for less data and more meaning. Chair Smith added that the Board provides the direction of to go” and less work and more meaning will result measurements become aligned “where “as with accreditation.” REPORT: BUDGET PROCESS & PLANNING: Ms. Holly Woodmansee, Special Assistant to the President for Budget and Internal Control distributed and provided an overview of a spreadsheet entitled Shoreline Community College Ms. Woodmansee noted that revenue was Budget Status Report As of June 30, 2010: Final. – almost 3% more than anticipated while expenditures were spent by 1%.” Overall, the “under 2009 2010 FY ended with a positive of $1,537,501. – In relation to revenue items, the Trustees inquired about what the College was doing in order to get more control of the local revenue line, whether the Parent-Child Center was for “paying itself” and whether the Bookstore was running a deficit or surplus. Ms. Woodmansee and Vice President for Administrative Services Daryl Campbell noted that: The closure of the Continuing Education Program and the Cosmetology Program had an impact on the local revenue line. The Parent-Child Center did not generate the revenue anticipated for the 2009 2010 FY – due to the decrease in demand for childcare but reduced its spending to balance against the loss of enrollment. The Bookstore is “balanced.” In response to a question from Trustee Barrett Institutional Support expenditures related to bank charges, Mr. Stuart Trippel, Acting Director Financial Services confirmed that the – charges related to deposits and other banking activity fees as well as to credit or debit card discounts. He added that when interest rates are low, net charges are higher. Trustees Barrett and Olstad inquired if bank charges could be contained in a separate line item. Vice President Campbell shared with the Board, a slide presentation that the Senior Executive Team prepared for its Budget Update presentation during Opening Week. The Administration already reduced the College’s budget by $1.6 million for FY 2010 2011 and based on recent – reports related to revenue projections and state mandated reductions of 6.3%, the College will need to reduce its current year operating budget by $1.363 million. Vice President Campbell noted that the Senior Executive Team has begun to meet and confer with the President in looking at possibilities of where the reduction figure can be met: Lapsed salaries Shifting current positions to money “soft” Shifting current non-personnel expenditures to money “soft” Contingency funds
for less data and more meaning. Chair Smith added that the Board provides the direction of “where to go” and less work and more meaning will result “as measurements become aligned with accreditation.” REPORT: BUDGET PROCESS & PLANNING: Ms. Holly Woodmansee, Special Assistant to the President for Budget and Internal Control distributed and provided an overview of a spreadsheet entitled Shoreline Community College Budget Status Report – As of June 30, 2010: Final. Ms. Woodmansee noted that revenue was almost 3% more than anticipated while expenditures were “under spent by 1%.” Overall, the 2009 – 2010 FY ended with a positive of $1,537,501. In relation to revenue items, the Trustees inquired about what the College was doing in order to get more control of the local revenue line, whether the Parent-Child Center was “paying for itself” and whether the Bookstore was running a deficit or surplus. Ms. Woodmansee and Vice President for Administrative Services Daryl Campbell noted that: The closure of the Continuing Education Program and the Cosmetology Program had an impact on the local revenue line. The Parent-Child Center did not generate the revenue anticipated for the 2009 – 2010 FY due to the decrease in demand for childcare but reduced its spending to balance against the loss of enrollment. The Bookstore is “balanced.” In response to a question from Trustee Barrett Institutional Support expenditures related to bank charges, Mr. Stuart Trippel, Acting Director – Financial Services confirmed that the charges related to deposits and other banking activity fees as well as to credit or debit card discounts. He added that when interest rates are low, net charges are higher. Trustees Barrett and Olstad inquired if bank charges could be contained in a separate line item. Vice President Campbell shared with the Board, a slide presentation that the Senior Executive Team prepared for its Budget Update presentation during Opening Week. The Administration already reduced the College’s budget by $1.6 million for FY 2010 – 2011 and based on recent reports related to revenue projections and state mandated reductions of 6.3%, the College will need to reduce its current year operating budget by $1.363 million. Vice President Campbell noted that the Senior Executive Team has begun to meet and confer with the President in looking at possibilities of where the reduction figure can be met: Lapsed salaries Shifting current positions to “soft” money Shifting current non-personnel expenditures to “soft” money Contingency funds
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