LOS ANGELES COMMUNITY COLLEGE DISTRICT
BOARD OF TRUSTEES
BUDGET AND FINANCE COMMITTEE
Educational Services Center
Board Room – First Floor
770 Wilshire Boulevard
Los Angeles, California 90017
Wednesday, August 9, 2006
10:00 – 11:30 a.m. Committee: Kelly Candaele, Chair; Georgia Mercer; Michael Waxman Participants: Adriana Barrera, ESC; Velma Butler, AFT; John Clerx, ESC; Gary Colombo, ESC; Daphne Congdon, ESC; Larry Eisenberg, ESC; Carl Friedlander, AFT; Robert Garber, Pierce College; Jeanette Gordon, ESC; Camille Goulet, ESC; Leon Marzillier, DAS; Vinh Nguyen, ESC; Tyree Wieder, LAVC; Lynn Winter Gross, ESC; Darroch Young, ESC In the absence of Trustee Candaele, Trustee Mercer called the meeting to order at 10:18 a.m. PUBLIC SPEAKERS None. REPORTS/RECOMMENDATIONS State Budget Update District’s 2005­06 Enrollment and Financial Status 2006­07 Proposed Final Budget Issuance of Proposition AA Bonds Copies of a document entitled “Budget/Resource Development Committee” were distributed. Chancellor Young gave an overview of the document. (Trustee Candaele arrived at 10:21 a.m.) Mr. Vinh Nguyen discussed the State Budget Update with respect to the California Community Colleges budget, the rollback of the enrollment fee, growth enrollment, equalization funds distribution, SB 361 – the new California Community College funding formula, and vetoed items including part­time faculty health insurance and part­time office hours. There was discussion regarding the part­time faculty health insurance and part­time office hours. Mr. Nguyen discussed 2006­07 budget development with respect to one­time funds, ongoing funds, and basic skills funds; and SB 361 simulation–LACCD; 2006­07 FTES planning. Ms. Jeanette Gordon discussed the 2005­06 open orders and preliminary ending balances. Mr. Nguyen discussed the 2006­07 proposed tentative budget with respect to the District budget allocation formula, the need to address the college budget deficits, base restoration and enrollment growth, and marketing and student recruitment. He discussed the 2006­07 proposed final budget with respect to appropriations, the unrestricted general fund, and the summary of all funds. Ms. Gordon indicated that a resolution authorizing the issuance of the general obligation bonds and the adoption of the 2006­07 Final Budget would be on the agenda of the August 23, 2006 Board meeting.
Budget and Finance Committee 1 August 9, 2006
New Business None. ADJOURNMENT Motion by Trustee Waxman, seconded by Trustee Mercer, to adjourn. Without objection, so ordered. APPROVED: 3 Ayes The meeting adjourned at 11:31 a.m.
Budget and Finance Committee 2 August 9, 2006