The Austin Community College District (ACC) Board of Trustees met for its regular meeting on Monday, December 1. Highlights include the fall financial report and refunding bonds.
Below are highlights from the meeting.
Board Election
The Board of Trustees unanimously elected its officers for the coming year. Sean Hassan, Place 4, will serve as chair, Dr. Manuel “Manny” Gonzalez, Place 5, will serve as vice chair, and Dana Walker, Place 1, will serve as secretary. All three officers are entering their second year in these roles.
Financial Report–Fall 2025 Semester
ACC Executive Vice Chancellor of Finance & Public Administration Neil Vickers presented the fall 2025 Financial Report. The College is projecting a $12.2 million surplus and a $44.7 million increase in net assets. Spring enrollment is up 13.5% over the budgeted growth of 10%, and salary expenses are under budget due to vacancies.
The report also includes details on all bank and investment balances, bond expenditures, and overall enrollment. Cash and investments total approximately $681.4 million, including $410.7 million in bond proceeds. Overall, the College is financially healthy and exceeding several budget expectations.
Refunding Bonds for Round Rock Campus
The Board of Trustees approved the Preliminary Official Statement and a resolution allowing the College to refinance older debt tied to the Round Rock Campus. This authorizes the ACC Public Facility Corporation to issue up to $60 million in refunding bonds and finalize related agreements, including a new lease with an option for ACC to purchase the facilities. By refinancing the existing 2015 bonds, the College expects to save over $3 million on future debt payments, supporting long-term financial stability.
A full recording of the Board meeting will be posted on the Board webpage at austincc.edu/board.