City College of San Francisco’s finances are in peril, and in order to maintain fiscal solvency the college must make a number of changes to employee contracts and the way the budget is planned, among dozens of other recommendations. According to a report released Tuesday by the Financial Crisis Management and Assistance Team, there are numerous flaws in the way CCSF handles its finances, including a cost structure that cannot be sustained. “CCSF is in a perilous financial position,” the report stated. “It can afford neither errors in its budget assumptions or accounting treatments nor additional unbudgeted expenses.”
http://www.sfexaminer.com/local/education/2012/09/ccsf-finances-said-be-unsustainable
