Contents Introduction ......................................................................................................................................... 3 Executive Summary – FY 2019 Overview ...................................................................................... 4 FUNDS: How we are organized ........................................................................................................ 5 Operating Funds ............................................................................................................................. 5 Non-Operating Funds .................................................................................................................... 5 DIVISIONS -How we are organized .................................................................................................. 6 I. Budget Drivers – Revenue ........................................................................................................ 9 The Starting Point - State Funded Enrollment .......................................................................... 9 Total Revenues – Operating Funds ........................................................................................... 10 Tuition ............................................................................................................................................. 10 II. Budget Drivers – Operating Expenses ................................................................................. 12 Fall FTE by employee type .......................................................................................................... 12 III. The FY 2019 Operating Budget ......................................................................................... 14 State and Tuition Fund ................................................................................................................ 15 State Allotment .............................................................................................................................. 15 Net tuition revenue ....................................................................................................................... 16 Expenditures – State and Tuition Fund .................................................................................... 16 Local General Funds .................................................................................................................... 19 Enterprise Funds .......................................................................................................................... 21 Student Activities Funds ............................................................................................................. 22 IV. The FY 2019 Non-Operating Budget ................................................................................. 23 V. Six-Year Rolling Forecasts ................................................................................................ 24 The State and Tuition Fund ........................................................................................................ 24 Local General Funds .................................................................................................................... 26 Enterprise Funds .......................................................................................................................... 27 Student Activities Funds ............................................................................................................. 28 ADDENDUM #1 ..................................................................................................................................... 30 Fall Quarter Update .......................................................................................................................... 30 Net tuition revenue ....................................................................................................................... 33
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