CERRITOS COLLEGE
2009-10
PROPOSED ADOPTED BUDGET
SUMMARY
JAMES A. ALBANESE
LOLA RIZKALLAH
BUSINESS SERVICES
SEPTEMBER 2, 2009
GENERAL FUND
UNRESTRICTED
2
2009-10 BUDGET ASSUMPTIONS
The Adopted Budget has no COLA, Stability/Restoration
or Growth funds. Reduced workload resulted in a loss of
$2.8 million in State funds. Marginal revenue reflects an
additional loss of $0.6 million in local interest earnings.
Marginal expenditures of $2.1 million bring the total
reduction to $5.5 million.
The budget reflects higher expenditures than revenue
by $5.9 million but the District is applying reduction
options that were identified in the last fiscal year to
close the gap by June 30, 2010.
3
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
2008-09
ADOPTED
BUDGET
NET BEGINNING BALANCE
2008-09 A)
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$12,646,111
$12,646,111
$12,646,111
$12,646,111
$11,585,566
$0
$37,666
$36,240
$0
$0
INCOME
FEDERAL
STATE
APPORTIONMENT
DEFICIT DUE TO PROPERTY TAX SHORTFALL
09-10 COLA
STABILITY / RESTORATION
GROWTH @1.12%
P.Y. ADJ & CORRECTIONS
LOTTERY
OTHER STATE
LOCAL
TAXES
ENROLL FEE
OTHER LOCAL
MARGINAL REVENUE ASSUMPTIONS
$69,089,173
$0
$0
$0
$0
$0
$2,020,632
$1,910,148
$70,702,685
($1,231,623)
$0
$185,171
$918,998
$0
$2,020,632
$1,737,997
$69,391,065
$0
$0
$0
$0
$1,627,014
$1,986,142
$2,015,209
$71,713,742
($1,080,890)
$0
$0
$0
$0
$2,020,632
$1,900,519
$71,105,724
($2,811,839)
$0
$0
$0
$0
$2,020,632
$1,900,519
$7,364,933
$3,707,573
$3,486,338
$0
$6,940,714
$4,213,709
$3,581,895
$0
$8,124,880
$4,245,678
$4,031,415
$0
$6,988,830
$3,950,461
$2,986,338
$0
$6,684,162
$5,171,391
$3,086,338
$0
TOTAL INCOME
$87,578,797
$89,070,178
$91,457,643
$88,479,632
$87,156,927
NET BEGINNING BALANCE & INCOME
$100,224,908
$101,716,289
$104,103,754
$101,125,743
$98,742,493
A) Based on P-2 Exhibit C
B) Chancellor's Office Budget Workshop 8/19/09
4
B)
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
2008-09
ADOPTED
BUDGET
2008-09 A)
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
EXPENDITURES
CERTIFICATED SALARIES
CLASSIFIED SALARIES
STAFF BENEFITS
BOOKS & SUPPLIES
SERVICES & OPERATIONS
CAPITAL OUTLAY
OTHER OUTGO
ADJUNCT FACULTY SALARY RESERVE
09-10 COLA
POSITIVE VARIANCES
$42,642,652
$19,522,021
$17,835,120
$1,631,910
$8,309,182
$1,008,131
$7,962
$788,495
$0
$0
$42,354,736
$19,667,619
$17,812,000
$1,663,269
$8,602,568
$1,239,788
$7,007,962
$702,584
$0
($3,669,819)
$41,577,490
$18,548,626
$15,709,088
$1,662,787
$7,211,637
$467,347
$7,341,213
$0
$0
$0
$43,249,594
$19,498,068
$18,123,629
$1,614,706
$9,407,014
$1,208,131
$9,447
$0
$0
$0
$42,950,271
$19,606,700
$18,181,907
$1,640,207
$9,483,663
$1,208,066
$9,447
$0
$0
($500,000)
$91,745,473
$95,380,707
$92,518,189
$93,110,589
$92,580,261
5
B)
PROJECTED RESERVES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
2008-09
ADOPTED
BUDGET
RESERVES
STATE MANDATED @ 5%
DESIGNATED:
EQUIPMENT FOR INST., LIB. & PHY. PLANT
TECHNOLOGY NEEDS
CONSTRUCTION AUGMENTATIONS
GASB 45 RETIREE HEALTH BENEFIT FUND
SELF-INSURANCE FUND
ECONOMIC UNCERTAINTIES
STATE SETTLE UP FUNDS
UNDESIGNATED RESERVE
TOTAL RESERVES
