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College District approves budget

Dr. Deborah LeBlanc, president, Compton Community College District Board of Trustees. Photo courtesy Compton College Compton Community College District Trustee Board approves 2019-20 budget COMPTON — The Compton Community College District (CCCD) Board of Trustees approved the

Dr. Deborah LeBlanc, president, Compton Community College District Board of Trustees. Photo courtesy Compton College

Compton Community College District Trustee Board approves 2019-20 budget

COMPTON — The Compton Community College District (CCCD) Board of Trustees approved the 2019-20 Final Budget at its regular meeting, Sept. 10, 2019

The 2019-2020 CCCD budget is based on the information currently available from the California Community Colleges Chancellor’s Office and was developed to achieve a goal of 5,980 Full-Time Equivalent Students (FTES). Compton College will offer 1,335 course sections to meet this FTES goal.

“We are focused on ensuring Compton College remains fiscally solvent,”  said Dr. Deborah LeBlanc, CCCD Board of Trustees president.

The Final Budget includes a Cost of Living Adjustment (COLA) of 3.26 percent; filling 17 faculty positions, four classified positions, and three management positions; future funding for the Compton College Enterprise Resource Planning system cost of $2,500,000; future funding for the Compton College Fire Academy of $350,000; and the future cost associated with the Compton District Personnel Commission of $300,000.

Finally, the Budget includes the following expenses to address Compton District’s long-term liabilities: Other Post-Employment Benefits (OPEB) payment of $1,250,000; California Public Entity Pension Stabilization Fund State Teachers’ Retirement (STRS)/Public Employees’ Retirement (PERS) fund payment of $1,000,000 to address future STRS/PERS obligations; and the line of credit repayment of $1,181,841.

The proposed 2019-2020 Compton District Final Budget maintains a reserve above the minimum 10 percent level as required by Compton Community College District Board Policy 6200.

The 2019-2020 Final Budget may be viewed at: http://www.compton.edu/district/district_budget/docs/CCCD-Final-Budget_2019-2020.pdf.

 

 

 

 

 

 

 

 

Compton Herald is a digital news publication providing clear, fair and current news, information and commentary about Compton, the Los Angeles metropolitan area, Los Angeles County, California, and the world.

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