Article - Office of College Advancement

Ohlone trustees approve budget

By Web Bowers, MediaNews Staff.

Thursday, October 25, 2007—Reprinted from Inside Bay Area.

Fremont—Ohlone College's board of trustees has unanimously approved the school's nearly $45 million 2007-08 fiscal year budget.

Joanne Schultz, director of Ohlone business services, said final budget revenue for the 2007-08 year is expected to be $44,982,329. However, district expenditures are forecast at

$43,475,730, giving the college a surplus of $1,509,599.

Expected expenditures include $402,500 to fund salaries at the college's Newark campus. Operating expenses at the Newark campus are estimated at $138,000.

To obtain the $1.5 million surplus, the staff recommended salary savings of $400,000, benefit savings of

$259,500, supplies savings of $63,000, and operations savings of $200,000. In addition, utilities costs are expected to be reduced by $300,000, capital lease costs cut about $200,000, and capital planning by $100,000.

Had the budget cuts not been made, the district would have been $15,900 in the red.

"All the activity is in reserves," Schultz said. "We've added $200,000 to the 'rainy day fund' to make it $1 million."

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