Campus officials warned on Jan. 31 that the school may be short of the enrollment count to qualify for all the $6.7 million Proposition 30 money.
Proposition 30, the ballot measure that was passed in the November election, requires the college to have about 19,900 full time equivalent students (FTES) within the 2012-2013 academic year, according to Senior Vice President Assistant and Superintendent of Business & College Services Bob Miller. The school is approximately 1,200 students short of making that number.
â€œWe were able because of our calendar situation, to quickly load back additional classes for the spring,â€ said Miller at the Budget Resource and Allocation Standing Committee Meeting on Jan. 31. â€œBecause we have kind of a dual summer session opportunity before June 30, we have a shot at actually getting back our 1,200 to1,250 FTES.â€
According to Miller, the school is aiming to spend most of the expected money on additional spring and summer sections, assuming all the expected funds are received.
â€œWe are still waiting on the numbers from the Chancellorâ€™s Office,â€ said Miller. â€œWe donâ€™t have any real numbers yet to hang our hat on.â€
The school still believes that it will get the necessary time to recover.
â€œThe Board of Governors can reward districts that were able to â€˜respond to the workloadâ€™ and provide money plus additional growth money,â€ said Miller. â€œOr they can say [that] what they [were] asked to do was unreasonable [and] can extend that opportunity to 2013-2014 so we can recover.â€
The school is currently holding on to its safety net in the form of the general reserves.
According to Maria Descalzo, interim executive director of fiscal services, the school has about $18 million in reserve trying to increase to $25 million.
Because of last yearâ€™s school budget cuts the college had to dip into unrestricted general fund in June to cover payroll until more money came in, according to Descalzo
â€œOne big advantage of having a fund balance was during the tight cash problem that we had was that we were able to use [those funds] for daily needs,â€ said Descalzo.