9102020 SOUTH SEATTLE COMMUNITY COLLEGE All College Meeting

9/10/2020 SOUTH SEATTLE COMMUNITY COLLEGE All College Meeting March 12, 2014 Olympic Hall 1

9/10/2020 WELCOME TO 2014 -15 FY PLANNING Strategic Priority and Budgeting Operating Budget Overview Unmet Needs Budget Development Timeline 2

WHAT IS BUDGET? Board approved spending authority Financial road map to implement the strategic plan Tool for management accountability, compliance, and control

BUDGET DEVELOPMENT PROCESS Led by College Council Empower campus community to assert leadership and engage in institutional decision making Develop, prioritize and communicate initiatives and projects Identify, share, and make the most effective use of college resources

9/10/2020 COLLEGE CORE THEMES STUDENT ACHIEVEMENT TEACHING AND LEARNING COLLEGE CULTURE AND CLIMATE COMMUNITY ENGAGEMENT AND PARTNERSHIPS 5

9/10/2020 TOTAL COLLEGE BUDGET 6

9/10/2020 OPERATING BUDGET 7

9/10/2020 ENROLLMENT CHALLENGES College is allocated funds with the expectation of providing a certain level of education measured in FTES. Ø Ø No relief in enrollment target Low enrollment Economic recovery Competition and program offerings 8

9/10/2020 2014 -15 FY STRATEGIC BUDGETING INCREASE Enrollment, Retention, Completion Meet FTE target Increase tuition collection Promote the long-term financial stability of the College 9

9/10/2020 2014 -15 FY FISCAL VARIABLES State Operating Budget is not yet finalized Second year of 2013 -15 Biennium State Economic Forecast NO tuition increase Allocation change to Student Achievement Base model Impact of International program support to college 10

9/10/2020 2014 -15 FY INITIATIVES TO FUND New BAS Sustainable Building Financial Aid Loan Program District wide initiatives Faculty Negotiations Tenure Faculty stipends Turnover Savings Salary Increase Institutionalizing grant programs ERP impact Classified increments Other 11

9/10/2020 2014 -15 FY BALANCING ACT Meet enrollment target Increase tuition collection Funding ongoing costs from accumulated Carry Forward is not fiscally sustainable 12

2014 -15 FY BUDGET DEVELOPMENT FUNDED Same level of Operating Budget is guaranteed for 1415 FY. NO Reductions NOT FUNDED • • • Prioritized list of unmet needs Look at a big picture Identify an alternative funding models

9/10/2020 CALENDAR March Review and approval of Fees Provide Budget Development Worksheet March 14 April Complete Budget Development Worksheets Develop realistic budget to meet the needs Submit to department Vice Presidents by April 10 Submit Worksheets to the Business Office April 18 14

9/10/2020 CALENDAR April-May Submit prioritized list of requests/cuts to College Council April 18 College Council Hearings April 23 & 24 June College-wide Budget Hearing June 4 Final budget approved 15

9/10/2020 SUMMARY Manage within the resources Prioritize initiatives Develop sustainable budget 16

9/10/2020 QUESTIONS Thank You! 17