The 2021-22 Budget: Analysis of the Major University Proposals

Feb 1, 2021 - In the years following the Great Recession, the state provided one ‑time funding to help the universities address their maintenance backlogs. Figure  10 shows the amounts appropriated by the state each year from 2015 ‑ 16 t hrough 2020 ‑21.
https://lao.ca.gov/Publications/Report/4336

Update on Community College Reserves

Jan 27, 2021 - Since June 2020, the state ’s fiscal outlook, as well as the Proposition  98 outlook for school and community college funding, has improved. Developments over just the past couple of months also bode well for community colleges.
https://lao.ca.gov/Publications/Report/4323

The 2021-22 Budget: Overview of Proposition 98 Budget Proposals [Publication Details]

Jan 25, 2021 - This handout analyzes the overall architecture of the Governor's plan for school and community college funding, including major spending proposals and underlying estimates of the Proposition 98 minimum guarantee.
https://lao.ca.gov/Publications/Detail/4318

Second Round of Higher Education Federal Relief Funds

Jan 20, 2021 - Of this amount, $187  million is reserved for assistance to private K-12 schools. California has discretion to spend the remaining $154  million on emergency grants to elementary and secondary schools, higher education institutions, or other education-related entities.
https://lao.ca.gov/Publications/Report/4315

The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - When the state created the requirement for supplemental payments, it had anticipated a steep drop in the minimum guarantee that would affect school and community college funding for several years. The supplemental payments were intended to accelerate the recovery from this drop, with payments growing from $2.3  billion in 2021 ‑22 to more than $6  billion by 2024 ‑25.
https://lao.ca.gov/Publications/Report/4309

California Community Colleges—Managing Cash in a Time of State Payment Deferrals [Publication Details]

Dec 18, 2020 - California Community Colleges—Managing Cash in a Time of State Payment Deferrals [Publication Details] California Community Colleges—Managing Cash in a Time of State Payment Deferrals Format: HTML Description: To help address the state’s large budget deficit as estimated in June 2020, the 2020-21 budget package deferred a substantial amount of General Fund payments to schools and the California Community Colleges (CCC).
https://lao.ca.gov/Publications/Detail/4307

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - Proposition   98 c onstitutionally governs the minimum amount of funding provided to schools and community colleges each year. In June 2020, the state estimated that the Proposition   98 m inimum guarantee had dropped notably for both 2019 ‑20 and 2020 ‑ 21 r elative to assumptions it had made one year earlier (in June 2019), prior to the pandemic.
https://lao.ca.gov/Publications/Report/4307

An Analysis of University Cash Management Issues [Publication Details]

Nov 10, 2020 - Given these developments, monitoring the universities’ fiscal condition over the coming years will be especially important for the Legislature. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4293

An Analysis of University Cash Management Issues

Nov 10, 2020 - Campuses will repay the bonds from their operating budgets over ten years. For the first five years, UC will only make interest payments, thereby delaying the largest debt service costs to later years.
https://lao.ca.gov/Publications/Report/4293

An Analysis of University Reserves

Nov 10, 2020 - For example, it had seven months of total housing reserves (of which  one month was uncommitted) and 25 months of total parking reserves (of which  five months were uncommitted). At UC, total reserves adjusted for expenditures at the end of 2018-19 were similarly higher for medical centers and its other noncore programs than for its core operating fund.
https://lao.ca.gov/Publications/Report/4295