EL-4 Financial Planning/Forecasting

In This Section

Policy

Budgeting for any fiscal year shall follow the College Outcomes established by the Board, be fiscally responsible, and be realistic in projections of income and expenses. The budget will become effective after it is approved by the Board. Accordingly, the president shall:

  1. Propose a budget with information that includes:
    1. A projection of revenues and expenses;
    2. Separation of capital and operational items; and
    3. Disclosure of planning assumptions.
  2. Plan a conservative budget that meets the College’s annual goals and priorities and keeps planned expenditures within projected revenues and reserves.
  3. Put forward a budget with appropriate and thorough input.

History of Policy 

Draft: December 12, 2003
Adopted: April 15, 2004 
Revised: February 18, 2014