Board Highlights June 10, 2010
The Mt. San Jacinto College Board approved on Thursday, June 10 a Tentative Budget for fiscal year 2010-11.
Under the Tentative Budget, MSJC expects to spend as much as it receives in 2010-11. The unrestricted General Fund is expected to be $56.2 million and is money the district uses to pay for salaries and benefits and to support basic instruction and instructional support activities. It includes a Special Reserve of $6.1 million, with $2.8 million of those funds required to be designated.
The restricted General Fund is expected to be $7.2 million. The restricted General Fund is money that comes from a specific source and can only be used as outlined by that source. It pays for federal programs, like Title IV and Technical Education, and state programs like Matriculation and Disabled Students Programs.
Under the Tentative Budget, officials expect MSJC’s total funds, which also include Associated Student Body and Foundation funds, to be $126.5 million.
The Board approved the Tentative Budget 4 – 1, with Trustee Ann Motte dissenting. State law requires the adoption of a Tentative Budget on or before July 1. The unresolved state economic outlook could result in significant changes by the time the board adopts a Final Budget, which is required to be done prior to September 15. The state may make reductions that would affect revenues to community colleges.
The Tentative Budget is based on projections from the state Governor’s May Budget. It allows MSJC to make the necessary changes based on decisions at the state level and still continue handling its ongoing expenditures until a Final Budget can be adopted.
The Board approved a resolution to form a School Facilities Improvement District in the San Gorgonio Pass area. The vote was 4 – 1, with Trustee Motte dissenting. The resolution means that in November, MSJC can ask voters in the Banning and Beaumont unified school district areas to approve a general obligation bond measure to help finance college facilities and equipment in the Pass area.