Budget Fundamentals
What type of budget covers day-to-day expenses and revenues?
What is the Operating Budget
What acronym refers to the funding model that includes FTES, supplemental, and success metrics?
What is SCFF
What law requires that at least 50% of educational expenses go to instructional salaries and benefits?
What is the Fifty Percent Law
What are the three main sources of revenue for community colleges?
What are Federal, State, and Local Revenues
What is the most important aspect of the budgetary process due to its impact on salaries and benefits?
What is Position Control
Which type of funds are earmarked for specific uses and cannot be spent freely?
What are Restricted Funds
What planning tool translates state budget updates into district-level fiscal assumptions?
What are Budget Assumptions
What Title 5 section requires “consultation” with academic senates on professional matters?
What is §53203
What type of fund includes bookstore and cafeteria operations?
What is the Enterprise Fund
What is the name of the FCMAT tool used to assess fiscal health risks?
What is the Fiscal Health Risk Analysis (FHRA)
What is the recommended reserve level in percentage terms, equivalent to two months of operating expenditures?
What is 16.7%
What is the name of the tool used to estimate SCFF revenue?
What is the SCFF Estimator
What is the penalty for noncompliance with the Fifty Percent Law?
What is a $1-for-$1 reduction in apportionment
What is the term for funds that must be used for a specific purpose, such as grants or student fees?
What are Restricted Funds
What type of spending should be matched with one-time revenues?
What is One-Time Spending
What document must be adopted by the board in September each year?
What is the Final Budget
What percentage of a district’s budget typically goes to personnel costs?
What is 85–90%
What is the acronym for the number of full-time faculty a district must employ each fall?
What is FON
What is the term for the holistic approach to managing facilities costs over their lifecycle?
What is Total Cost of Ownership (TCO)
What is the name of the activity code used for student and co-curricular activities?
What is 6960
What is the term for spending that exceeds revenue and leads to a net decrease in fund balance?
What is Deficit Spending
What is the name of the projection method that spans the current year and two future years?
What is a Multiyear Projection
What is the name of the manual that defines budget object codes and compliance rules?
What is the Budget & Accounting Manual (BAM)
What is the term for the percentage reduction in SCFF revenue when the state cannot fully fund apportionments?
What is the Deficit Factor
What budgeting best practice involves aligning budget decisions with strategic goals and program review?
What is Resource Allocation Linked to Planning