The 2024-25 Budget: College of the Law, San Francisco

Mar 5, 2024 - As of  2021 ‑22, CLSF had built up its reserve to 5.5 months of operating expenditures. This  level  has  since declined to 4.2 months of operating expenditures as a result of CLSF using some reserves to offset increased ongoing operating costs in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4875

The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - The changes are intended to simplify the form by reducing the number of questions students and families need to answer and transferring data directly from their previous tax filings. After a one ‑year delay in the original launch date, the revised FAFSA is now in the midst of being implemented across the nation for the first time.
https://lao.ca.gov/Publications/Report/4865

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - Whereas unrestricted reserves totaled $1.8  billion (22  percent of expenditures) in 2018 ‑19, they grew to an estimated $3.1  billion (33  percent of expenditures) in 2022 ‑23. Both the Government Finance Officers Association and the Chancellor ’s Office ’s recommend that unrestricted reserves comprise a minimum of 16.7  percent (two months) of expenditures.
https://lao.ca.gov/Publications/Report/4853

The 2024-25 Budget: California State University

Feb 15, 2024 - As Figure  6 shows, CSU ’s uncommitted core reserves have generally increased over the past five years, reaching 1.1 months of expenditures in 2022 ‑23. Nonetheless, the reserve level remains below the system ’s target.
https://lao.ca.gov/Publications/Report/4842

The 2023-24 California Spending Plan: Higher Education

Oct 19, 2023 - Early Action Legislation Clarifies Tax Treatment of Certain Types of Financial Aid Awards. In a May early action budget decision, the state enacted Chapter  5 of 2023 (AB  111, Committee on Budget) related to how certain forms of financial aid are treated for state personal income tax purposes.
https://lao.ca.gov/Publications/Report/4809

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - Second, the Governor ’s budget includes $3  million one ‑time General Fund for the campus ’ Urban Alchemy program, with the funds available for expenditure over the next three years  (through 2025 ‑26).
https://lao.ca.gov/Publications/Report/4732

The 2023-24 Budget: California Student Aid Commission

Feb 23, 2023 - Based on CSAC ’s projections, demand likely is sufficient under the current program structure to fully spend grant funds by the expenditure deadline (and possibly sooner). Moreover, expanding the service requirement to include non ‑priority schools undermines the primary program objective of supporting schools facing the most acute teacher shortages.
https://lao.ca.gov/Publications/Report/4702

The 2023-24 Budget: California Community Colleges

Feb 22, 2023 - Apportionments for those students remain based entirely on enrollment. ( “Basic aid ” or “fully community ‑supported ” districts receive revenue from local property taxes and enrollment fees that exceed what they generate under SCFF, such that the SCFF calculation does not affect their apportionment funding.)
https://lao.ca.gov/Publications/Report/4695

The 2023-24 Budget: University of California

Feb 15, 2023 - According to UC, the Institute would be an independent research institute funded through a public ‑private partnership and classified for federal tax purposes as a California nonprofit public benefit corporation.
https://lao.ca.gov/Publications/Report/4684

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662