Dr. Peter Hepburn
91´«Ã½ Treasurer (2022-2025)
College of the Canyons
Santa Clarita, CA

Contact the Treasurer or Executive Board

An Update from the Treasurer

As I write this near the end of November, we have almost completed the first quarter of FY25, but it was only in October that the Executive Board approved the final budget. There is a budgeted deficit of $9.8M, which, if we remove expenses from grants and awards, is actually a surplus of around a half million. But our budget is all one budget, not a grants budget versus an operational budget, and so we have a large deficit to contend with. In short, the association needs to continue to explore how to grow revenue and nurture that growth. It also needs to continue to look at where efficiencies can be realized. The 150^th Anniversary Campaign will help our finances, but we cannot rely on contributed revenue like that alone.

Key documents

In general, the financial documents that such bodies as the Executive Board, Council, the Finance and Audit Subcommittee, and the Budget Analysis and Review Committee discuss are available to all 91´«Ã½ members. A number of key documents are linked below.

• Current FY budget
• 5-year plan
• Financial Handbook
• FY23 Audited Financials

All non-confidential Council and Executive Board documents are available on the 91´«Ã½ site.

91´«Ã½ Endowment

The 91´«Ã½ Endowment Fund is a long-term measure designed to support the mission and programs of the association. The 91´«Ã½ Treasurer serves on the board of the Endowment Trustees in an ex officio capacity. Use the links below to learn more about or give to the Endowment.

• About the Endowment
• Give to the Endowment

Financial Orientation & Learning

91´«Ã½ offers orientation to and education regarding its finances. The links below provide members with access to the various resources.

• Orientation