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By The Numbers – FY2010

Submitted by on May 29, 2009 – 12:45 pmNo Comment

Dr.-Norman-Stephens-wide

This is definitely intended for the number crunchers and not necessarily for normal people.  Read and calculate at your own risk.

As referenced in my previous post, on May 27, 2009, the SFCC Board of Trustees adopted an operating budget for FY2010.  The charts below compare the original budgets for the 2007-2008 fiscal year (FY2008) through the original budget for 2009-2010 (FY2010).  For the second year in a row, state revenues were reduced during the year in a special legislative session.

Proposed Original Operating Budget Comparisons

 

FY2008

FY2009

FY2010

Projected Revenues

$21,634,591

$20,857,667

$20,854,447

Projected Expenditures

$21,891,839

$21,499,124

$21,270,506

Projected Ending Fund Balance

$1,647,496

$1,619,052

$1,604,764

Proposed Original Operating Budget – Revenue Comparisons

 

FY2008

FY2009

FY2010

Total State Support

$17,665,678

$16,647,645

$15,927,246*

Total Student Fees

$3,189,205

$3,496,170

$4,288,349

Total Other Revenues

$779,708

$713,852

$638,852

* State Support in FY2010 includes $1,278,869 in Federal Stabilization Funds.

Proposed Original Operating Budget – Expenditure Comparisons

 

FY2008

FY2009

FY2010

Personnel Expenses

$16,026,000

$16,086,124

$15,890,000

Current Expenses

$5,480,839

$5,183,000

$5,205,506

Capital Expenditures

$385,000

$230,000

$175,000

Without the federal stimuls funds, state revenues would be down over $3 million in two years.  At the same time enrollment at the college has increased more than 15 percent and tuition rates have increased to partially offset the losses in state funding.

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