The district created a transition fund to help the impact of the new allocation formula, which will

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This year's budget is less than last year's, requiring more dependence on the school's reserved balance and more cuts to classes and supplies. The Los Angeles Community College District adopted a new allocation model, which affects car rental specials in germany ELAC in a negative way.
For ELAC, the total amount of money taken to be put in district reserve accounts was $25.2 million. Jeffrey Hernandez, academic senate car rental specials in germany vice president, car rental specials in germany said the district set up a general reserve fund.
ELAC had money in a college reserve account the district set up, where ELAC could tuck away money for a rainy day. This money is no longer considered money that ELAC set aside, but is now considered car rental specials in germany money the district set aside for a general reserve car rental specials in germany account.
The money in the general reserve account car rental specials in germany is to go untouched for the next year. On top of the district taking car rental specials in germany the college reserve money, the board of trustees increased the contingency fund, which is part of the operating budget and may be accessed throughout the year.
ELAC had money set aside and would dip into it as needed. "The only reason we have had the balance we have is because we've run a very tight ship for a longer period of time than all of the other colleges," said Hernandez.
The district created a transition fund to help the impact of the new allocation formula, which will shrink by one-third each year over the next few years. This year, ELAC will receive roughly $5 million.
"Next year, ELAC will see two-thirds of the $5 million. The year after, one-third. The year after that, none," said Hernandez. The district has allocated $71 million to ELAC under the new allocation model, which is about $10 million less than last year.
"Even if we didn't have the new allocation car rental specials in germany model, East L.A. College is in deep, deep trouble because of the state budget cut," Hernandez said, "and with the allocation model, for sure we're going to be the biggest deficit college in the district."
"If the tax initiative does not pass, there is going to be even more classes cut," Hernandez said.  "And even if it does pass, what we have planned for the spring is still a reduction from what we had last spring, because we're over the number of students the state gave us money for."
The money would be allocated to temporary tax revenues. Eighty-nine percent would go to K-12 schools and 11 percent to community colleges. "If Proposition 30 doesn't pass the cuts would be draconian," Herzek said.
Tags: Academic Senate , Campus News , East Los Angeles College car rental specials in germany , ELAC budget 2012-2013 , ELAC Campus News , Farley Herzek , Jeffrey car rental specials in germany Hernandez , LACCD 2012-2013 car rental specials in germany Budget Cuts , LACCD Board of Trustees , Megan Perry