Policy

The president shall maintain minimum reserves as follows:

  • 10% of annual operating budget expenditures
  • 50 % of gross annual Running Start revenue
  • 50% of gross annual International Student Programs revenue

Any proposed use of reserves will be included in the annual budgeting process (see EL-4).

Proposed use of reserves outside of the annual budget process will be brought to the Board of Trustees for their specific approval.

History of Policy 

Draft: December 12, 2003, February 16, 2004
Adopted: April 15, 2004 
Revised: March 20, 2014, September 15, 2016