COFFERS SWELL WITH FUNDS AT COLLEGE DISTRICT.Byline: Greg Gittrich Daily News Staff Writer Benefiting from recent financial reforms, the Los Angeles Community College District The Los Angeles Community College District (LACCD) is the community college district serving Los Angeles, California and some of its neighboring cities. In addition to typical college aged students, the LACCD also serves adults of all ages. posted a $4.7 million increase in its unrestricted general fund from the previous financial quarter, officials said Wednesday. The added revenue completes a $27 million turnaround for the district, which was burdened by an $11 million deficit just a year ago. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the district Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. , the unrestricted general fund balance is now $16.3 million. The district also is expected to benefit from a projected $5.7 million increase in state revenue. Including the state funds, the project balance translates to about $233 per student. Presidents of the district's nine colleges can use the money to offer new courses and improve facilities in order to give students ``training to establish careers'' or the educational foundation required to transfer to a four-year college, said board President Elizabeth Garfield. Financial reforms imposed last year by the board decentralized de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. the fiscal operations of the district and created higher standards of accountability, resulting in a significantly improved financial rating for the district from the state. Garfield added that the board's ability to recruit Marshall Drummond Dr. Marshall (Mark) Drummond was the Chancellor of the California Community Colleges system from January 2004 through July of 2007. He left the system office to return to the Los Angeles Community College District as its chancellor, a post he previously held for six and a half to serve as its new chancellor and bring in Darroch ``Rocky'' Young as the new president of Pierce College In 2006 the Library won a national Excellence award. Academics Pierce College offers associate's degrees, mainly in the arts and sciences. There are also certificate programs in early childhood education, social services, dental hygienist, and others. demonstrates the district can attract top talent. ``We're embarking on a new era,'' Garfield said. |
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