{"id":80,"date":"2014-02-13T22:37:39","date_gmt":"2014-02-13T22:37:39","guid":{"rendered":"http:\/\/ct-test-wp.taftcollege.edu\/bsc\/?p=80"},"modified":"2014-02-13T22:37:39","modified_gmt":"2014-02-13T22:37:39","slug":"20140213-minutes","status":"publish","type":"post","link":"https:\/\/committees.taftcollege.edu\/budget-committee\/20140213-minutes\/","title":{"rendered":"2014\/02\/13 Minutes"},"content":{"rendered":"

BUDGET COMMITTEE MINUTES <\/strong><\/p>\n

February 13, 2014<\/p>\n

2 P.M. \u2013 3 P.M.<\/p>\n

Members Present: Brock McMurray, Barbara Amerio, Bill Devine, Sharyn Eveland, Fernando Lara, Sonja Swenson and Debbie Hegeman, recorder.<\/p>\n

Members Absent: Sheri Horn-Bunk<\/p>\n

Guests: Josie Kouyoujian<\/p>\n

APPROVAL OF MINUTES <\/strong><\/p>\n

The minutes of the meeting held November 14, 2013 were approved by consensus.<\/p>\n

STATEWIDE BUDGET UPDATE <\/strong>(A Budget Update for 2014-2015 report and a 13\/14 Mid-Year Budget Analysis report is attached to official minutes and on-line). <\/em><\/p>\n

Brock reminded the committee where we were 14 months ago when we were unsure of whether Prop.30 would pass or not.<\/p>\n

Some of the state budget key points are: increased revenues of $1.7 billion in 2012\/2013; additional revenues in current budget year of $2.9 billion; state wide Budget revenues projected to be at $106.1 billion; and stock market primary factors are generating new revenues.<\/p>\n

What this means to community colleges is: COLA of .83%; 3% Access\/Growth, however we are not in line for these funds since we took the small college exemption; Student Success money of $100 million; underrepresented students $100 million; Deferred Maintenance and Instructional Equipment split of $175 million; Innovation $50 million which is new funds earmarked for higher education; Prop. 39, energy efficiencies funds; deferrals $592.4 million which will be used to catch up payments to schools on deferrals; rainy day fund; RDA\u2019s (Redevelopment Agency Funds) $35.6 million, doesn\u2019t affect us greatly); Chancellor\u2019s office $1.1 million for staff and $2.5 million for technical assistance; and possible additional one time funding in the May revise.<\/p>\n

Threats and Issues which affect the budget are stock market; state drought; STRS unfunded liability; and State Debt\/State Education Bonds.<\/p>\n

Brock also explained the 2013\/2014 Mid-Year Budget Analysis which was distributed. (There were some corrections pointed out that will be made on the official copy attached to the minutes and on-line.) It was noted in several areas that corrective journal entries will affect some line items.<\/p>\n

50% LAW <\/strong><\/p>\n

Brock noted the task force from last year will review the 50% Law in March. He said a tentative analysis has been done and we are currently on pace. The task force is scheduled to meet in March, 2014.<\/p>\n

Budget Committee Meeting <\/strong><\/p>\n

February 13, 2014 <\/strong><\/p>\n

Page 2 of 2 <\/strong><\/p>\n

PROGRAM REVIEW RECOMMENDATIONS <\/strong><\/p>\n

Brock went over the responsibility of the Budget Committee related to the Program Review Recommendations. Our role is to review the non-personnel items for fall 2013 and identify where we might have funds to fulfill the requests then make recommendations to the President.<\/p>\n

The committee agreed it would be best to work collectively on this project and to set aside a special meeting for this to take place. Also Sharyn asked if we could have a list of restricted budgets when we resume.<\/p>\n

The special meeting agreed upon to review the \u201cResource Request Prioritization Worksheet for Non Personnel Items Fall 2013\u201d is for Thursday, February 27th at 1 p.m. in the HR conference room.<\/p>\n

Respectfully submitted by:<\/p>\n

Debbie Hegeman<\/p>\n

2014.02.13-BC-Minutes<\/a><\/p>\n

2014.02.13-Acct.-detail-provided-by-Fernando-Lara1<\/a><\/p>\n

2014.02.13-Budget-Update-distribution1<\/a><\/p>\n

2014.02.13-Mid-Year-Budget-Analysis1<\/a><\/p>\n

2014.02.13-Non-Personnel-Ranking-Sheet1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BUDGET COMMITTEE MINUTES February 13, 2014 2 P.M. \u2013 3 P.M. Members Present: Brock McMurray, Barbara Amerio, Bill Devine, Sharyn Eveland, Fernando Lara, Sonja Swenson and Debbie Hegeman, recorder. Members Absent: Sheri Horn-Bunk Guests: Josie Kouyoujian APPROVAL OF MINUTES The minutes of the meeting held November<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[9,14,7],"tags":[],"class_list":["post-80","post","type-post","status-publish","format-standard","hentry","category-9","category-additional-material","category-minutes"],"_links":{"self":[{"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/posts\/80"}],"collection":[{"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/comments?post=80"}],"version-history":[{"count":0,"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/posts\/80\/revisions"}],"wp:attachment":[{"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/media?parent=80"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/categories?post=80"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/committees.taftcollege.edu\/budget-committee\/wp-json\/wp\/v2\/tags?post=80"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}