AGENDA ITEM BACKGROUND TO: GOVERNING BOARD DATE FROM: PRESIDENT April 11, 2011 SUBJECT: Acceptance of SBDC Contract with Humboldt State University REASON FOR BOARD CONSIDERATION ACTION ENCLOSURE(S) ITEM NUMBER Page 1 of 1 A.5 Background: The Central Coast Small Business Development Center at Cabrillo College receives its federal dollars from the Small Business Administration through an annual contract from the Humboldt State University Office of Sponsored Programs. HSU serves as the regional lead agency and administrator for the ten Small Business Development Centers in Northern California. Operation of the SBDC program is also supported by other local grants. This contract, expiring on December 31, 2011, will also include a half year amendment which includes new funding from the State. Humboldt State University intends to renew the SBDC’s operating contract and has sent a letter of intent. This contract is projected to be funded at a minimum of $140,000 of federal funding and a maximum of $86,253 from the State. A future amendment may occur depending on the status of the federal Jobs Bill funding proposal. Fiscal Impact: An increase of at least $226,253 in revenue and expenditures. Recommendation: It is recommended that the Governing Board accept the $226,253 grant from the Humboldt State University Sponsored Programs Foundation. It is further recommended that the Board authorize the Vice President of Administrative Services to execute and make all necessary arrangements in relation to this grant agreement and any future amendments on behalf of the college. Administrator Initiating Item: Rock Pfotenhauer, Dean, CEED Renée M. Kilmer, VP Instruction Academic and Professional Matter If yes, Faculty Senate Agreement Senate President Signature Yes No Yes No Final Disposition Approved