Tag: finances

City College’s Finances Looking ‘Stable,’ According to Moody’s Investors Service

November 23, 2022 The Guardsman Moody’s, accreditation, default, ACCJC, credit rating, Brigitte Davila, Accrediting Commision for Community and Junior Colleges, Alan Wong, bonds, finances, Staff layoffs, Ann Marie Galvan, budget cuts, Cindy Chan, john rizzo, Moody’s investors service, aft 2121

The financial outlook rating from Moody’s is good news for City College’s upcoming accreditation assessment, according to trustees.

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City College Ups Financial Oversight with Monthly Budget Updates

March 10, 2021March 11, 2021 The Guardsman John al-Amin, Full-Time Caucus, board of trustees, David James, budget, finances, audits, academic senate, special investigation, Mark Rocha, Board Budget and Audit Committee, budget deficit, Alan Wong, Annette Mullaney

City College is on track to hit its $5.6 million budget deficit target for the current academic year, though 12 of 30 line items are trending above target spending, according to Vice Chancellor of Finance and Administration John al-Amin’s monthly budget update to the Board of Trustees on Feb. 25.