Community College and Budgets

Typically on this site, when we’ve talked about budgets, we have done so in regard to how a college student should handle their finances.  Frankly speaking, we probably should spend more time talking about how a college should be doing a better job at handling their own budgets.  Over the past few years we have seen ever increasing enrollment as well as strained budgets because of not only that enrollment, but also because community college faculty and administration have spent money that they frankly didn’t have.  Community College of San Francisco needed in essence a bailout to even stay open this year, which is tragic given that it has been around more than 100 years and has never had any fianncial issues before.  Of course, they never bought real estate in the financial district of San Francisco either-so the question is of course, how does a college make financial mistakes of that size?