| Current FY2005-2006 | FY2006-2007 | FY2007-2008 | ||||||||||||||||||||||||
| PROJECTED GENERAL FUND BEGINNING BALANCE | $ 6,740,885 | PROJECTED GENERAL FUND BEGINNING BALANCE | $ 5,742,059 | PROJECTED GENERAL FUND BEGINNING BALANCE | $ 4,292,409 | |||||||||||||||||||||
| PROJECTED GENERAL FUND REVENUE | $ 33,216,779 | PROJECTED GENERAL FUND REVENUE | $ 34,529,508 | PROJECTED GENERAL FUND REVENUE | $ 36,581,758 | |||||||||||||||||||||
| Key Assumptions | Key Assumptions | Key Assumptions | ||||||||||||||||||||||||
| * Tuition increase per credit +$6.00/cr inc. | * Tuition to increase +$3.00/cr inc. | * Tuition to increase +$3.00/cr inc. | ||||||||||||||||||||||||
| (same incr for out of St/Intl) | (proportional incr for out of St/Intl) | (proportional incr for out of St/Intl) | ||||||||||||||||||||||||
| *State Revenue + 7.83% | *State Revenue | *State Revenue | ||||||||||||||||||||||||
| A New Funding Formula | Increase 3.6% | Increase 8.11% | ||||||||||||||||||||||||
| LBCC FTE inc/dec. statewide rate | ||||||||||||||||||||||||||
| Additional $ for CSL | ||||||||||||||||||||||||||
| * Transfers In | ||||||||||||||||||||||||||
| PROJECTED GENERAL FUND EXPENDITURES | $ 34,215,605 | PROJECTED GENERAL FUND EXPENDITURES | $ 35,979,158 | PROJECTED GENERAL FUND EXPENDITURES | $ 38,477,145 | |||||||||||||||||||||
| Key Assumptions | Key Assumptions | Key Assumptions | ||||||||||||||||||||||||
| PERS Rates increase 75.95% -Phase in two biennia | PERS Rate small increase-Shift to OPSRP (0.78%) | PERS Rate phase II -Shift to OPSRP 34.1% inc. | ||||||||||||||||||||||||
| Health Insurance 15% | Health Insurance 10% | Health Insurance 10% | ||||||||||||||||||||||||
| M & S increase of 2% targeted to need | M & S increase of 2% targeted to need | M & S increase of 2% targeted to need | ||||||||||||||||||||||||
| Salaries - by contract | Salaries - by contract and/or trend 4.5% | Salaries - by contract and/or trend 4.5% | ||||||||||||||||||||||||
| Transfers Funded at level required to sustain current activity | Transfers Funded at level required to sustain current activity | Transfers Funded at level required to sustain current activity | ||||||||||||||||||||||||
| BOARD MANDATED Minimum CONTINGENCY- EFB | $ 3,112,120[1] | BOARD MANDATED Minimum CONTINGENCY- EFB | $ 3,221,725 | BOARD MANDATED Minimum CONTINGENCY- EFB | $ 3,269,933 | |||||||||||||||||||||
| PROJECTED ENDING FUND BALANCE | $ 5,742,059 | PROJECTED ENDING FUND BALANCE | $ 4,292,409 | PROJECTED ENDING FUND BALANCE | $ 2,397,023 | |||||||||||||||||||||
| NET CHANGE TO ENDING FUND BALANCE | -$ 998,826 | NET CHANGE TO ENDING FUND BALANCE | -$ 1,449,650 | NET CHANGE TO ENDING FUND BALANCE | -$ 1,895,386 | |||||||||||||||||||||