TOTAL EXPENSES & ENDING BALANCE
ENDING BALANCE AS % OF EXPENDITURE
2008-09 A)
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$4,725,263
$4,648,524
$4,648,524
$4,648,524
$4,751,779
$0
$500,000
$200,000
$500,000
$25,000
$400,000
$0
$2,205,911
$0
$0
$0
$0
$0
$400,000
$0
$1,287,058
$0
$0
$0
$0
$0
$0
$0
$6,937,043
$700,000
$500,000
$200,000
$500,000
$25,000
$400,000
$0
$1,638,375
$8,479,435
$6,335,582
$11,585,566
$8,715,154
$6,862,232
$100,224,908
$101,716,289
$104,103,755
$101,825,743
$99,442,493
7.80%
6.64%
12.52%
7.14%
$700,000
$500,000
$200,000
$500,000
$25,000
$400,000
$0
($188,031)
5.22%
6
B)
PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
GENERAL FUND REVENUE
OTHER
STATE
2%
LOTTERY
2%
TAXES
8%
ENROLL FEE
6%
OTHER LOCAL
4%
APPORTIONMENT
78%
7
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - UNRESTRICTED SUMMARY (FUND 01.0)
GENERAL FUND EXPENDITURES
CAPITAL OUTLAY
1%
SERVICES &
OPERATIONS POSITIVE VARIANCES
-1%
10%
BOOKS & SUPPLIES
2%
CERTIFICATED
SALARIES
46%
STAFF BENEFITS
19%
CLASSIFIED SALARIES
21%
8
GENERAL FUND
RESTRICTEDCATEGORICAL
9
2009-10 BUDGET ASSUMPTIONS
In our planning we are anticipating reductions
based on pending detailed information and
guidelines from the State. We have not received
this information as of 8/20/09.
10
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-2010 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
2008-09
ADOPTED
BUDGET
NET BEGINNING BALANCE
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$1,730,881
$1,730,881
$1,730,881
$1,730,881
$3,581,648
$1,714,075
$1,806,454
$2,443,316
$1,612,285
$1,611,591
$1,452,535
$812,944
$1,034,338
$6,818,438
$1,452,535
$1,046,661
$1,034,338
$7,313,216
$1,845,616
$1,042,980
$1,102,849
$5,545,395
$1,452,535
$818,422
$1,034,338
$4,881,597
$1,452,535
$818,422
$1,034,338
$3,971,406
$404,038
$0
$424,038
$0
$392,847
$545,082
$404,038
$0
$404,038
$0
TOTAL INCOME
$12,236,368
$13,077,242
$12,918,085
$10,203,215
$9,292,330
NET BEGINNING BALANCE & INCOME
$13,967,249
$14,808,123
$14,648,966
$11,934,096
$12,873,978
INCOME
FEDERAL
STATE
DSPS
EOPS
MATRICULATION
OTHER STATE
LOCAL
OTHER LOCAL
INCOMING TRANSFER
11
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-2010 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
EXPENDITURES
CERTIFICATED SALARIES
CLASSIFIED SALARIES
STAFF BENEFITS
BOOKS & SUPPLIES
SERVICES & OPERATIONS
CAPITAL OUTLAY
OTHER OUTGO
$1,146,227
$2,462,489
$1,082,720
$5,190,962
$536,874
$178,240
$315,914
$1,379,946
$2,939,431
$1,127,103
$4,743,282
$742,098
$475,282
$559,277
$2,651,970
$3,622,530
$1,303,315
$807,708
$1,008,520
$1,079,419
$593,856
$1,161,990
$2,167,727
$1,061,235
$3,834,014
$593,926
$550,222
$326,056
$1,161,990
$2,147,801
$1,037,186
$3,090,973
$435,858
$550,222
$326,056
TOTAL EXPENDITURES
$10,913,426
$11,966,419
$11,067,318
$9,695,170
$8,750,086
ENDING BALANCE
$3,053,823
$2,841,704
$3,581,648
$2,238,926
$4,123,892
TOTAL EXPENSES & ENDING BALANCE
$13,967,249
$14,808,123
$14,648,966
$11,934,096
$12,873,978
12
PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
GENERAL FUND - RESTRICTED REVENUE
OTHER LOCAL
4%
FEDERAL
17%
DSPS
16%
OTHER STATE
