2018-19 Budget

TCC Board of Trustees Workshop June 18, 2018 FY19 Projected Revenue & Expenses

Revenue Expenditures State General Appropriation $23,500,218 Personnel $47,267,394 Lottery $7,596,608 Operating $13,250,000 Tuition & Fees $26,715,237 Capital Outlay $700,000 Other Revenue $835,216 Federal Support $174,309 Industry Certifications $326,442 Performance Funding $0 Auxiliary Transfer $1,000,000 Fund Balance $1,000,000 Total Revenue $61,217,394 Total Expenditure $61,217,394 State Revenue History and Estimate Appropriation Lottery Performance Non-recurring Total from State $40,000,000

$35,000,000

$30,000,000

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

Source: Department of Education, System Budget Office *Estimate based on projected allocations State Appropriation History

2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 General $24,197,705 $24,544,546 $24,555,816 $24,896,066 $24,303,637 $23,500,218 Appropriation Lottery (EETF) $5,538,057 $ 7,132,216 $ 6,851,244 $ 7,653,868 $6,512,031 $7,596,608 Non-recurring $0 $0 $0 $718,868 $375,000 $69,363 Performance $0 $0 $1,508,203 $1,666,760 $1,629,470 0 Funding TOTAL $29,735,762 $31,676,762 $32,358,261 $34,102,182 $31,177,700 $30,361,280 TCC Annual Enrollment

Credit Hours 350,000

300,000 319,145 301,177 285,717 250,000 269,916 263,280 264,281 264,281

Estimate 200,000

150,000

100,000

50,000

0 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Tuition per Credit Hour 2017-18 Comparison with Other Florida Colleges

Florida State College at Jacksonville 82.78 Florida Keys 82.78 82.78 82.78 NW FL St College 82.77 82.66 82.00 FL SW St College 81.21 Indian River St College 81.21 Lake Sumter St College 81.20 St Petersburg College 80.94 Hillsborough C College 80.45 Seminole State 79.78 College of Central Florida 79.60 Daytona St College 79.22 Pensacola St College 79.20 S FL State College 79.18 FL Gateway 78.94 E FL St College 78.84 Chipola College 78.84 St College of FL 78.84 St Johns R St College 78.84 77.98 Palm Beach St 76.92 Tallahassee CC 76.80 Pasco Hernando 76.57 N FL CC 76.00 Source: Florida Department of Education, Gulf Coast St 72.92 Budget Office . Cost of Instruction as Percent of Total Operating Budget

INDIAN RIVER 50.3% VALENCIA 48.9% GULF COAST 48.6% TALLAHASSEE 48.2% EASTERN 47.8% POLK 46.5% SANTA FE 46.5% HILLSBOROUGH 45.6% SEMINOLE 45.4% DAYTONA 45.0% BROWARD 44.3% SAINT PETERSBURG 44.1% PALM BEACH 43.7% SCF, MANATEE-SARASOTA 43.2% SOUTHWESTERN 43.2% CENTRAL FLORIDA 42.4% CHIPOLA 42.0% PENSACOLA 41.9% MIAMI DADE 40.7% SAINT JOHNS RIVER 40.3% FSC, JACKSONVILLE 40.0% FLORIDA KEYS 40.0% NORTHWEST FLORIDA 37.9% GATEWAY 37.6% PASCO-HERNANDO 36.1% SOUTH FLORIDA 35.9% LAKE-SUMTER 34.8% 29.7%

Source: Florida College System Annual Cost Analysis 2015-16 Rising Insurance Costs

$5,535,151

$3,794,397

$1,269,273 $1,107,419

2012 2013 2014 2015 2016 2017 Paid by employee for employee's health insurance Paid by employee for employee's family health insurance Paid by the College for employee's health insurance Source: TCC HR Department Rising FRS Costs

$3,231,128

$2,220,610

$1,169,814 $966,944

2012 2013 2014 2015 2016 2017

Employee Paid Employer Paid

Source: Florida Division of Retirement What the Budget Does…

• Achieves a balanced budget • Provides no tuition increase • Provides no student fee increase • Represents a 1.5% reduction in state appropriations • Budgets without a change in enrollment • Retains greater than 5% fund balance as required What the Budget Does

• Covers an insurance increase ($129,000/6 months) • Funds strategic personnel decisions • Provides additional support for successful implementation of the Student Information System • Expands the Nursing program • Maintains commitment to Gadsden and Wakulla Counties • Maintains support for the Center for Innovation Challenges Ahead

• Concluding faculty bargaining and adjusting the budget accordingly • The rising cost of health insurance • Changes to legislation regarding dual enrollment (home- school/private school) • The rising cost of various required services (Workday, student support software) Capital Outlay Budget

• PECO Maintenance (Sum of the Digits) Allocation - $1,155,218 • No TCC capital projects were funded • No Operating Costs for New Facilities (OCNF) statewide • No Remodeling/Renovation Allocations statewide Capital Expenditures

• Continue campus-wide infrastructure improvements • Continue classroom upgrades with the Foundation • Institute an ongoing equipment preventative maintenance program • Institute a refresh program for facilities • Establish a project priority list