JCCC Board of Trustees meeting packet - May 2010 - Johnson ...

JOHNSON COUNTY COMMUNITY COLLEGEOFFICE OF THE PRESIDENTMay 20, 2010FY 2010-11 BUDGETREPORT:The FY 2010-11 budget reflects a mill levy of 8.784, which is the same as the prior year. TheBoard Management Committee discussed and recommended budget guidelines to the Board ofTrustees to provide a framework for the building of the FY 2010-11 budget. These guidelineswere considered and adopted by the Board of Trustees at the November 19, 2009 meeting. Theguidelines are as follows:Unencumbered Cash BalancesUnencumbered cash balances will be maintained in accordance with board policy 210.07.Changes to Staffing Authorization TableThere will be no new full time faculty and staff positions. There may be a reduction of positions anda freeze of vacant positions, excepting those deemed mission critical.Staff to Recommend Budget PrioritiesCollege staff will recommend budget priorities to the Board of Trustees for consideration within theframework of these assumptions. The Institutional Planning process will establish priorities withinthe framework of these guidelines.Base BudgetsThe FY 2009-10 budgeted expenditure amounts in the various college funds will not necessarilyserve as base budgets for the various college funds in the FY 2010-11 budget. There will be effortsto identify where reductions of expenditure budgets or reallocation of budget amounts may be made.Assessed Valuation and EnrollmentThe FY 2010-11 budget will be prepared on the assumption that the county’s assessed valuation willdecrease by 5% to 7% . College staff will update the Board of Trustee’s Management Committeethroughout the year on the latest available information on the county’s assessed valuation. The FY2010-11 budget will be prepared using the following assumptions:Assessed Valuation5% to 7% decreaseDelinquency rate on taxes collected 3%Student credit hours 2% increase (updated to 5%)State AidThe FY 2010-11 budget will reflect a 1% decrease.35