The freed up 13 funds will count towards a college's carry forward limitation. The redistribution also will impact our percent of effort towards instruction as reported to the state. Keith also discussed general budget expectations for next fiscal year. An overall 3.4 percent increase is expected from the legislature, with a likely 5.3 percent increase in state classified salaries. The result is little new money.
Reallocations are the only way to fund new initiatives.
Jupe Herrick suggested we need more reallocation skills. Nancy Graham announced that several Cost Accounting Standards training sessions have been scheduled for this semester. The dates are on the website and registration is by email to her. Agenda deadline is Friday, January 30.