Board of Trustees
The board of trustees discussed the establishment of budgets policy, emphasizing a continuous process managed by budget managers throughout the year. Budgets for the upcoming fiscal year are submitted to administration in August for consideration. The President requests budgets from department heads and district directors, showing the funds required for each major cost element. The college President consolidates these into a preliminary budget, reviewed and revised to align with anticipated funding from various sources. The BOT Finance Committee submits the proposed budget to the Board of Trustees by September 30th. The Board reviews, revises, and adopts the final budget by September 30th. Budgeted amounts are entered into accounting records, with monthly reports prepared and submitted. Vice Presidents, Department Heads, and directors are responsible for adhering to their approved budgets. Adjustments to budgets are allowed up to 10% of major budget items, with certain restrictions on re-budgeting salaries and fringe from PL-471 funds. Requisitions from the general fund require verification of sufficient funds, and overspending results in revision or cancellation.