Campus Budget

Campus Budget

Meeting Notes - January 24, 2017

 

Approve the Notes From December 6, 2016

The notes were approved.

 

FY 16/17 General Fund B Budget Update

Cheu presented an update on the general fund. She reviewed the projected vs. actual balances of the college approved FY15/16 standardization plan. The college spent $93,807 less than projected. Cheu then reviewed the effect the aforementioned FY15/16 standardization plan had on the FY15/16 carryforward balance. The actual FY15/16 carryforward was $3,790,207 which was $1,015,497 over the projected amount of $2,774,710. The additional money could be mainly attributed to unfilled positions (FLOAT).  Cheu shared the college's FY16/17 rationale of using one-time carryforward balance to meet the needs of our students. This rationale was reflected in the requests for an additional $603,000 in B budget funding to be split between thirteen areas and a personnel request for one custodian II position. Cheu concluded the presentation by reviewing the FY16/17 forecast with the additional expenses included. A five-year forecast of ending fund balances reflected a positive ending fund balance through FY17/18 after which the ending fund balance would turn negative.

 

FY17/18 State Budget Proposal

Cheu shared the California Community Colleges Chancellor Eloy Ortiz Oakley’s Statement on Gov. Jerry Brown’s 2017-18 Budget Proposal - Jan 10, 2017 and the 2017-18 Governor’s Budget for California Community Colleges - Jan. 11, 2017 both of which are posted to the campus budget web site for review.

 

Quick News

Cheu thanked the team for their hard work on writing the self study report for accreditation.



Governance
Building: Administration
Contact: Pippa Gibson
Phone: 408.864.8936
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Last Updated: 2/22/17