Purpose
To provide an organized method for the development of a fiscal plan of operation in which program needs are matched to available resources.  The one-year budget is derived from strategic budget assumptions, including projections of tuition and fees. This budget is presented as a balanced budget, with revenues equal to expenditures. 

1. Responsibilities Within the Budget Process
   1. Board of Directors – Approval of final budget
   2. President – Leads the budgeting effort
   3. Vice President of Academic Affairs – Coordinates the budgeting of the Instruction Departments     
   4. Vice President of Enrollment Management and Student Affairs – Coordinates budgeting of student services departments. 
   5. Vice President of Business Affairs – Coordinates the budgeting of all other College departments.  Prepares the final budgeting documents and forwards the budget to the Board of Directors for review and approval.
2. Process
   1. Review the college’s strategic plan and institutional priorities. Develop program goals, objectives, and priorities
   2. Project total revenues, staffing needs, and expenditures  that plan which provides guidelines for the departmental budget
   3. Departments develop their budgets
   4. Departmental Budgets are collated into a total budget
   5. Revision, if necessaryThe institutional budget is revised if necessary
   6. Final budget is prepared
   7. The budget is sSubmitted to the Board of Directors for review and approval or revision

History:

Adopted: Policy has been in place prior to Sept. 2003
Revised:  9/19/2025