43%
EOPS
9%
MATRICULATION
11%
13
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
GENERAL FUND - RESTRICTED SUMMARY (FUND 01.3)
GENERAL FUND - RESTRICTED EXPENDITURES
CAPITAL OUTLAY
OTHER OUTGO
6.3%
3.7%
SERVICES &
OPERATIONS
5.0%
CERTIFICATED
SALARIES
13.3%
CLASSIFIED
SALARIES
24.5%
BOOKS & SUPPLIES
35.3%
STAFF BENEFITS
11.9%
14
CERTIFICATES OF
PARTICIPATION
FUND
15
2009-10 BUDGET ASSUMPTIONS
BALANCE FROM THE DISTRICT’S COPS ISSUE:
This fund was designated to provide COPS money
for major technology and construction/remodeling
projects on campus.
Currently the remainder of the fund is being utilized
to complete PeopleSoft Conversion.
16
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
OTHER DEBT SERVICE FUND - COPS (FUND 29.0)
CERTIFICATES OF PARTICIPATION FUNDING FOR CAPITAL OUTLAY PROJECTS
NET BEGINNING BALANCE
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
$166,605
$166,605
$166,605
$148,467
$148,467
$0
$0
$0
$0
$0
$0
$3,862
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,862
$0
$0
$166,605
$166,605
$170,467
$148,467
$148,467
INCOME & TRANSFERS IN
INTEREST
PROCEEDS FROM COPS
TRANSFERS IN
TOTAL INCOME
NET BEGINNING BALANCE & INCOME
17
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
OTHER DEBT SERVICE FUND - COPS (FUND 29.0)
CERTIFICATES OF PARTICIPATION FUNDING FOR CAPITAL OUTLAY PROJECTS
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
$166,605
$0
$166,605
$0
$22,000
$0
$147,153
$0
$147,153
$0
$166,605
$166,605
$22,000
$147,153
$147,153
$0
$148,467
$166,605
$170,467
EXPENDITURES
EXPENDITURES
OTHER DEBT SVC
TOTAL EXPENDITURES
ENDING BALANCE
TOTAL EXPENSES & ENDING BALANCE
$0
$166,605
$1,314
$148,467
$1,314
$148,467
18
SPECIAL
REVENUE FUND
19
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to account for the financial
activities of the following entities with total revenue
projected at $5,500,979
 Community Education: $1,894,977
 Contract Education: $1,272,350
 Cosmetology: $197,746
 Culinary Arts: $180,262
 Parking: $1,955,644
20
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)
COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$2,514,535
$2,514,535
$2,514,535
$2,514,535
$2,582,107
$1,894,977
$1,272,350
$197,746
$180,262
$1,955,644
$0
$0
$1,894,977
$1,217,586
$197,746
$180,617
$2,065,390
$0
$109,746
$1,399,414
$934,489
$221,129
$177,292
$1,130,337
$48,101
$109,746
$1,894,977
$1,272,350
$197,746
$180,262
$1,955,644
$0
$0
$1,894,977
$1,272,350
$197,746
$180,262
$1,955,644
$0
$0
TOTAL INCOME
$5,500,979
$5,666,062
$4,020,507
$5,500,979
$5,500,979
NET BEGINNING BALANCE & INCOME
$8,015,514
$8,180,597
$6,535,042
$8,015,514
$8,083,086
NET BEGINNING BALANCE
INCOME
COMMUNITY EDUCATION
CONTRACT EDUCATION
COSMETOLOGY
CULINARY ARTS
PARKING
INTEREST
INCOMING TRANSFERS
21
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)
COMMUNITY EDUCATION, CONTRACT EDUCATION, COSMETOLOGY, CULINARY ARTS AND PARKING
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$1,589,665
$1,933,126
$152,387
$200,575
$1,439,046
$1,589,665
$1,923,926
$152,387
$200,575
$1,548,792
$1,461,724
$923,278
$229,065
$169,761
$1,169,107
$1,596,081
$1,167,049
