We have put a halt to our practice of deficit spending and we developed a balanced budget for the next fiscal year. Unfortunately, the recent state budget crisis has put us and our entire district back into a deficit situation.

What we have accomplished since August 2008:

  • The Budget Planning Committee has made a significant change in its operating procedures. Most notably, a chair has been elected and the committee is now responsible for developing budget forecasts and for making recommendations to College Council. In short, we have taken a proactive rather than reactive approach to solving our budget problem.
  • We have eliminated our ongoing structural deficit, which has varied between $1.0-1.5 million each year over the last 3 years. Unfortunately, the state budget crisis has created a new deficit for us.
  • Our college Load, which is a critical indicator of financial solvency, has increased significantly for the spring 2009 semester.

On the horizon:

  • The Budget Planning Committee will complete its forecast for the 2009/10 academic year, develop strategies to close the budget deficit, and will make recommendations to College Council. Due to the current state budget crisis, it is likely that the Budget Planning Committee and College Council will continue to meet over the summer months to finalize our budget for the next fiscal year.
  • The college will fully implement the managed hiring process that was approved by the Board of Trustees last December.