February 19, 2013 > Ohlone College Board of Trustees Meeting Report
Ohlone College Board of Trustees Meeting Report
Submitted By Frank Addiego
Ron Little, Vice President in charge of Administrative Services, presented the budget for the second quarter of the 2012/2013 fiscal year. Ohlone College will receive about $43.5 million in revenue.
Expenditures for this quarter will jump slightly from $43.27 million to a little over $44 million, meaning the college will dip into the collegeÕs existing $8.89 million fund. ÒWeÕre spending about 18% of our fund balance to get through this year,Ó said Little. The ending fund balance includes a $755,912 Òrainy day reserveÓ that grew to $1 million after Prop 30 passed.
The collegeÕs expenses include $19.1 million for faculty, both full-time and part-time, $7.6 million in benefits, and $4.8 million in operating expenses. Decreasing revenues forced a tentative cut in classes being offered before voters passed Proposition 30 last November.
ÒBecause Prop 30 was approved,Ó Little said at the bi-weekly meeting, Òabout 130 course sections were added back to our curriculum.Ó
Like many community colleges, Ohlone receives revenues not only from the state, but from investments, athletics and theater productions. ÒThe Smith Center [which houses the campusÕ theaters and amphitheatre] Revenues are a little down, but theyÕll pick up in the third and fourth quarter,Ó he predicted.
The Board, except for Trustee Jan Giovannini-Hill who was absent, approved the budget unanimously.
Meanwhile, funds from 2010Õs Measure G will be used in part to create a new parking structure. Ohlone will also adopt a project stabilization agreement for future projects including athletic fields and roof repair. The agreement was met with enthusiasm from members of the labor community. Byron Benton, training director for the Alameda County Electrical Joint Apprenticeship and Training Committee, himself an alumnus of the college, said, ÒI think what youÕre doing really strengthens our community.Ó