Attain Financial Security

We must hire a clear-eyed chancellor and elevate the professionals not the politicians.

BEN KAPLAN

FROM SCHOLARSHIP STUDENT TO BEST-SELLING AUTHOR

ABOUT Ben

I’m a Harvard-trained economist and my calculator is ready.Both the Government Finance Officers Association and the Chancellor’s Office’s recommend that unrestricted reserves comprise a ‍minimum of 16.7 percent (two months) of expenditures‍ – equivalent to two months of the annual unrestricted operating budget.‍

Let’s ensure annual balanced budgets and ample financial reserves.

I’m a Harvard-trained economist and my calculator is ready.Both the Government Finance Officers Association and the Chancellor’s Office’s recommend that unrestricted reserves comprise a ‍minimum of 16.7 percent (two months) of expenditures‍ – equivalent to two months of the annual unrestricted operating budget.‍

City College Has Historically Achieved Last Place

Among the 73 community college districts in California in terms of historical reserves were meeting the standard set by the Chancellor’s Office to have unrestricted reserves equivalent to at least 5 percent of their annual unrestricted expenditures.

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Unrestricted reserves ranged from 5.3 percent of annual expenditures at the San Francisco Community College District (CCD) to 58 percent at the Kern CCD, with a median unrestricted reserve of 23 percent. Figure 2 shows the distribution of districts’ unrestricted reserves as a percentage of annual expenditures as of June 30, 2020.

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