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As we navigate a challenging financial landscape, we remain committed to keeping our community informed and engaged. This website offers a transparent view of PCC’s Fiscal Sustainability Action Plan, where you’ll find a detailed breakdown of the strategies we are implementing, the data guiding our decisions, and our dedication to upholding PCC’s mission and values.
The Fiscal Sustainability Action Plan is a living document. PCC is committed to maintaining a strong fiscal foundation to support our students, staff, and community well into the future. Projections indicate that, without intervention, our ending fund balance will be severely depleted over the next decade. However, by taking thoughtful and proactive action now, we can safeguard our financial health. Our approach emphasizes ongoing adjustments to balance expenses and revenues. By closely monitoring our financial performance, we will take timely actions to optimize revenues, reduce expenses, and boost enrollment this fiscal year and throughout the upcoming biennium budget cycle.
These actions aim to build a stable ending fund balance of 12%-18%, providing the financial stability needed to help mitigate broad staff and service reductions in the future. Achieving this goal will require continuous oversight and thoughtful adjustments over the next six years, ensuring that we meet fiscal challenges while protecting the stability and success of our community.
Contents
- How Budgeting Works at PCC
- Current Budget Situation and Outlook
- Guiding Principles
- Strategic Focus Areas
- Implementation Phases
- How We’re Analyzing Impact
- Timeline and Key Dates
- Frequently Asked Questions (FAQs)