$152,387
$172,600
$1,466,257
$1,599,252
$1,163,792
$152,387
$172,600
$1,468,265
TOTAL EXPENDITURES
$5,314,799
$5,415,345
$3,952,935
$4,554,374
$4,556,296
ENDING BALANCE
$2,700,715
$2,765,252
$2,582,107
$3,461,140
$3,526,790
TOTAL EXPENSES & ENDING BALANCE
$8,015,514
$8,180,597
$6,535,042
$8,015,514
$8,083,086
EXPENDITURES
COMMUNITY EDUCATION
CONTRACT EDUCATION
COSMETOLOGY
CULINARY ARTS
PARKING
22
PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)
SPECIAL REVENUE FUND
REVENUE
PARKING
36%
COMMUNITY
EDUCATION
34%
CONTRACT EDUCATION
23%
CULINARY ARTS
3%
COSMETOLOGY
4%
23
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.0)
SPECIAL REVENUE FUND
EXPENDITURES
COMMUNITY
EDUCATION
35%
PARKING
32%
CONTRACT EDUCATION
26%
CULINARY ARTS
4% COSMETOLOGY
3%
24
VINTAGE CERRITOS
STUDENT SUCCESS
25
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to account for income
generated from ground lease payments received
as a result of the senior care project. Funds have
been designated to be used exclusively for
activities related to student success as designated
by the Board.
 Revenue:


Ground Lease: $380,267
James Irvine Foundation: $173,762
26
2009-10 BUDGET ASSUMPTIONS

Expenditures:
 Sakai r-Smart: $28,000
 Library Information System: $52,297
 James Irvine Foundation: $173,762
27
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
VINTAGE CERRITOS SENIOR CARE PROJECT
NET BEGINNING BALANCE
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$2,057,169
$2,057,169
$2,057,169
$2,057,169
$2,411,663
$0
$380,267
$76,238
$0
$380,267
$76,238
$55,414
$511,558
$53,212
$0
$380,267
$173,762
$0
$380,267
$173,762
$456,505
$456,505
$620,184
$554,029
$554,029
$2,513,674
$2,513,674
$2,677,353
$2,611,198
$2,965,692
INCOME
INTEREST
GROUND LEASE
JAMES IRVINE FOUNDATION
TOTAL INCOME
NET BEGINNING BALANCE & INCOME
28
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
VINTAGE CERRITOS SENIOR CARE PROJECT
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$28,000
$52,297
$149,891
$76,238
$28,000
$52,297
$149,891
$76,238
$24,742
$48,603
$139,133
$53,212
$28,000
$52,297
$71,456
$173,762
$28,000
$52,297
$0
$173,762
$306,426
$306,426
$265,690
$325,515
$254,059
ENDING BALANCE
$2,207,248
$2,207,248
$2,411,663
$2,285,683
$2,711,633
TOTAL EXPENSES & ENDING BALANCE
$2,513,674
$2,513,674
$2,677,353
$2,611,198
$2,965,692
EXPENDITURES
SAKAI r-SMART
LIBRARY INFORMATION SYSTEM
CERRITOS COLLEGE TITLE V
JAMES IRVINE FOUNDATION
TOTAL EXPENDITURES
Expenditures will be designated by the Board for student success
29
PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
VINTAGE CERRITOS SENIOR CARE PROJECT
REVENUE
JAMES IRVINE
FOUNDATION
31%
GROUND LEASE
69%
30
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
OTHER SPECIAL REVENUE FUND SUMMARY (FUND 39.1)
VINTAGE CERRITOS SENIOR CARE PROJECT
EXPENDITURES
SAKAI r-SMART
11%
LIBRARY
INFORMATION
SYSTEM
21%
CERRITOS
COLLEGE TITLE V
0%
JAMES IRVINE
FOUNDATION
68%
31
CAPITAL OUTLAY
FUND
32
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to account for State
Scheduled Maintenance, Hazardous Material
Removal, and Construction/Remodeling projects.
