Thursday, February 12, 2015

College works with deficit amid positive 2015-16 budget news - Susan Winlow, Daily Republic

Budget concerns still plague Solano Community College in the form of a structural deficit but the proposed influx of money from the governor’s preliminary 2015-16 budget is a bright spot in the institution’s struggle toward a true balanced budget. Yulian Ligioso, the college’s vice president of finance, gave a short presentation this week to the college’s trustees, updating them about 2014-15 and giving them a preview of 2015-16. Thus far this academic year, more money has been spent than anticipated, pushing the deficit spending from $1.4 million to $1.9 million and leaving an end-of-the-year reserve sitting just slightly above the minimum desired 5 percent. It’s a decline from the 6.23 percent projected in the 2014-15 budget.

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