|P-206.1||Budgeting procedures will be carried out in accordance with the laws of the state and instructions from the Missouri Coordinating Board for Higher Education.|
|P-206.2||St. Charles Community College will operate on an annual budget from
July 1 through June 30. The budget will be prepared annually by College administration and submitted to the Board of Trustees for approval.
The Board of Trustees will review the status of the budget periodically during the year. Any amendments to the budget will be approved by the Board.
|P-206.3||The annual operating budget shall be prepared according to the following guidelines for the operating reserves:
|P-206.4||The President of the College shall report to the Board of Trustees, faculty and staff, at least three times each year on the financial condition of the College.|
|Pr-206.4.1||At a minimum, the three report dates shall be the July, October, and April Board meetings.|
|P-206.5||Any significant and unexpected negative change in financial conditions will be reported by the President immediately (within five days) to the Board of Trustees, faculty and staff.|
Content Owner: Donna Davis - firstname.lastname@example.org
Page Updated by:
Date Issued: 8/93
Date Revised: 2/01