Other activities include District Match for Instructional
Equipment, Library Materials and Physical Plant,
Technology Needs and Construction Augmentation.
33
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
2008-09
ADOPTED
BUDGET
NET BEGINNING BALANCE
2008-09
2008-09 ACTUAL/UNAUDITED
REVISED
REVENUE/
BUDGET
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$6,775,474
$6,775,474
$6,775,474
$6,775,474
$13,344,745
$10,257,028
$0
$0
$867,373
$10,440,681
$0
$0
$1,149,576
$877,620
$174,630
$649,988
$6,321,587
$10,206,603
$0
$0
$700,000
$9,561,119
$0
$0
$700,000
TOTAL INCOME
$11,124,401
$11,590,257
$8,023,825
$10,906,603
$10,261,119
NET BEGINNING BALANCE &
INCOME
$17,899,875
$18,365,731
$14,799,299
$17,682,077
$23,605,864
INCOME & TRANSFERS IN
STATE CLAIMS / INCOME
INTEREST
LOCAL INCOME
TRANSFERS IN / DISTRICT MATCH
34
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
2008-09
ADOPTED
BUDGET
2008-09
2008-09 ACTUAL/UNAUDITED
REVISED
REVENUE/
BUDGET
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
EXPENDITURES
SEISMIC RETROFIT-GYM
SCHEDULED MAINTENANCE
LOCAL PROJECTS/FUNDS
TRANSFERS OUT/DISTRICT MATCH
$10,257,028
$628,761
$4,667,216
$167,373
$10,257,028
$1,094,617
$4,667,216
$167,373
$695,909
$287,658
$303,614
$167,373
$10,206,603
$367,306
$4,393,601
$0
$9,561,119
$802,887
$6,371,556
$0
TOTAL EXPENDITURES
$15,720,378
$16,186,234
$1,454,554
$14,967,510
$16,735,562
ENDING BALANCE
$2,179,497
$2,179,497
$13,344,745
$2,714,567
$6,870,302
TOTAL EXPENDITURES &
ENDING BALANCE
$17,899,875
$18,365,731
$14,799,299
$17,682,077
$23,605,864
35
PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
CAPITAL OUTLAY REVENUE
TRANSFERS IN /
DISTRICT MATCH
6.8%
STATE CLAIMS / INCOME
93.2%
36
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
CAPITAL OUTLAY PROJECTS FUND (FUND 41.0)
CAPITAL OUTLAY PROJECTS EXPENDITURES
TRANSFERS
OUT/DISTRICT MATCH
0%
LOCAL PROJECTS/FUNDS
38%
SEISMIC RETROFIT-GYM
57%
SCHEDULED
MAINTENANCE
5%
37
REVENUE AND
CONSTRUCTION FUND
38
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to track all projects
generated by the GO Bond funds.
