Board Highlights October 2010

The Mt. San Jacinto College Board of Trustees adopted a District budget for 2010-11 during its regular meeting on Oct. 14, 2010.
 
The District, awaiting approval of a state budget, had been operating on a tentative budget adopted by the Board in June. State law requires the adoption of a Tentative Budget on or before July 1. District officials anticipated that the state’s economic outlook would result in significant changes by the time the board was able to adopt a permanent budget. The recently adopted budget shows a slight increase over the tentative budget.
 
Under the newly adopted budget, the unrestricted General Fund is expected to be $57.3 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 $9 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.
 
Officials expect MSJC’s total funds, which also include Associated Student Body and Foundation funds, to be $130 million.
 
For information on the tentative budget that was approved in June, see: http://www.msjc.edu/PublicInformationOffice/Pages/Board-Highlights-June-10,-2010.aspx