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
College Policies
Board Policies
Governance Process
- GP-1 Policy Governance Commitment
- GP-2 Governing Style
- GP-3 Board Job Description
- GP-4 Board Chairperson's Role
- GP-5 Community College District No. 10 Bylaws
- GP-6 Board Code of Ethics
- GP-7 Naming of Facilities
- GP-8 Civility and Mutual Respect
- GP-9 Participatory Governance
Board Staff Relationships
- BSR-1 Order Delegating Authority
- BSR-2 President's Job Description
- BSR-3 Monitoring Presidential Performance
- BSR-4 Staff Reports to the Board
- BSR-5 Other Board Interactions
Executive Limitations
- EL-1 General Executive Constraint
- EL-2 Treatment of People
- EL-3 Compensation and Benefits
- EL-4 Financial Planning/Forecasting
- EL-5 Financial Condition
- EL-6 Asset Protection
- EL-7 Communication/Counsel to the Board
- EL-8 Emergency Executive Succession
- EL-9 Reserves
College Outcomes