my first night of blogging
I would like candy
Notes on District academic senate items
A note from the SMCCD Academic Senate President for 101806
use the tool bar below to go to information that you are interested in.
2 or 3 weeks goes buy very quickly. We
are now past the halfway point of our semester and personally I’m still struggling
to get all the information that I need to put in my class going. Again, I’ll try and keep these communications
short. If you noticed I have a short
tool bar above. You can go directly to
topics if you wish.
In my last letter I talk about
how Jose Nunes was elevated to VC of Building Planning ect. This is an attempt by our district to better
spend our bond monies. It was thought
that by using our local expertise we can do a lot of the building oversight in
house rather than bidding it out to an outside contractor. This would give us more control, a better
idea of what is going on and hopefully save us a bit of monies that then can further
go into more buildings. This is the
reason you have seen a number of job announcements
for project coordinators and managers on our website. If it saves us money I’m all for it. We faculty typically grouse that we spend a
lot of money on contractors. So let’s
see if this works. It is also my
understanding that when the buildings are all finished and the bond monies have
all been spend that these positions will no longer be available.
As we all know borrowing money
now is at or near historical lows. Our
district has been authorized by our voting public to offer a number of bonds in
order to fund our buildings. Typically
when a bond is let out, that money has to be spend within 2 or 3 years. In this way buildings will be build instead
of the monies sitting in an interest bearing account. Well, it looks like the district can save money
in the long run by issuing all the debt that we can now, and putting those
monies into short term governmental bonds (this is legal according to a number
of opinions) In this way we lock onto
the historically low rate (just like if you have a variable rate on your
mortgage you are probably trying to lock into a long term loan). 15 years from now when we are paying off
these bonds we will congratulate ourselves on getting the monies while things
were still cheep. If you want to discuss
or see more of the specifics please call me.
Well it is a political
season and the board does make some recommendations on the various issues that
will be voted on this coming session.
Just like our board asks other boards and political people to support
our Bond measures, the board writes statements on their own. However, typically the board only deals with
issues that would directly affect our students.
Mateo Community College District Academic senate
Senate Governing Council
Shared Governance council