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SCENARIOS
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KEY ASSUMPTIONSFY - 2022FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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Served Enrollment (Open Enrollment & Resident Students)2,309.502,347.502,389.602,409.202,429.202,434.202,439.20
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Staff Salary Increases2.18%3.12%3%3%2.50%2.50%2.50%
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1) Base ScenarioACTUALBUDGET
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FY - 2022FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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SSA%2.40%2.50%2.50%2.50%2%2%2%
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TOTAL REVENUE$27,842,236$29,226,346$29,340,874$30,068,806$30,672,262$31,288,277$31,917,002
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TOTAL EXPENDITURES$28,687,745$29,763,311$30,289,787$30,908,415$31,430,532$31,965,005$32,512,201
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SURPLUS / DEFICIT-$845,509-$536,965-$948,913-$839,609-$758,270-$676,728-$595,199
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PROJECTED YEAR END FUND BALANCE$4,637,787$4,100,822$3,151,909$2,312,300$1,554,030$877,302$282,103
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UNSPENT AUTHORIZED BUDGET$5,286,384$4,993,665$4,364,239$3,901,159$3,571,059$3,374,960$3,292,376
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UNSPENT AUTHORIZED BUDGET RATIO15.60%14.40%12.60%11.20%10.20%9.50%9.20%(5-15%)
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SOLVENCY RATIO15.30%12.70%9.30%6.10%3.40%1.10%-0.80%(7-17%)
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2) Base Scenario with Early Retirement effective FY26ACTUALBUDGET
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FY - 2022FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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SSA%2.40%2.50%2.50%2.50%2%2%2%
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TOTAL REVENUE$27,842,236$29,226,346$29,340,874$30,068,806$30,672,262$31,288,277$31,917,002
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TOTAL EXPENDITURES$28,687,745$29,763,311$30,289,787$30,908,415$31,149,516$31,676,963$32,216,959
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SURPLUS / DEFICIT-$845,509-$536,965-$948,913-$839,609-$477,254-$388,686-$299,957
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PROJECTED YEAR END FUND BALANCE$4,637,787$4,100,822$3,151,909$2,312,300$1,835,046$1,446,360$1,146,403
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UNSPENT AUTHORIZED BUDGET$5,286,384$4,993,665$4,364,239$3,901,159$3,852,075$3,944,018$4,156,676
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UNSPENT AUTHORIZED BUDGET RATIO15.60%14.40%12.60%11.20%11.00%11.10%11.40%(5-15%)
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SOLVENCY RATIO15.30%12.70%9.30%6.10%4.40%3.00%2.00%(7-17%)
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3) 3% SSAACTUALBUDGET
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FY - 2022FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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SSA %2.40%2.50%3%3%3%3%3%
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TOTAL REVENUE$27,842,236$29,226,346$29,453,319$30,300,292$31,148,363$32,022,178$32,922,042
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TOTAL EXPENDITURES$28,687,745$29,763,311$30,310,556$30,951,223$31,518,576$32,100,738$32,698,123
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SURPLUS / DEFICIT-$845,509-$536,965-$857,237-$650,931-$370,213-$78,560$223,919
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PROJECTED YEAR END FUND BALANCE$4,637,787$4,100,822$3,243,585$2,592,654$2,222,441$2,143,881$2,367,800
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UNSPENT AUTHORIZED BUDGET$5,286,384$4,993,665$4,462,306$4,201,176$4,286,659$4,731,533$5,527,128
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UNSPENT AUTHORIZED BUDGET RATIO15.60%14.40%12.80%12.00%12.00%12.80%14.50%(5-15%)
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SOLVENCY RATIO15.30%12.70%9.50%7.00%5.60%5.20%5.80%(7-17%)
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4) 3.5% SSAACTUALBUDGET
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FY - 2022FY - 2023FY - 2024FY - 2025FY - 2026FY - 2027FY - 2028
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SSA %2.40%2.50%3.50%3.50%3.50%3.50%3.50%
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TOTAL REVENUE$27,842,236$29,226,346$29,565,750$30,531,906$31,508,559$32,517,905$33,565,473
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TOTAL EXPENDITURES$28,687,745$29,763,311$30,331,321$30,994,158$31,585,250$32,192,691$32,817,125
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SURPLUS / DEFICIT-$845,509-$536,965-$765,571-$462,252-$76,691$325,214$748,348
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PROJECTED YEAR END FUND BALANCE$4,637,787$4,100,822$3,335,251$2,872,999$2,796,308$3,121,522$3,869,870
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UNSPENT AUTHORIZED BUDGET$5,286,384$4,993,665$4,560,374$4,501,195$4,901,029$5,778,559$7,136,403
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UNSPENT AUTHORIZED BUDGET RATIO15.60%14.40%13.10%12.70%13.40%15.20%17.90%(5-15%)
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SOLVENCY RATIO15.30%12.70%9.80%8.00%7.50%8.30%10.30%(7-17%)
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