Meeting Notes - June 8, 2012
Budget Update
- Structural deficit
- Tax package
- Redevelopment agency (RDA)
- Kevin McElroy may sweep Ending Fund balances
- $ 412,877 reduction for FER PBT
- Retirements
- Reorganization
- Marketing is using B budget.
- VP 1 $ 5M - 7% $412,877
- VP 2 $ 15M - 41% $2.4M
- VP 3 $ 58M - 51% $ 3M
- Overall spending Cuts
- DASB is taking on some expenses from student accounts I $100K.
- B&P $100K 1FTE
- CS $180K 2FTE
- TRG $100K 1FTE
- 8% budget FER B budget
Present: Gerard, Jeanpierre, Jenkins, Kahn, Michaelis, Montgomery. Notes: Gibson.