{"id":5184,"date":"2012-11-20T19:18:31","date_gmt":"2012-11-21T03:18:31","guid":{"rendered":"http:\/\/sjcctimes.com\/?p=5184"},"modified":"2012-11-27T14:32:22","modified_gmt":"2012-11-27T22:32:22","slug":"bookstore-worst-case-scenario","status":"publish","type":"post","link":"https:\/\/sjcctimes.com\/es\/5184\/news\/bookstore-worst-case-scenario\/","title":{"rendered":"Bookstore: Worst-case scenario"},"content":{"rendered":"

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In the face of more than $400,000 in losses, the bookstore has not only cut down hours of operation and reduced its staff, but the store has also been holding closed meetings discussing the overall fate of the store, in hopes of developing a contingency plan to divert the district from taking decisive action.<\/p>\n

The district is \u201ccurrently underway on solution strategies\u201d wrote Douglas Smith, Vice Chancellor of Administrative Services, \u201coperational loses resulted in a declining fund balance (which is anticipated) to be negative $347,335 on June 20, 2014.\u201d<\/p>\n

The options are limited.<\/p>\n

\u201cIt\u2019s either lease the store out to a private company or turn our operation around,\u201d said Eugene Heck, bookstore staff person.<\/p>\n

Considering the store\u2019s operational deficit, the district\u2019s option to privatize the bookstore is not affirmatively off the table.<\/p>\n

The campus bookstore has held its doors open through serious operational losses, but unless the store\u2019s balance sheet improves it is not operationally sound.<\/p>\n

Privatization of the bookstore would likely mean a higher markup on required text, such costs would be deferred to the students.<\/p>\n

Most of the store\u2019s losses were incurred by the store,\u00a0though not all.<\/p>\n

\u201cThey moved 200,000 from our budget and moved it to the general fund.\u201d Heck said.<\/p>\n

The funds were relocated during the month of accreditation, though no comment at this time has been made explaining why the funds were moved.<\/p>\n

SJCC\u2019s administration has little jurisdiction over the bookstore.<\/p>\n

\u201cThe college is not in charge of the college stores. This is a district function,\u201d wrote Greg Nelson,\u00a0 vice president of Administrative Services.<\/p>\n

With online competition and reduced hours, this issue is compounded. The bookstore plans to reduce cost \u201cdrastically\u201d though \u201cit\u2019s the publishers who set the prices\u2026\u201d on the books and \u201c\u2026somebody else sets the markup,\u201d Heck said. The bookstore staff still hopes to increase sales and in-store traffic.<\/p>\n

No estimates have been made regarding the cost increase students would pay if a private company, like Barnes and Noble, replaced the bookstore.<\/p>\n

Though the biggest expense is not in salaries, the store has lost a director, an assistant director and a clerk-cashier, the three salaries and benefits totaling \u201c$200,000 easy\u201d Heck said. Those positions are not filled. Gina Bonanno supervises both district stores.<\/p>\n

The reduction in force has not projected to make any real change in the downward trend.<\/p>\n

\u201cI understand that part of school is business, and whatever is the best move for the school business wise is, I think they should do it and incorporate student jobs as a part of the dealings,\u201d Associated Students\u2019 Director of Finance, Chris Woods said.<\/p>\n

There is a lot of push back against the privatization option. \u201cI think that\u2019s a poor solution. Best practice is to have the bookstore student owned and employee owned.\u201d SJCC instructor, Charles Heimler said.<\/p>\n

To contextualize this issue further, the deficit of the SJCC bookstore alone is more than 50% of what the district expected to gain from Proposition 30, which \u201cSJCC was in favor of,\u201d Nelson wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"

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