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Budgets, Contracts, & By-Laws

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City College of San Francisco, through the Bookstore Auxiliary, operates the college's bookstores under an agreement with the Follett Higher Education Group (FHEG).  Below is a link to that agreement.

Bookstore Agreement with FHEG

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The San Francisco Community College District Bookstore Auxiliary operates all the distrcit bookstores.  It does so under the authority granted to it by the District in 1995.  There are two documents relevant to that authority.

1. The Master Agreement which set up the Auxiliary and permits it to operate

2. The set of By-Laws which describe how the Auxiliary operates, including the make up of the board of directors.

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Periodic Financial Information

1. OPEB Reports: The bookstore carries an obligation (OPEB LIability) to fund the pension and health care of qualified retired former employees.  Every few years a report is required to tell the auxiliary the future cost of that liability.  

2.  2015-2016 Auxiliary Budget Each year the Auxiliary prepares an operating budget.  The budget for the upcomming fiscal year (academic year) is normally approved by the board in May. 

3.  Investment Policy.  This describes the policy and procedures for investing bookstore funds.  A fund balance is needed to in order to fund various obligations as are described in the policy statement.  Each year the Auxiliary Board reviews the investments and this policy during the budget process.

4.  IRS Report (I-990): The Auxiliary is required to file a report of activities with the IRS that describes services and the financial activities during the fiscal year.  The report is due November 15, however, an automatic extension can be granted for 90 days.  The report for FY 2014 was filed on February 7, 2015.  That report is available to the general public on several web sites and is shown here.  The 2015 report was filed on October 20, 2015 and has not yet been published by the IRS.  Previous annual reports are also available at several web sites including: http://foundationcenter.org/findfunders/990finder/