• Budget Components 
• Analysis of Net Working Capital (Carryover) 
• Contingency 
• Schedules outside the General Fund 
• Revenue and Expenditure History 

Beginning Fund Balance 

Net Working Capital Restricted (prior year) 

Net Working Capital Unrestricted (prior year)

EXPENDITURES 

Ending Fund Balance 

Net Working Capital Restricted (year end) 

Net Working Capital Unrestricted (year end) 

• The Ending Fund Balance is the difference between Resources and Expenditures at the end of the fiscal year. 
• Other names for the Ending Fund Balance are Carryover and Net Working Capital. 

• Restricted Net Working Capital is carryover which is restricted to certain uses. 
• The majority of Laneís NWC Restricted is in department budgets as Materials & Services carryover and/or ICP carryover. 

ICP Carryover - $1,671,102 

M&S Carryover - $2,246,857 

Miscellaneous Restricted - $ 649,881 

Sub-Funds - $ 511,073 

TOTAL 6/30/00 - $5,078,913 

Net Working Capital (NWC) Unrestricted

• Unrestricted carryover results from higher than expected general revenues and/or lower than expected general expenditures. 
• Colleges sometimes establish a formal target for NWC Unrestricted. Among Oregon community colleges that have a formal target, it is usually 5-10% of budget. 
• Fundamental principle of budgeting: 

NEVER OVERESTIMATE NET WORKING CAPITAL UNRESTRICTED!! 

• Purpose: ìTo provide the local government with a cash or working capital balance with which to begin the following fiscal yearî. (See ORS 294.371 & OAR 150-294.371) 
• Laneís first major revenues come in August (state quarterly payment) and September (Fall Term tuition) 
• Our Auditors recommend approximately 3% of budget for our UEFB. 

• UEFB - $2,100,000 
• Board Contingency - 250,000 
• One-time department charge-back - 300,000 
• Unexpended personnel - 99,777 
• Property taxes (over budget) - 339,149 
• Tuition (over budget) - 702,877 
• Unbudgeted NWC 6/30/99 - 1,639,992 
• Misc over & under budget - 347,286 


TOTAL 6/30/00 - $5,084,509 

• NWC Unrestricted 6/30/00 - $5,084,509 
• UEFB - $2,018,282 
• LASR** - 1,000,000 
• Bond Furnishings** - 430,000 
• SLI - 197,903 
• Class sections - 116,706 
• Diversity - 30,000 
• Budgeted expenditures (00-01) - 1,128,182 


**Proposed Transfer-Out 7/1/01 

**Contingency using Expected Revenues** 

• General Fund Type 1 $2,548,453 
• General Fund Type 2 $ 925,800 
• General Fund Type 4 (UEFB) $2,018,282 

• General Fund Type 3 $3,200,000 
• Other Funds Type 3 $4,550,000 

Funds from which money generally may not be transferred out: 

• Debt Service Fund (Schedule III) 
• Capital Projects Fund (Schedule IV) 
• Student Financial Aid Fund (Sched V) 
• Special Revenue Fund (Schedule VIII) 
• Endowment Fund (Schedule X) 

• Internal Service Fund (Schedule II) 
• Enterprise Fund (Schedule VI) 

Budget Models Fiscal Year 1995 to Fiscal Year 2005 

2001-2005 Project Models

• Model 1
• Model 2
• Model 3
• Model 4
• Model 5
• Model 6