Special Board of Trustees Meeting Over Budget Concerns
Isiah Reyes
Issue date: 6/24/09 Section: Board of Trustees
Glendale College's board of trustees held a special meeting June 15 in response to the California's serious budget crisis to discuss the tentative budget for the 2009-2010 year, focusing on the budget development, revenue and expenditure adjustments and pending college issues.
"We're coming up with a plan," said Rob Nakasone, interim vice president of administrative services. "One of the problems is that the state hasn't approved its budget, so we don't really know what our level of comfort will be."
The board has many options for saving money for the budget. Cutting the winter intersession and the second summer session are just a few of those options. Ovsanna Khachikian, president of associated students, stated her disapproval for the elimination of the winter and summer sessions.
"I think cutting winter intersession…would be detrimental to students who have educational goals," Khachikian said. "I think at this point it's a bit too late to cut back on the second summer session."
GCC's revenue in the 2008-2009 year received the hardest hit from the property tax deficit, which was projected to be $981,000. The college had no budget for it whatsoever. In total, the difference between the budget revenue and the projected budget revenue was $576,000 more than planned.
A total of $5,229,000 separated the difference from budget expenditures to projected budget expenditures. Nakasone explained why.
"Part of the reason [for the difference] is because when we budgeted the retirement incentive, we didn't realize that we were going to have as many retirees as we did," Nakasone said.
Another category on the expenditures list was services, which had a projected difference of $731,000. The most significant overdrafts this year were hourly classified, benefits and utilities which added up to a total of $1,091,000.
During the meeting, after the 2008-2009 GCC budget status was discussed, the focus moved onto the next year's state budget.
"We're coming up with a plan," said Rob Nakasone, interim vice president of administrative services. "One of the problems is that the state hasn't approved its budget, so we don't really know what our level of comfort will be."
The board has many options for saving money for the budget. Cutting the winter intersession and the second summer session are just a few of those options. Ovsanna Khachikian, president of associated students, stated her disapproval for the elimination of the winter and summer sessions.
"I think cutting winter intersession…would be detrimental to students who have educational goals," Khachikian said. "I think at this point it's a bit too late to cut back on the second summer session."
GCC's revenue in the 2008-2009 year received the hardest hit from the property tax deficit, which was projected to be $981,000. The college had no budget for it whatsoever. In total, the difference between the budget revenue and the projected budget revenue was $576,000 more than planned.
A total of $5,229,000 separated the difference from budget expenditures to projected budget expenditures. Nakasone explained why.
"Part of the reason [for the difference] is because when we budgeted the retirement incentive, we didn't realize that we were going to have as many retirees as we did," Nakasone said.
Another category on the expenditures list was services, which had a projected difference of $731,000. The most significant overdrafts this year were hourly classified, benefits and utilities which added up to a total of $1,091,000.
During the meeting, after the 2008-2009 GCC budget status was discussed, the focus moved onto the next year's state budget.
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