The District has successfully issued $55 million in
Series 2009C (funds received June 11, 2009)
39
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
REVENUE AND CONSTRUCTION FUND (FUND 42.0)
GENERAL OBLIGATION BOND FUND
NET BEGINNING BALANCE
2008-09
2009-10
2009-10
2008-09
2008-09
ACTUAL/UNAUDITED
PROPOSED
PROPOSED
ADOPTED
BUDGET
REVISED
BUDGET
REVENUE/
EXPENDITURES
TENTATIVE
BUDGET
ADOPTED
BUDGET
$23,763,401
$23,763,401
$23,763,401
$0
$55,324,856
$500,000
$500,000
$486,162
$0
$0
$55,000,000
$55,000,000
$0
INCOME
INTEREST
NEW BOND SALE, SERIES 2009C
TOTAL INCOME
NET BEGINNING BALANCE & INCOME
$500,000
$500,000
$55,486,162
$55,000,000
$0
$24,263,401
$24,263,401
$79,249,563
$55,000,000
$55,324,856
40
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
REVENUE AND CONSTRUCTION FUND (FUND 42.0)
GENERAL OBLIGATION BOND FUND
2008-09
2009-10
2009-10
2008-09
2008-09
ACTUAL/UNAUDITED
PROPOSED
PROPOSED
ADOPTED
BUDGET
REVISED
BUDGET
REVENUE/
EXPENDITURES
TENTATIVE
BUDGET
ADOPTED
BUDGET
EXPENDITURES
AUTOMOTIVE TECH MODERNIZATION
$1,000,000
$222,998
$154,723
$4,000,000
$9,527,015
CLASSROOM/LAB/OFFICE COMPLEX # 1
$5,000,000
$1,769,848
$2,192,190
$4,000,000
$8,991,317
$650,000
$650,000
$967,799
$2,000,000
$8,683,612
FACILITIES/WAREHOUSE/PURCHASING
$2,900,000
$550,000
$455,173
$1,125,000
$3,500,000
CONSTRUCTION MANAGEMENT
$1,200,000
$2,854,666
$2,581,945
$3,085,000
$3,010,000
AQUATIC CENTER
$4,975,224
$3,765,569
$4,659,549
$325,000
$2,537,468
FIRE ALARM UPGRADE
$180,000
$530,000
$490,238
$530,000
$2,037,985
LIBERAL ARTS PROJECT
$710,000
$410,000
$81,733
$1,500,000
$2,000,000
INFORMATION TECH UPDATES
$100,000
$54,631
$978,588
$2,000,000
PARKING LOT RENOVATIONS
$150,000
$156,595
$1,500,000
$1,700,000
$200,000
$186,421
$1,550,000
$1,550,000
$40,000
$29,080
$1,500,000
$1,500,000
$650,000
$250,000
$22,042
$250,000
$1,000,000
MISCELLANEOUS PROJ BELOW $1 MILLION*
$6,163,332
$12,270,321
$11,892,588
$3,601,746
$6,063,562
TOTAL EXPENDITURES
$23,828,556
$23,763,402
$23,924,707
$25,945,334
$54,100,959
$434,845
$499,999
$55,324,856
$29,054,666
$1,223,897
$24,263,401
$24,263,401
$79,249,563
$55,000,000
$55,324,856
NEW AUTOMOTIVE TECH BLDG
SOCIAL SCIENCE PROJECT
$400,000
CAMPUS ACCESSIBILITY UPGRADES
GENERAL CAMPUS REPAIRS
ENDING BALANCE
TOTAL EXPENSES & ENDING BALANCE
* Detailed list attached
41
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
REVENUE AND CONSTRUCTION FUND (FUND 42.0)
GENERAL OBLIGATION BOND FUND EXPENDITURES
CAMPUS ACCESSIBILITY
GENERAL CAMPUS
UPGRADES
REPAIRS
3%
2%
SOCIAL
SCIENCE
PROJECT
3% PARKING LOT
RENOVATIONS
3%
INFORMATION
TECH UPDATES
4%
MISCELLANEOUS PROJ
BELOW $1 MILLION*
11%
AUTOMOTIVE TECH
MODERNIZATION
17% CLASSROOM/LAB/OFFI
CE COMPLEX # 1
17%
NEW AUTOMOTIVE
TECH BLDG
16%
LIBERAL ARTS PROJECT
4%
FIRE ALARM UPGRADE
4%
AQUATIC CENTER
5%
CONSTRUCTION FACILITIES/WAREHOUS
MANAGEMENT
E/PURCHASING
5%
6%
42
SELF-INSURANCE
FUND
43
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established in 2004-05 to provide for
self-insured risk-management expenses.
