District Fiscal Advisory Council (DFAC)
The DFAC provides a venue specifically for the consideration of Fiscal Services issues, such as budget development, facilities, total cost of ownership, revenue generation, resource prioritization and allocation of other fiscal issues. This effort is aligned with the goal of continued building of dissemination of information between Central Services and the Colleges. The DFAC is a governance body that provides recommendations to the Chancellor and works collaboratively with other participatory governance bodies. In the event consensus is not met, the Chancellor will be advised of differing viewpoints and will make the final determination.
During 2019-20 and 2020-21, DFAC developed and recommended elements of a comprehensive Pilot Resource Allocation Model (RAM) based on the new Student Centered Funding Formula. Key elements include Values for a RAM, Procedures for a RAM, and Procedures for Revenue Scenarios. The model allocates the budget to the two Colleges, Central Services, and Institutional Costs. The overall objective of the model is to maximize student success and to meet the goals of the Board of Trustees and the District as a whole. A DFAC Budget Calendar was implemented to track key dates and timelines of reports and budgets to be prepared. The DFAC reviews the calendar each year and makes adjustments as necessary. The DFAC continues to focus on finalizing the RAM and to update key elements of the RAM as necessary.
Please visit BoardDocs to view Agendas and Minutes
Budget Information
2023-2024 Final Budget - Approved by the Board of Trustees (09.13.23)
2023-2024 Tentative Budget - Approved by the Board of Trustees (06.14.23)
2022-23 Final Budget - Approved by the Board of Trustees (09.14.22)
2022-23 Tentative Budget - Approved by the Board of Trustees (06.08.22)
Resource Allocation Model (RAM)
2023-24 Final Resource Allocation Model
2022-23 Final Resource Allocation Model
2021-22 Final Resource Allocation Model
2020-21 Final Resource Allocation Model
Procedures for a Resource Allocation Model FINAL (updated 12.01.22)
Budget Calendar FINAL (updated 11.05.21)
Values for a Resource Allocation Model FINAL (updated 02.04.20)
Reserve/Carryover Budget Final
Background Information
Definitions of Reserves and Fund Balances DRAFT (updated 09.13.20)
Discussion of Carryovers (updated 09.13.20)
Reference Information
Presentation: Estimated Single College Revenue (updated 03.02.23)
Projected Revenue (updated 02.01.23)
