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Victor Valley Community College District 2011-2012 Budget Workshop September 13, 2011

Victor Valley Community College District 2011-2012 Budget Workshop September 13, 2011. Agenda. California Budget Workload Allocation to VVC 2011/12 Budget Assumptions 2011/12 Adopted Budget. California Budget. $2.7 million reduction in apportionment 598 FTES workload reduction

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Victor Valley Community College District 2011-2012 Budget Workshop September 13, 2011

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  1. Victor Valley Community College District2011-2012 Budget WorkshopSeptember 13, 2011

  2. Agenda • California Budget • Workload Allocation to VVC • 2011/12 Budget Assumptions • 2011/12 Adopted Budget

  3. California Budget $2.7 million reduction in apportionment 598 FTES workload reduction Possible mid-year cut: Up to $1 million reduction in apportionment Up to 220 additional FTES workload reduction Increase in student fees from $36 to $46 per unit/summer 2012

  4. Long-Term Reserves Current Balance: $23,126,674 Legal Opinion from Carol Greene – Deputy County Counsel July 15, 2011 I have reviewed the document, that I could read, I agree with the opinion issued by Stradling, Yocca et al, that based upon the representations that the proceeds were properly placed in the account that it appears that the funds can be used for general fund purposes. However, I would caution that there are some restrictions in the GIC funding agreement with regard to the District’s ability to receive the money, so you need to make sure any amounts that you are budgeting are actually available under the funding agreement with GIC.

  5. Discussion

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