Message from the President
We are proud to celebrate a decade of strong partnership with the South Lake Tahoe
community. Your support through Measure F has transformed LTCC, exceeding our original
vision.
Through strategic stewardship, LTCC leveraged the community’s Measure F investment of approximately $55 million into more than $125 million in campus improvements, combining state, federal, and philanthropic sources. Recent funding secured for the Tahoe Basin Public Safety Training Complex, including $8.6 million from the state and $5.7 million from Measure F, demonstrates this success, laying the groundwork for the region’s first comprehensive public safety training facility for fire, forestry, and emergency medical services.
Campus modernization projects, including the Remodel for Efficiency Project, substantial ADA improvements, and enhanced recreational facilities, reflect LTCC’s dedication to accessibility, student success, and community wellness.
Collaborative partnerships continue to benefit our community, including the Lisa Maloff University Center and the Early Learning Center which provides a permanent home for early childhood education. Additionally, our 100-bed student housing project, opening in fall 2025, addresses critical housing needs and supports student achievement.
The success of these initiatives reflects your enduring trust and commitment. As Measure F projects near completion, we sincerely thank you and look forward to our continued partnership.
Thank you for believing in Lake Tahoe Community College.
— Jeff DeFranco, Superintendent/President
About the Bond
After decades of heavy use by students and the community, Lake Tahoe Community College’s facilities had deteriorated significantly. Electrical, lighting, heating, ventilation, safety and security systems campus-wide were badly in need of replacement, repair, or modernization. Outdated classrooms, labs, and technology were limiting instructional quality, learning, job training, and career advancement.
Thanks to South Lake Tahoe’s voters, LTCC successfully passed a $55 million bond measure in November 2014 to address these critical issues. Called Measure F, the bond is allowing the college to upgrade and modernize its technology, make necessary repairs to aging facilities and systems, and to improve educational programs and students’ learning environment. Bonds were issued in 2015, 2018 and 2021 totaling $48 million. Future bond sales will result in the final $7 million.
By approving Measure F, voters authorized funding so LTCC can provide the high-quality education our students need and the job market demands.
On-Campus Student Housing
Lake Tahoe Community College’s first-ever on-campus student housing is on track to open in Fall 2025. Driven by Measure F planning efforts, which led to feasibility and demand studies and secured a successful $39.3 million state grant, this modern residence hall will provide affordable housing for 100 full-time, income-qualifying students.
The facility features fully furnished single and double-occupancy rooms, each sharing a convenient ensuite bathroom. Students will enjoy individual kitchenettes, ideal for quick meals and snacks, spacious lounges, quiet study areas, and access to a fully equipped communal kitchen, creating a comfortable and vibrant community living experience.
Construction is progressing steadily. Exterior work is nearly complete, with roofing and siding completed and windows installed last summer. Current efforts focus on interior details, including furniture selection and securing a food vendor to serve future residents. Exterior work and landscaping are set for completion this summer. We can’t wait to welcome students as we transfer into a residential campus.
Public Safety Training Center
Thanks to Measure F funding and an $8.6 million state grant, the Tahoe Basin’s first-ever Public Safety Training Complex (PSTC) is moving forward. This state-of-the-art facility marks a milestone in enhancing emergency preparedness and workforce training for fire, forestry, emergency medical services, and wilderness search and rescue professionals.
Designed to serve LTCC students and local first responders, the PSTC will provide hands-on, high-quality training right in South Lake Tahoe.
The facility includes a 100,000-square-foot outdoor training area for simulated fire and rescue scenarios, an advanced training tower for vertical rescue and fire suppression exercises, and a robust water delivery system for fire safety training.
The PSTC represents a significant investment in the region’s safety and economic resilience. LTCC’s decade-long vision, supported by Measure F, state, federal, and philanthropic partners, is now becoming a reality. Construction is anticipated to start in May 2026, and full operation is projected in 2027.
Financial Overview
Measure F Revenue
- Series A (2015): $19M
- Series B (2018): $15M
- Series C (2021): $14M
- Future Issuance: $7M
- Interest & Other Revenue: $2,641,861
Total Measure F Expenses
- 2014–2023: $43,313,301
- 2023–24: $4,486,370
- Current Fund Balance: $2,842,190
2023–24 Financial Summary
| Category | Amount |
|---|---|
| Interest & Other Revenue | $129,561 |
| Capital Outlay Expenses | $4,271,759 |
| Services & Operating Costs (Legal, audit, planning) |
$12,892 |
| Salaries & Benefits (Bond project roles only) |
$201,719 |
| Total Expenditures | $4,486,370 |
Independent Auditor’s Report
The Measure F Bond Program undergoes annual financial and performance audits conducted
by Cossolias, Wilson, Dominguez, and Leavitt Certified Public Accountants.
No financial statement findings, performance audit findings, or questioned costs were identified for the fiscal year ending June 30, 2024.
Message from the Citizens’ Oversight Committee
Mission Accomplished! Another successful year, and Lake Tahoe Community College (LTCC) continues to impress the dedicated members of the committee overseeing Measure F Bond expenditures. As we near the completion of Measure F, the Remodel for Efficiency (RFE) project is now finished, and the student housing project is on track to open this fall. One final bond issuance remains, which will leverage State funds to build the Tahoe Basin Public Safety Training Complex, with construction beginning in May 2026.
As detailed in our report, LTCC has not only managed bond funds responsibly but also secured matching funds that exceeded expectations. On behalf of the Citizens’ Oversight Committee (COC), we confirm that the District remains in full compliance with Article XIIIA, Section 1(b)(3) of the California Constitution. We support the financial information and progress updates presented through annual third-party audits and this report, which we trust you will find both informative and thorough.
On behalf of the entire COC, I extend our sincere congratulations to the District and heartfelt thanks to the community for your continued support—and for a job well done.
— Julia Ward, COC Chair
Citizens’ Oversight Committee
- Kathi Jensen – At-large Representative
- Peg Kortes – Senior Citizen & Retired LTCC Faculty
- Barry Thompson – At-large Member
- Julia Ward – Business Organization Representative & COC Chair
- Angel Velazquez – LTCC Student
- Hellen Barclay – Foundation/College Supporter
- Vacancy: Taxpayers or Business Organization Representative
- Learn more about the COC →
LTCC Board of Trustees
- Dr. Karen Borges – Trustee
- Jeff Cowen – Trustee
- Nancy Dalton – Board President
- Kerry David – Board Clerk
- Tony Sears – Trustee
- Dorian Guzman – Student Trustee
LTCC Bond Management Team
- Jeff DeFranco – Superintendent President
- Russi Egan – Vice President of Administrative Services
- Roy Benge – Project Manager, Cumming Group