A workgroup of chief business officers from a diverse array of districts met over several months to make recommendations on changes to the community college funding formula. The following report is the product of the workgroup?s deliberations and is submitted for the review of the CCCT and CEOCCC boards and the broader community college system. The workgroup recommends replacing the program-based funding distribution of funds to community college districts with a simpler, more equitable method. Each district would receive a basic allocation based on the number of colleges and centers, followed by an equalized rate for all credit and non-credit FTES. This provides equitable funding while recognizing the unique circumstances surrounding the creation of the different districts. While the scope of the report does not allow for the rehabilitation of every challenge facing California?s community colleges, it identifies an agenda for immediate changes that will deliver equitable access for students, meet identified state needs, and ensure that quality instruction and student services remain the highest priority of our colleges.