% Change
FY 2022 Budget - Operating Funds FY19
FY20 FY21(F) FY22 (B)
FY20 FY21(F) FY22 (B)
Revenues
227,078 226,635 205,585 231,048 -0.2% -9.3% 12.4%
One takeaway from this data is that we are budgeting a recovery back to pre-pandemic levels (compare FY20 to FY22). Each year we experience vacancies in positions, as it takes time to recruit replacements; sometimes positions are held open for a period of time at the discretion of the appointing authority. These wage and benefit savings are usually between 1-2 percent of total budget, are held at the division level and generally used to fund non-recurring unbudgeted needs, such as equipment replacement or are retained as carryforward for future use. Another way to portray the operating funds is by fund group. The following chart shows the preliminary results for FY21 compared to budget, as well as the FY22 budget compared to FY21 actual preliminary results. FY21 was impacted by revenue shortfalls due to COVID-19, as well as corresponding decreases in spending due to cost control measures. Revenue shortfalls in the Enterprise funds were partially mitigated by federal HEERF II funding ($9.7 million) and FY22 is impacted by lower total enrollment expectations. 115,022 118,761 107,850 121,803 3.3% -9.2% 12.9% 36,396 38,531 36,626 38,746 5.9% -4.9% 5.8% Goods & Services 69,675 66,759 54,505 68,794 -4.2% -18.4% 26.2% Total Expenses 221,092 224,051 198,982 229,343 1.3% -11.2% 15.3% Net Margin 5,986 2,584 6,603 1,705 -56.8% 155.5% -74.2% Wages Benefits
FY 2021 Forecast
FY2022
OPERATING FUNDS
Budget
Actual
% Budget Variance
Budget 2021 vs. 2022
Revenues State & Tuition Local General
123,709 132,738 31,649 27,669 46,070 33,453 13,500 11,725
107.3% 9,029 87.4% (3,980) 72.6% (12,617) 86.9% (1,775) 95.7% (9,343) 100.9% (1,142) 75.8% 8,396 69.7% 15,309 79.5% 2,656 88.8% 25,219
135,012 32,786 50,605 12,645 231,048 135,775 32,240 48,092 13,236 229,343
2,274 5,117
Enterprise
17,152
Student Activities
920
Total Operating Revenues 214,928 205,585
25,463
Expenses State & Tuition Local General
125,925 127,067 34,743 26,347 50,562 35,253 12,971 10,315 224,201 198,982
8,708 5,893
Enterprise
12,839 2,921 30,361 (4,898)
Student Activities
Total Operating Expenses Revenue Less Expense
(9,273)
6,603
15,876
1,705
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