Huge reserves well above lines set by Governing Board—College awash in money
The College reported at its December, 2015 meeting that it now has in its Educational & General and Auxiliary Fund Reserve $16 million. This is $11 more than is required by the Governing Board. (The following chart was produced by the College.)
The College also reported that it had $9 million in reserves in its Plant Fund Reserve account. As of November 30, 2015, Plant Fund reserves exceed the Governing Board’s designated reserve amount by $7,760,000.
