Friday, February 14, 2020

City College looks to real estate holdings to balance budget - MARY JANE JOHNSON, SF Examiner

In the midst of a growing budget crisis, City College of San Francisco leaders on Saturday discussed leveraging real estate to stabilize the budget without cutting additional classes. At a CCSF Board of Trustees meeting on Saturday, administrators and trustees reviewed plans to decrease a projected deficit of $11 million in the 2019-2020 budget. An independent audit of the college, presented to the board Jan. 23, found that reserve funds have dipped below 5%, violating state accreditation requirements.
https://www.sfexaminer.com/news/city-college-looks-to-real-estate-holdings-to-balance-budget/

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