 Transfers in/Expenditures: $25,000
44
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
SELF-INSURANCE FUND SUMMARY (FUND 61.0)
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$896,884
$896,884
$896,884
$896,884
$927,023
$0
$0
$25,000
$0
$0
$25,000
$23,003
$0
$25,000
$0
$0
$25,000
$0
$0
$25,000
TOTAL INCOME
$25,000
$25,000
$48,003
$25,000
$25,000
NET BEGINNING BALANCE & INCOME
$921,884
$921,884
$944,887
$921,884
$952,023
NET BEGINNING BALANCE
INCOME
INTEREST
LOCAL INCOME
TRANSFERS IN
45
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
SELF-INSURANCE FUND SUMMARY (FUND 61.0)
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
EXPENDITURES
$25,000
$25,000
$17,864
$25,000
$25,000
ENDING BALANCE
$896,884
$896,884
$927,023
$896,884
$927,023
TOTAL EXPENSES & ENDING BALANCE
$921,884
$921,884
$944,887
$921,884
$952,023
46
STUDENT HEALTH
SERVICES FUND
47
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established to capture the income and
expenditures generated by the Student Health
Services Program. This is a self-supporting program.
It is estimated that $849,709 will be generated in
revenue.
48
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
STUDENT HEALTH SERVICES FUND (FUND 69.0)
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$1,245,131
$1,245,131
$1,245,131
$1,462,298
$35,000
$775,700
$35,000
$775,700
$22,876
$908,969
$15,000
$834,709
$15,000
$834,709
$810,700
$810,700
$931,845
$849,709
$849,709
$2,055,831
$2,055,831
$2,176,976
$2,094,840
$2,312,007
2008-09
ADOPTED
BUDGET
NET BEGINNING BALANCE *
$1,245,131
*
INCOME
INTEREST
HEALTH FEES
TOTAL INCOME
NET BEGINNING BALANCE & INCOME
* In accordance with Governmental Accounting Standards the beginning balance includes
the cost of the Student Health Services building at $412,375 as an asset
49
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
STUDENT HEALTH SERVICES FUND (FUND 69.0)
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$493,095
$165,814
$80,000
$100,800
$10,000
$493,095
$165,814
$80,000
$100,800
$10,000
$408,284
$117,910
$64,411
$115,455
$8,619
$405,804
$150,905
$133,000
$145,000
$15,000
$405,804
$150,911
$133,000
$126,250
$15,000
$849,709
$849,709
$714,678
$849,709
$830,965
ENDING BALANCE
$1,206,122
$1,206,122
$1,462,298
$1,245,131
$1,481,042
TOTAL EXPENSES & ENDING BALANCE
$2,055,831
$2,055,831
$2,176,976
$2,094,840
$2,312,007
CLASSIFIED SALARIES
STAFF BENEFITS
BOOKS & SUPPLIES
SERVICES & OPERATIONS
CAPITAL OUTLAY
TOTAL EXPENDITURES
50
PROJECTED EXPENDITURES
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
STUDENT HEALTH SERVICES FUND (FUND 69.0)
STUDENT HEALTH SERVICES EXPENDITURES
SERVICES &
OPERATIONS
15.2%
CAPITAL OUTLAY
1.8%
CLASSIFIED SALARIES
48.8%
BOOKS & SUPPLIES
16.0%
STAFF BENEFITS
18.2%
51
RETIREE HEALTH
BENEFIT FUND
GASB 45
52
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund was established in 2004-05 to initialize the
funding of the District’s liability for future payment of
employees retirement health benefits. The District will
transfer in $500,000 which will bring the balance to
$3.2 million in the 2009-10 year.
