City College of San Francisco - California Competes

STANDARD III.D
I. Overview of the Standard III.D Report:
Financial Resources
The College makes significant ongoing efforts to ensure that spending is tied to the institution’s core
mission, as the analysis contained in the following subsections shows. The institution’s financial team,
led by the Vice Chancellor for Finance and Administration and the Chief Financial Officer, provides
realistic revenue estimates to the Chancellor to set the parameters for creating the annual operating
budget. Through the Shared Governance budget planning process, strategic decisions are made each year
to ensure that sufficient budgetary focus is placed on areas that directly and indirectly support student
learning. Great care is taken to make sure there is wide dissemination of information related to that
process. Cost center managers’ recommendations for resource allocation are tied directly to both the
Strategic and Annual Plans, and decisions on these recommendations are made in a Shared Governance
setting in consultation with the members of the College’s Planning and Budgeting Council. The results
of this process are then forwarded to the Board of Trustees for consideration and approval.
The College has sufficient cash flow and reserves to maintain stability. The institution practices effective
oversight of all of its finances and contracts. The College recognizes that a re-engineering review of all
major business processes is needed to ensure that both internal and external customer service are given
the attention they deserve. The institution considers its long-range financial priorities in making annual
financial plans. However, to ensure its long-term fiscal stability, the College needs to develop and
implement a comprehensive plan to match ongoing spending with ongoing revenue. In addition, the
institution needs to address the cost of retiree health benefits, which represents a significant financial
challenge for the future.
CITY COLLEGE OF SAN FRANCISCO
207