"Back To School" Flex Day 2007: DISTRICT BUDGET QUIZ

1. The SMC District 06-07 reserve is…

a)      $1.2 million

b)      $3 million

c)      $6 million

d)      $15 million

e)      more than $15 million and the historical high - CORRECT ANSWER

2. This year's reserve represents what percent of the unrestricted budget?

a) 5% (the amount recommended for Community Colleges)

b) 6%

c) 7%

d) 9%

e) 12%  - CORRECT ANSWER

3. From the beginning of the “budget year” in Sept 2006 until the close of this “budget year”, the reserve has increased by what percent?

a) 5%

b) 10%

c) 20%

d) 50%

e) 100% - CORRECT ANSWER

4. From 2004-2007, the District has received over 13% in state COLA. How much COLA has been passed on to faculty?

a) more than 13%

b) 13%

c) 6%

d) less than 5% - CORRECT ANSWER

e) Coca-Cola

5. There are 102 Community Colleges in California. Looking at SMC's salary schedule, where would you expect the average (Step 11) faculty salary to rank?

a) We're #1

b) #10

c) #36 - CORRECT ANSWER

d) #47

d) #102

BONUS QUESTION: If the District were to increase its salary offer from 2% to 3% how much money would it cost? In other words, what is the cost of each 1% increase in faculty salaries? CORRECT ANSWER: $530,000 per 1% salary increase