News from Department of Finance

California Budget

Through a year-long process, the Department of Finance prepares, explains and administers California's annual financial plan, the California Budget. The Governor submits the Governor's Budget to the Legislature in January, it is revised in May, and the fiscal year begins July 1. The Budget is available on the California Budget Website, and archives of Budget-related documents are available in the Historical Documents section of this site.

For more information regarding the Governor’s Budget, click here.

Higher Education 2009-10 (Proposed)

Higher Education provides the adult population with basic and career skills, postsecondary, graduate and doctoral instruction, and research to develop the workforce, intellectual capital, and innovations necessary to promote the economy and well being of the state's citizenry. The specific missions for each of the three publicly funded higher education systems, including the California Community Colleges, the California State University, and the University of California, are addressed in those segments' mission statements. The Student Aid Commission ensures financial assistance for needy students.

AGENCY'S PORTION OF THE BUDGET (State Funds)

The following chart represents the Agency's portion of the 2009-10 Budget. These totals do not include federal funds, certain non-governmental cost funds, or reimbursements.

DEPARTMENTS

The following table reflects positions and expenditures for each department in this agency area. State funds reflect total General Fund, special funds, and selected bond funds. Total funds include state funds, federal funds, other non-governmental cost funds, and reimbursements.

Code	Department	Proposed 2009-10*
Code	Department	Positions	Total State Funds	Total All Funds
6420	Postsecondary Education Commission	20.8	$2,018	$11,055
6440	University of California	85,701.8	3,304,441	20,748,822
6445	Institute for Regenerative Medicine	42.8	189,380	189,380
6600	Hastings College of the Law	250.2	10,470	61,072
6610	California State University	46,069.4	3,014,703	7,311,483
6870	Board of Governors of Community Colleges	153.5	4,989,953	7,447,894
6874	General Obligation Bonds-Hi Ed-CC	0	271,598	271,598
6878	Retirement Costs-Hi Ed-CC	0	95,524	95,524
7980	Student Aid Commission	146	730,659	2,483,627
7996	General Obligation Bonds-Hi Ed	0	481,372	481,372
7997	Higher Education Consolidation Savings	0	-2,000	-2,000
Totals, Positions and Expenditures		132,384.5	$13,088,118	$39,099,827

PRINTABLE BUDGET DOCUMENTS
The following identifies budget documents for this state agency that are available in a printable (pdf) format.

Entire Education Budget (pdf * - 1805K) in pdf format.
This document provides a printable format (pdf) of all budget information for this state agency including, where applicable, the Fund Condition Statements and the Detail of Appropriations and Adjustments.