Resource Development Subcommittee TREY Research and Budget Updates 2025-26
Explore the latest updates on budget allocation and resource development for the 2025-26 fiscal year, including tentative budget development, discretionary reallocation worksheets, and processes for requesting new resources. Stay informed about financial targets, deficit factors, and budget projections affecting the SDCCD. Follow the progress of the budget development process as various departments complete their allocation worksheets and prioritize resource requests.
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Presentation Transcript
Budget & Resource Development Subcommittee TREY research March 12, 2025
TREY research 2
2025-26 Tentative Budget Development Discretionary Reallocation Worksheets distributed to Managers February 4, 2025 Worksheets due back to Business Office March 4, 2025 Total Discretionary budget remains at 2024-25 amount Allocated by formula - FTES Target X $100 $1,006,657 Opportunity to reallocate current resources to meet budget objectives for the 2025-26 fiscal year All worksheets have been completed BRDS budget process has been completed TREY research 3
2025-26 Tentative Budget Development Discretionary Reallocation Areas completing worksheets Administrative Services - Bell Academic Services Odu Communications/PIO Quis College Technology Services Hill Institutional Effectiveness and Planning Miramontez Instruction - Odu LEAD/Equity Julian President Lundburg Student Services - Gonzalez TREY research 4
Process Review Request for New Resources, Adopted Budget 1. Export request for resources from Nueventive 2. Sort for ONGOING requests 3. Sort for Type of Request = DEPARTMENT DISCRETIONARY BUDGET INCREASE 4. Remove Title Duplicates caused by Unit Goal Alignment 5. Sort for PROGRAM combine and send to Dean/Manager/Director 6. Dean/Manager/Director rank prioritize with Dept Chair / Lead 7. Dean/Manager/Director send worksheet to Executive Cabinet 8. Executive Cabinet will allocate available resources 9. Dean/Manager/Director select resource request and Executive Cabinet will transfer to Request for New Resource form and report out 10. Example TREY research 5
2025-26 Budget Update 2023-24 Recalculation Apportionment SDCCD met its SCFF financial targets SDCCD generated 903 Unfunded FTES = $6.6M 2024-25 First Principal Apportionment State Dept of Finance projecting a current 6.5% deficit due to lagging property tax collection This translates to a 7.1% deficit factor to SDCCD Expectation is that this will resolve as tax receipts are collected throughout the year SDCCD is currently on track to generate 569 Unfunded FTES = $3M 2025-26 Budget Development Modest increases continue to be considered COLA is still projected Next State update will be May 15, 2025 Miramar s Tentative Budget Development is underway and due to be finalized May 30 TREY research 6
Questions ? TREY research 7
