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This is a historical/archived web page. For current budget information go to: 2011sitearchive.lanecc.edu/budget
2001-02 Budget Recommendations
April 27, 2001
Initial Budget Assumptions
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$45 million in enrollment growth money to state community colleges ($3.15
million for Lane in 2001-2002)
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No tuition increase
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Projected unrestricted carryover at the end of the current year will be
$622,000
Included in Budget Document
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Bond Furnishings supplement $430,000
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LASR 1st year payment
$315,000
Not Included in Budget Document
Class sections funded this year from non-recurring money
$886,000
First Priority:
RESTORE CLASS SECTIONS!!
Recommended Changes
Add to 6/30/01 carryover projections:
$200,000
Back out expenditures:
LASR loan payment
$315,000
Bond furnishings
$430,000
Total:
$945,000
Budget Reductions
Instruction
$ 12,500
Student Services
$111,241
College Operations
$218,010
Executive Services
$ 52,317
TOTAL
$394,068
Budget Additions
Instruction
$ 324,420
Student Services
$ 64,628
College Operations
$ 74,896
Class Sections
$ 886,000
TOTAL
$1,349,944
Budget Recommendations
After proposed reductions and additions, the remaining balance is:
($10,876)
Scenario 1
Balance total budget using $10,000 Administrative Contingency
Scenario 2
Add $350,000 for more class sections
Balance with:
$1 tuition increase
$350,000
Board/Admin contingency $11,000
Scenario 3
Enrollment growth funds from state reduced by $742,000
Balance with:
Board/Admin contingency $175,000
Plant fund decrease
$200,000
Dept restricted carryover $ 78,000
UEFB decrease
$300,000
Scenario 4
Enrollment growth funds from state reduced by $742,000
Balance with:
$1 tuition increase
$350,000
Board/Admin contingency $175,000
Plant Fund
$200,000
Revenues v. Expenditures
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In 1999-2000 the college spent $1.1 million more than it
received in revenues.
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Current projections indicate the college probably will spend at least $2
million more than it receives this year.
Continuing Budget Deficit
Projected 2002-03 Deficit: ($2,800,276)
2001-02 Budget: Unmet Needs
- Enrollment growth
- Facilities backlog of $5.0 million in high priority projects
- Seismic upgrades of $4.7 million
- Equipment replacement backlog of over $5 million plus another $1
million annually
- Projected $430,000 furnishing needs for new facilities with no identified
funding
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