Distinct California Budget Highlights and Investments
Explore the recent budget highlights and capital investments at West Hills College Coalinga, including state and California budget insights, economic indicators, and expenditure breakdowns. Gain valuable information on revenue deferrals, growth funding, and strategic financial planning for the future.
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Presentation Transcript
WEST HILLS COLLEGE COALINGA BUDGET Q&A Richard Storti, Deputy Chancellor October 23, 2020
Presentation Topics State Budget Highlights Capital Investments Current Economic Indicators WHCCD FY 2020/21 Budget
California Budget Highlights Revenue Deferrals COLA: -0- Capital Investments Growth Funding: -0- Hold Harmless extended through FY 2023/24 PERS and STRS rates reduced PERS: 22.67% to 20.70% STRS: 18.41% to 16.15% 50% Law Excludes COVID-19 expenses
California Budget Highlights (cont.) Capital Investments
Capital Investments West Hills CCD FY 2020/21 Proposed Budget
West Hills FY 2020/21 Budget Highlights Unrestricted General Fund - Summary of Ongoing Operations Total Revenue Total Expenditures Surplus (Deficit) $ 40,938,402 (40,938,402) $ - Capital Investments Unrestricted General Fund - Fund Balance Beginning Fund Balance (Projected) FY 2020/21 Surplus (Deficit) Transfer to Capital Outlay Ending Fund Balance $ 10,350,000 - (756,000) $ 9,594,000 Fund Balance Allocation Unrestricted General Fund Reserve (20%) Economic Recession Contingency Contingency Reserve Total Ending Fund Balance $ 8,187,680 1,228,152 178,168 $ 9,594,000 20.0% 3.0% 0.4% 23.4%
GF 11 Expense Distribution Capital Outlay, 1% Other Operating Expenses, 17% Capital Investments Academic Salaries, 36% Supplies and Materials, 2% Employee Benefits, 21% Classified Salaries, 17%
Historical FTES Fiscal Year FTES Change Capital Investments % Increase 2014 / 15 Actual 5,114 2015 / 16 Actual 5,286 172 3.4% 2016 / 17 Actual 5,504 218 4.1% 2017 / 18 Actual 5,757 253 4.6% 2018 / 19 Actual 6,215 458 8.0% 2019 / 20 Actual 5,842 (373) -6.0% 2020 / 21 Target 5,100 (742) -12.7%
Questions? Capital Investments
