Policies and Procedures Manual

Board Policies

Budgeting for any fiscal year shall not deviate materially from the College Outcomes established by the Board, risk fiscal jeopardy, or be unrealistic in projections of income and expenses. The budget will become effective after it is approved by the Board. Accordingly, the president may not do the following:

1. Propose a budget without information to enable:



1. Credible projection of revenues and expenses;


2. Separation of capital and operational items; and


3. Disclosure of planning assumptions.


2. Plan the expenditure in a fiscal year of more funds than are conservatively projected to be received during that year plus any carryover funds from previous years and/or accumulated reserve.
    
   
3. Propose a budget that fails to include funding to meet the College’s annual goals and priorities.
    


4. Propose a budget without appropriate input.