JALC looks to FY18 budget with a sigh of relief, despite cuts from previous years - BARB EIDLIN, The Southern

Fast forward to now, and the college will see its beginning balance increase from approximately $4.2 million to about $8.8 million. Provided that the college receives all its allocated funding, when classes start on Aug. 16, it will open its doors with a small buffer with which to begin planning for the FY19 budget. “We have an administrative procedure that says our goal is three to six months operating expenses. If all the funding for FY18 flows the way we anticipate it, and the spending goes the way we budgeted it, we will end the FY18 just across that threshold with three months’ worth of operating expenses,” McCormick said. http://thesouthern.com/news/local/education/jalc-looks-to-fy-budget-with-a-sigh-of-relief/article_d4e7d22e-ddfa-5351-bffe-70d1b3c53a75.html