53
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
RETIREE HEALTH BENEFIT FUND SUMMARY (FUND 69.1)
NET BEGINNING BALANCE
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$2,193,041
$2,193,041
$2,193,041
$2,693,041
$2,754,976
$0
$500,000
$0
$500,000
$61,935
$500,000
$0
$500,000
$0
$500,000
$500,000
$500,000
$561,935
$500,000
$500,000
$2,693,041
$2,693,041
$2,754,976
$3,193,041
$3,254,976
INCOME
INTEREST
TRANSFERS IN
TOTAL INCOME
NET BEGINNING BALANCE & INCOME
54
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
RETIREE HEALTH BENEFIT FUND SUMMARY (FUND 69.1)
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
$0
$0
$0
$0
$0
ENDING BALANCE
$2,693,041
$2,693,041
$2,754,976
$3,193,041
$3,254,976
TOTAL EXPENSES & ENDING BALANCE
$2,693,041
$2,693,041
$2,754,976
$3,193,041
$3,254,976
EXPENDITURES
55
FINANCIAL AID
FUND
56
2009-10 BUDGET ASSUMPTIONS
ESTIMATED REVENUES/EXPENDITURES:
This fund distributes financial aid to students.
Programs include:

Pell Grant: $20,000,000

SEOG: $345,549

Cal Grants: $2,000,000

Nursing Grants: $14,989

Academic Competitiveness Grant: $150,000
Expenditures consist of cash grants and book vouchers
57
BEGINNING BALANCE & PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
$108,549
$108,549
$108,549
$97,076
$114,549
$12,000,000
$339,186
$1,800,000
$213,819
$130,000
$0
$17,000,000
$339,186
$1,800,000
$3,097
$130,000
$0
$17,284,281
$339,448
$1,459,254
$3,097
$107,275
$6,000
$20,000,000
$345,549
$2,000,000
$3,097
$150,000
$0
$20,000,000
$345,549
$2,000,000
$14,989
$150,000
$0
TOTAL INCOME
$14,483,005
$19,272,283
$19,199,355
$22,498,646
$22,510,538
NET BEGINNING BALANCE & INCOME
$14,591,554
$19,380,832
$19,307,904
$22,595,722
$22,625,087
NET BEGINNING BALANCE
INCOME
PELL GRANT
SEOG
CAL GRANTS
NURSING GRANTS
ACADEMIC COMPETITIVENESS GRANT
INTEREST
58
PROJECTED EXPENDITURES & ENDING BALANCE
CERRITOS COMMUNITY COLLEGE DISTRICT
2008-09 ACTUAL YEAR END AND 2009-10 PROPOSED ADOPTED BUDGET
STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)
2008-09
ADOPTED
BUDGET
2008-09
REVISED
BUDGET
2008-09
ACTUAL/UNAUDITED
REVENUE/
EXPENDITURES
2009-10
PROPOSED
TENTATIVE
BUDGET
2009-10
PROPOSED
ADOPTED
BUDGET
EXPENDITURES
STUDENT FINANCIAL AID*
TOTAL EXPENDITURES
ENDING BALANCE
TOTAL EXPENSES & ENDING BALANCE
$14,494,478
$19,283,756
$19,193,355
$22,498,646
$22,510,538
$14,494,478
$19,283,756
$19,193,355
$22,498,646
$22,510,538
$97,076
$97,076
$114,549
$97,076
$114,549
$14,591,554
$19,380,832
$19,307,904
$22,595,722
$22,625,087
*Books & Supplies are classified under Student Financial Aid
59
PROJECTED REVENUE
CERRITOS COMMUNITY COLLEGE DISTRICT
2009-10 PROPOSED ADOPTED BUDGET
STUDENT FINANCIAL AID FUND SUMMARY (FUND 74.0)
STUDENT FINANCIAL AID FUND REVENUE
SEOG
1%
ACADEMIC COMP
1%
NURSING GRANTS
0%
CAL GRANTS
9%
PELL GRANT
89%
60
The End



For any questions, please contact
Jim Albanese [email protected]
 Ext 2242
Lola Rizkallah [email protected]
 Ext 2266
Thank You
61