Ending Fund Balance

It seems that Lane Community College has spent the entire PERS reserve, the entire stabilization fund, plus all the cash in the General Fund. It's going to need another $4 MM just to get the EFB up to policy, let alone restore the vanished reserves. It has also burned through so much cash that they are $10 MM below their target for working capital and will probably be down $13 MM by the end of the year. I used to think the college only used funny numbers when they were trying to limit their offerings in Florence, but now it looks like they do very odd budgeting for the whole shebang.