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Response to a Financial Crisis: Case Study of CCAC 2003–2008

  • Stewart E. Sutin
Part of the International and Development Education book series (INTDE)

Abstract

The Community College of Allegheny County (CCAC) faced intermittent financial challenges on several occasions since its founding in the mid-1960s. Perhaps none were more serious than those in the fall of 2003. CCAC’s operating expenses were approximately $107 million in fiscal year 2002–2003, while serving full time equivalency headcount of an estimated 18,000 students in its degree and certificate programs (CCAC 2003). Its noncredit community education program was also substantial, and was attended by thousands of students. Local residents were served by a network of four campuses and several smaller centers in Allegheny County, the hub of which is Pittsburgh, and an additional center in Washington County. The following case study highlights CCAC’s financial challenges that became a source of special concern between 2003 and 2008, while summarizing a comprehensive three-year stabilization plan proposed by administration and approved by the board of trustees and the achievement of two successive administrations in successfully meeting financial challenges. The overall objectives of financial stabilization plan were to sustain the quality of education, maintain affordable tuition, and consistently balance the budget. CCAC’s leaders, faculty, staff, and board of trustees were made aware of the need to adopt an improved financial model.

Keywords

Financial Crisis Community College Operating Loss Cost Containment Financial Plan 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Community College of Allegheny Country (CCAC). 2003. CCAC: Financial Statements for the Years Ended 2002–2008 and Independent Auditors Reports. Pittsburgh: CCAC.Google Scholar
  2. CCAC. 2004a. CCAC: Financial Statements for the Years Ended 2002–2008 and Independent Auditors Reports. Pittsburgh: CCAC.Google Scholar
  3. CCAC. 2004b. “CCAC Special Report: CCAC Three Year Financial Plan 2004–07.” A report shared with the Board of Trustees of CCAC at its Monthly Meeting, February 19, 2004. Pittsburgh, PA: CCAC.Google Scholar
  4. CCAC. 2004c. “CCAC: Board Meeting Minutes. CCAC Board Meeting.” Held on February 19, 2004. Pittsburgh, PA: CCAC.Google Scholar
  5. CCAC. 2005. CCAC: Financial Statements for the Years Ended 2002–2008 and Independent Auditors Reports. Pittsburgh, PA: CCAC.Google Scholar
  6. CCAC. 2008. CCAC: Financial Statements for the Years Ended 2002–2008 and Independent Auditors Reports. Pittsburgh, PA: CCAC.Google Scholar

Copyright information

© Stewart E. Sutin, Daniel Derrico, Rosalind Latiner Raby, and Edward J. Valeau 2011

Authors and Affiliations

  • Stewart E. Sutin

There are no affiliations available

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