The College Planning Council held an emergency meeting on Sept. 9 to discuss a budget correction from the 2023-2024 school year.

While closing out the 2023-2024 fiscal school year, $3.9 million of additional revenue was found that was not initially accounted for, Brian Fahnestock, assistant superintendent-vice president of business services said. Of that figure, $1 million came from a non restricted lottery, which comes from the state of California, and is based on City College’s amount of full time equivalent students (FTES).

Out of the remaining $2.9 million, $1.3 million came from interest revenue, $1.2 million came from non resident tuition, and the rest came from “miscellaneous” other areas. Part of this miscalculation was from not accounting for students who pay for summer and fall classes at the same time, and the other portion was from not closing the 2023-2024 fiscal year sooner, Fahnestock explained.

The 2023-2024 deficit has now moved from $2.2 million to $600,000, and the 2024-2025 deficit from $8.9 million to $7.4 million. 

“This is not an increase in budget, just a decrease in deficit,” Fahnestock said. 

These funds will not make any difference on campus besides giving City College more room to figure out how to handle this budget deficit and what the next steps are. 

“The reality is, we just have more time to plan,” Kimberly Monda, past president of Academic Senate said.