The District budget planning process includes but is not limited to the following: Assess previous budget history and anticipated needs for the coming year from each program and department. Page 2
Page 1 and 2:
H A R T N E L L C O M M U N I T Y C
Page 3 and 4:
Institutional Self Evaluation - 12-
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
BSI Improvement (%) Institutional S
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200: Institutional Self Evaluation - 12-
Page 249: Institutional Self Evaluation - 12-
Page 253 and 254: The college meets this standard. Pl
Page 255 and 256: levels that support the college’s
Page 257 and 258: III.D.1.b Institutional planning re
Page 259 and 260: Assumptions are reviewed during the
Page 261 and 262: The institutional planning and asse
Page 263 and 264: The audit report includes a managem
Page 265 and 266: financial decision making process i
Page 267 and 268: III.D.3.a The institution has suffi
Page 269 and 270: and restricted funds; and to demons
Page 271 and 272: Planning Agenda None. III.D.3.d The
Page 273 and 274: III.D.3.g Contractual agreements wi
Page 275 and 276: III.D.4 Financial resource planning
Page 277 and 278: Standard III D: Evidence III.D.1 Ha
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
Page 307 and 308:
Page 309 and 310:
Page 311 and 312:
Page 313 and 314:
Page 315 and 316:
Page 317 and 318:
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
Page 327 and 328:
Page 329 and 330:
Page 331:
show all

Accreditation - Hartnell College!!

Create successful ePaper yourself

Delete template?

Save as template?