Campus Budget

Campus Budget

FHDA Budget Update & Guiding Principles

Information from the February 17, 2009 District Budget Committee Meeting.

 

Guiding Principles:

Over the next 18 months, FHDA will reduce an anticipated $11 million structual deficit by June 30, 2010 under the following guiding principles:

  • Preserve instructional programs and student services to meet students' educational needs.
  • Meet annual growth and productivity goals.
  • Preserve staffing levels to the extent possible.
  • Achieve $11 million in ongoing expense reductions by June 30, 2010.

Budget Update:

  • Structural deficit for 2008-09:             $7.8 million
  • Est. Structural deficit for 2009-10:      $11 million
  • Major cost drivers:
    • Health benefits
    • Step/column
    • Other operational costs
  • Structural reduction targets/solutions:
    • Phase I:           $5 million by June 30, 2009
    • Phase II:          $3 million by December 31, 2009
    • Phase III:         $3 million by June, 30, 2010

 





Governance
Building: Administration
Contact: Pippa Gibson
Phone: 408.864.8936
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Last Updated: 2/20/09