Board of Trustees meeting Agenda | July 2019

assumptions, as well as wage and benefit increases can get us part of the way there, but there are also two new activities that might make this fund group behave differently in the future—aviation flight operations and the Sammamish site. Major risks to this fund group are total student enrollment, and more specifically summer instruction enrollment which is used to supplement core instructional activities, however generally speaking we should be able to scale operations up or down depending on enrollment, and have the latitude to change fees as necessary. The chart below shows a general trend towards revenue growth as the investments made over the past few years begin to pay off.

Local General Fund Group Six Year Forecast (in thousands)

33,000 35,000 37,000 39,000 41,000 43,000

FY19

FY20

FY21

FY22

FY23

FY24

FY25

Expenses

Revenues

Enterprise Funds The Enterprise Funds, specifically housing and dining, Wildcat Shop, and parking significantly impacted by enrollment projections, particularly first-year residential students. There is a reasonably

30 | P a g e

Made with FlippingBook - Online magazine maker