REVISED


M E M O R A N D U M

							September 12, 2012



To:		Members of the Board of Trustees 	

From:		Nancy L. Zimpher, Chancellor

Subject:  	Community College Operating Budgets 2012-2013


Action Requested

	The proposed resolution approves the 2012-2013 operating budgets of the community colleges under the program of the State University.

Resolution

	I recommend that the Board of Trustees adopt the following resolution:

Whereas local community college boards and the local sponsors have previously approved these budgets; and

Whereas these budgets and the local approvals are in accordance with State law and the rules, regulations and administrative procedures of the University; and

Whereas state operating aid increased from $2,122 per student for 2011-12 to $2, 272 per student for 2012-13; and 

Whereas state operating aid has increased from 24.8% of net operating costs for 2011-12 to 25.6% for 2012-13; and

Whereas in recognition of the value the community colleges provide to New York State; now, therefore, be it

Resolved that the operating budgets for the community colleges, for the 2012-2013 college fiscal year, be, and hereby are, approved as follows:



Community College
Total Operating Costs
State Operating Aid
Adirondack
$26,428.260
$6,946,624
Broome
48,342,982
12,182,644
Cayuga County
32,350,582
8,853,822
Clinton
15,653,409
3,825,634
Columbia-Greene
16,840,000
3,563,893
Corning
32,168,329
7,897,297
Dutchess
60,480,663
17,012,849
Erie
111,005,258
30,520,697
Fashion Institute
179,510,181
21,413,249
Finger Lakes
43,344,228
11,950,961
Fulton-Montgomery
18,772,176
5,125,066
Genesee
37,065,000
11,225,701
Herkimer County
25,276,377
6,989,959
Hudson Valley
97,597,960
23,940,208
Jamestown
33,994,003
8,950,470
Jefferson
25,480,170
6,383,752
Mohawk Valley
50,037,922
13,499,571
Monroe
122,309,000
36,955,029
Nassau
204,746,883
44,819,239
Niagara County
48,069,978
12,179,228
North Country
13,630,000
3,932,117
Onondaga
77,637,800
20,998,461
Orange County
58,750,892
11,721,045
Rockland
66,935,826
15,610,629
Schenectady County
27,555,855
9,042,704
Suffolk County
190,961,996
46,402,822
Sullivan County
16,866,432
3,291,772
Tompkins-Cortland
37,487,084
9,427,152
Ulster County
24,723,803
5,353,900
Westchester
116,515,780
31,319,644

Background

	This resolution approves the prior action of each community college and its respective local sponsor or sponsors in setting the annual operating budget for the 2012-2013 college fiscal year.

	All thirty community colleges in the State University have completed the local budget development and approval process in accordance with State Education Law, as well as the University’s regulations and administrative procedures related to allowable costs, allowable tuition rates, anticipated State operating aid, capital and operating chargeback rates, and required formats.  

	As detailed on the attached 2012-2013 Budget Summary tables for each community college and the community college system as a whole, budgeted net operating costs increased by 2.8% (or $47.8 million) from $1,717.0 million to 
$1,764.8  million.  On a per FTE basis, budgeted net operating costs increased by 6.4% (or $558) from $8,757 to $9,315.

	The budgeted $558 increase in net cost per FTE student is a factor of a 9.7% increase (or $210) per FTE student in State operating aid, a 3.9% increase (or $152) per FTE student in tuition revenue, and a 7.4% increase (or $196) per FTE student in local share.
 
      The average tuition rate is budgeted to increase by 3.6% (or $133) from $3,703 to $3,836.  These rate increases are submitted for Board of Trustees consideration in a separate resolution and are consistent with the rate increases reviewed by the Board in June.

	Overall, in 2012-2013, budgeted State operating aid represents 25.6% of net operating costs; student tuition represents 43.9%; and the local share represents 30.6%.  In 2011-2012, budgeted State operating aid was 24.8% of net operating costs; student tuition was 44.9%; and the local share was 30.3%.
	
		


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Board Resolution	-3- 	September 12, 2012