New State Report Shows City College Of San Francisco Near Bankruptcy
SAN FRANCISCO (KCBS) – A report released Tuesday night is shedding more light on the state of City College of San Francisco, finding that it is dangerously close to insolvency.
The review found that the campus has twice as many faculty as similarly-sized schools. Not only that, but that faculty is better paid, yet the school doesn't educate any more students than the average community college.
The report by the state's Fiscal Crisis & Management Assistance Team also found that enrollment has gone down since 2005, yet hiring has grown.
KCBS' Holly Quan Reports:
Other findings: the school allows part-time faculty to receive full benefits and gives workers 23 paid holidays in addition to their vacations. The state's review also found that the college never made the kinds of budget cuts necessary to survive in an age of dwindling state support.
Retiring Community College Chancellor Jack Scott was on KCBS In Depth this past Sunday and said the school can only survive financially if it changes its ways.
"I will tell you that last year, they spent $4.9 million more than they took in. You can't continue that," Scott said. "I think now, the Board of Trustees is facing up to the reality that cuts have to be made."
The report comes as the school is also fighting to retain its accreditation, something that could be pulled in June, forcing the 86,000 student campus to close.
City College has until March 15 to demonstrate sufficient changes to keep its accreditation.
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