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Audit approved to examine large reserve balances held by California community colleges
Summary
The committee approved an audit request to analyze why many community college districts hold unrestricted reserves well above recommended levels and whether that practice affects investment in instruction and student supports; the auditor will examine selected districts and Calbright College.
Senator Bob Archuleta asked the Joint Legislative Audit Committee to approve a statewide audit examining substantial unrestricted reserve balances at California Community Colleges. The committee approved that audit request.
The request directs the state auditor to select five representative community college districts (by size and geography) and Calbright College for a review of reserve trends, the rationale districts use to accumulate higher-than-recommended unrestricted fund balances, and the effect, if any, of those balances on student services and instruction.
Why it matters: Supporters, including faculty union representatives, said that while prudent reserves are necessary for fiscal stability, reserves across the system have…
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