FAIRFIELD-SUISUN, CALIFORNIA

Education

Solano College OKs tentative deficit budget

By From page A12 | June 20, 2013

FAIRFIELD — The Solano Community College governing board approved a tentative $47 million deficit general fund budget for 2013-14 with a public hearing and adoption of the permanent budget tentatively set for Sept. 4.

In a recap of the previous governing board study session, Yulian Ligioso, the vice president of finance, reviewed the upcoming revenues and expenditures and continued to caution the board to move carefully despite the fact that the state budget sees a stability not recognized in about a decade.

Much of it is due to the passage of Proposition 30, he said, which gave education a much-needed financial boost for the next seven years. Ligioso cautioned that risks remain.

“Proposition 30 is just a temporary increase,” he said. “Seven years from now this state will be losing that (money) and it will affect us.”

While 2012-13 will end with a $1.7 million net increase in the fund balance, the tentative budget for 2013-14 was approved with just shy of a $1.1 million decrease in the fund balance, leaving a 7.19 percent reserve. The reserve is lower than projected this fiscal year but still above the mandated minimum.

Of concern as well to Ligioso was the 2012-13 decline in full-time equivalent students – or FTES, which is a per-student funding source for the college. Ligioso called FTES the “lifeblood of the college” and part of the current budget is based on a projected enrollment of 8,500 students, up from just over 7,000.

Ligioso called the 8,500 number “conservative.”

Reach Susan Winlow at 427-6955 or [email protected] Follow her on Twitter at www.twitter.com/swinlowdr.

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Please read our Terms of Service and Privacy Policy before commenting.

  • Recent Articles

  • Enter your email address to subscribe and receive notifications of new posts by email.

  • Special Publications »

    Use of this site constitutes acceptance of our Terms of Service (updated 4/30/2015) and Privacy Policy (updated 4/7/2015).
    Copyright (c) 2015 McNaughton Newspapers, Inc., a family-owned local media company that proudly publishes the Daily Republic, Mountain Democrat, Davis Enterprise, Village Life and other community-driven publications.