> Home > Shared_governance > Committees > Financial > Minutes_view

Financial Information Subcommittee

Print View Financial Information Subcommittee Minutes
Hartnell College - 411 Central Avenue, CAB-112, Salinas, CA
March 15, 2012 at 3:00PM
I.Chair(s)

Al Muñoz
Joanne Trevino
II.Attendee(s)

Ann Wright, HCFA
Michele Scheuermann, ASHC
Melissa Stave, Senate
III.Guest(s)

DJ Javier
IV.Supporter(s)

Laura Warren
V.Adjournment

5:11 p.m.

Agenda #1

Topic:January Financial Statements
Presenter:Al Muñoz
Summary of Agenda Item:Al provided an overview of the financial statements; discussion transpired with regard to same. Al explained that the District is on target with expenses and concern is related to revenue. Ann brought up that it is her belief the District has a reserve to work with; Al\'s response was the District is trying to keep from using reserve funds.

Discussion followed regarding methods by which the District obtains its revenue.
Action(s) required:None required.
Responsibilites:n/a
Deadline(s):n/a

Agenda #2

Topic:Department Program Review
Presenter:Suzanne Flannigan
Summary of Agenda Item:Suzanne provided handouts to the committee and reviewed in detail the process and flow of program review and the importance of making the college aware that the process is moving forward. Suzanne further stated that, in the future, RAC and/or FIS may receive one spreadsheet encompassing the priorities gleaned from the final version of program review.
Action(s) required:None.
Responsibilites:n/a
Deadline(s):n/a

Agenda #3

Topic:50% Update
Presenter:Al Muñoz
Summary of Agenda Item:The original exemption request was in the amount of $347,000 of which $15,000 was disallowed.
Action(s) required:None.
Responsibilites:n/a
Deadline(s):n/a

Agenda #4

Topic:Budget 2012-13
Presenter:Al Muñoz
Summary of Agenda Item:The 2012-13 budget will be approximately $4.5 million less than what was budgeted for 2012-12.
Action(s) required:None.
Responsibilites:n/a
Deadline(s):n/a

Agenda #5

Topic:Current Year Budget Adjustments
Presenter:Al Muñoz
Summary of Agenda Item:Al provided an overview of the budget adjustments. Discussion followed.
Action(s) required:No action taken
Responsibilites:n/a
Deadline(s):n/a

Agenda #6

Topic:PERS Rate Increase
Presenter:Al Muñoz
Summary of Agenda Item:The employer's portion of the PERS retirement contribution will increase from the current 10.93% to 12.1%. The cost to the District will be approximately $80,000 and does not assist with the 50%.
Action(s) required:None.
Responsibilites:n/a
Deadline(s):n/a

Agenda #7

Topic:
Presenter:
Summary of Agenda Item:
Action(s) required:
Responsibilites:
Deadline(s):