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Budget Policy

Business Office > General Information > Budget Policy

The Board of Trustees authorizes the College’s Vice President for Business and Finance to coordinate the development and management of operating and capital budgets, consistent with the strategic and financial plan for the college. The Board authorizes the College to disburse monies received in the Loan Fund, endowment Fund, and Agency Fund (refer to Appendix B for definitions) in accordance with the purposes of those funds.

Although an annual budget document relating to those funds is not required, results will be reflected in the annual audited financial statement. The Board’s Finance, Investment, and Audit Committee shall review the College’s administration of this policy to ensure compliance.

Policy Statement for the Development, Authorization, and Revision Of the Operating and Capital Budget.