Budget Development

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This is a historical/archived web page.  For current budget information go to:  2011sitearchive.lanecc.edu/budget

Fiscal Year 2001 to Fiscal Year 2005 Projection Model
	Projected
	FY01	FY02	FY03	FY04	FY05
Beginning Fund Balance *		671,296	(3,327,814)	(9,118,849)	(14,829,492)
Revenues **		55,362,351	55,914,125	58,440,138	61,089,762
Expenditures **		59,361,461	61,705,160	64,150,780	66,702,982
Revenues (minus) Expenditures		(3,999,110)	(5,791,034)	(5,710,643)	(5,613,220)
Ending Fund Balance *	671,296	(3,327,814)	(9,118,849)	(14,829,492)	(20,442,712)
Additional Expenditure in FY01 (recurring)	0
Assumptions:
Budget balance 2001-2002	(849,110)
State Resources using Governor's Budget?	No
Annual State Sources increase (after 01-03 Biennium)	3.5%
Annual Local Taxes increase	4.5%
Annual Tuition increase ($1 = 2.6%)	2.6%
Annual Enrollment increase	4.0%
Annual increase in miscellaneous sources	3.5%
Annual Cost of Living Increase	3.50%
Annual Step Increase (1 step = 1.26%)	1.26%
Annual M&S/Capital Outlay increase	2.0%
*Ý For the purposes of this model, the Beginning Fund Balance and Ending Fund Balance do not include restricted carryover and the Unappropriated Ending Fund Balance.
** For the purposes of this model Revenues and Expenditures do not include ICP or the Unappropriated Ending Fund Balance.

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