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Compton Community College District approves 2018-2019 budget

The 2018-2019 Final Budget includes Cost of Living Adjustment of 2.71percent, filling 11 faculty positions, three classified positions, and four management positions. Courtesy Compton College Compton Community College District budget goal is 5,980 Full-Time Equivalent Students

The 2018-2019 Final Budget includes Cost of Living Adjustment of 2.71percent, filling 11 faculty positions, three classified positions, and four management positions. Courtesy Compton College

Compton Community College District budget goal is 5,980 Full-Time Equivalent Students

COMPTON The Compton Community College District Board of Trustees approved the 2018-2019 final budget at its regular meeting on Sept. 11, 2018. The budget is based upon 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 1,522-course sections to meet this goal.

Courtesy Compton College

The 2018-2019 CCCD Final Budget includes the following assumptions: Cost of Living Adjustment (COLA) of 2.71percent; filling 11 faculty positions, three classified positions, and four management positions; future funding for the Compton College Enterprise Resource Planning system cost of $2,550,000; future funding for the Fire Academy program at Compton College in the amount of $350,000; and the future cost associated with the Compton District Personnel Commission in the amount of $200,000.

The Final Budget also includes the following expenses to address the CCCD’s long-term liabilities: Other Post-Employment Benefits (OPEB) payment of $750,000; California Public Entity Pension Stabilization Fund State Teachers’ Retirement (STRS)/Public Employees’ Retirement (PERS) fund payment of $700,000 to address future STRS/PERS obligations; and a line of credit repayment of $1,181,841.

The proposed Budget maintains a reserve above the minimum 10 percent level as required by Compton Community College District Board Policy 6200. In anticipation of future expenses, a reserve is included to protect against shortfalls and unexpected one-time expenditures.

“The Compton Community College District is fiscally sound as evidenced by the 2016-2017 Financial Audit Report, the Compton District has reported no audit findings for four consecutive years through the implementation of internal controls, policies, and procedures,” said Nicole J. Jones, Board of Trustees president.

 

 

 

 

 

 

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