At Board Operate Session On $11M Underspend
Factual Summary of Findings and Forward Strategy
The Board of Directors concluded its recent Operations Session with a comprehensive review of the Q3 financial results, focusing specifically on an identified $11 million operational budget underspend across various departments. The tone of the session was professional, factual, and forward-looking, centered on ensuring the strategic, efficient deployment of capital moving into the final quarter and the next fiscal year.
The primary goal of the article is to provide internal stakeholders with a clear, objective understanding of the reasons behind the surplus and the immediate actions approved by the Board to address it.
Understanding the $11M Underspend
The $11 million variance represents budgeted funds that were not utilized as originally forecast. The CFO’s office presented a detailed analysis, attributing the underspend to three primary, distinct areas:
- Delayed Capital Expenditure (CapEx) ($4.5M): The largest portion of the underspend is linked to a major, pre-approved
This is an advanced teacher certification program for those who currently have general education teacher certification or CEAS in Content Area who want to get special education certification (Teacher of Students with Disabilities) and a master’s degree. The only constructive notes I can make are: 1) I was capable to teach complete-time although earning my credential, and 2) The Alameda campus and instructors were FAR improved than these at Pittsburg Adult Education Center, so there were some educators who cared enough to pass on good teaching solutions to future teachers.