AGENDA ITEM BACKGROUND TO: GOVERNING BOARD DATE FROM: PRESIDENT June 13, 2011 SUBJECT: Acceptance of additional funding - SBDC Contract with Humboldt State University REASON FOR BOARD CONSIDERATION ENCLOSURE(S) Page 1 of 1 ITEM NUMBER ACTION A.6 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 was originally approved in March in the amount of $226,253. The SBDC has been notified of an additional funding augmentation in the amount of $57,013. Humboldt State University is issuing an amended contract, as follows: State funding, ending June 30, 2011 $87,720 Federal base funding, ending December 31, 2011 $140,000 Federal Jobs Bill funding, ending December 31, 2011 - $55,546 A future amendment may occur depending on the status of the federal funding proposal. Fiscal Impact: An increase of at least $57,013 in revenue and expenditures. Recommendation: It is recommended that the Governing Board accept the additional $57,013 grant augmentation 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 Accepted