regular meeting of the board of trustees date - College of the Desert

DESERT COMMUNITY COLLEGE DISTRICT AGENDA ITEM
BOARD OF TRUSTEES
Date of Meeting November 18, 2004 Division Administrative Services
TOPIC RESOLUTION FOR EXPENDITURE OF EXCESS FUNDS
PROPOSAL
Communication No. 5
That the Board of Trustees approve the Resolution for the Expenditure of Excess Funds.
BACKGROUND
The Resolution is the process used for making additions to the budget and financial transactions for the
District. In order to properly account for the receipt of additional funds or transfer of funds from one account
to another, we are required to keep the Board informed as well as receive Board approval for the receipt and
budgeting of those funds. This agenda item covers the following:
Education
850 – Developmental Education – 29,370. The grant award from the California Department of Education
provides additional funds over the original adopted budget.
Child Development Center
722 – Child Development Training Consortium - $1,216. This is the increased amount of the contract.
Center for Training and Development
965 – Contract Education - $6,850. The increased revenue/expense is for additional classes/attendance in
the offered programs.
969 – Energy Technology Training Center - $3,494.13 This represents Phase I and it will be for the delivery
of and inventory of ITS curriculum and training information.
BUDGET IMPLICATION
Restricted General Fund
Income: $ 40,930 Expenditures:
Classified Salaries 531
Employee Benefits 119
Supplies 25,686
Contractual Services 13,594
Other Outgo 1,000
40,930