Deep Doo-doo - Joey Peters, SF Reporter

SFCC Interim President Randy Grissom explains how the college was suddenly in a $5 million budget shortfall and needed to make changes as soon as possible. Grissom largely blames the administration of his predecessor, Ana “Cha” Guzmán, for causing the shortfall. He says that the budget she presented in April 2013 “overestimated revenues and underestimated expenses.” In particular, the school saw more people taking advantage of a retirement incentive plan than expected. Guzmán’s team projected the cost at $600,000, but it came in at more than $1 million. He also says the college did too many small capital and building replacement projects. He then laid out the details of a yearlong “financial stability plan” to get the college back on its feet, which includes laying off 2.5 percent of the college’s full-time workers, raising tuition by next spring and cutting employee salaries at varying levels. The Governing Board soon approved a framework for the plan. http://www.sfreporter.com/santafe/article-9050-deep-doo-doo.html