| 206 |
Budget |
| 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:
a. The unrestricted current fund expenditures and transfers
shall not exceed the unrestricted current fund revenues and
transfers.
b. The General Fund unrestricted operational reserve shall
have as a goal a maximum total sum not to exceed twenty (20)
percent and a minimum total sum of not less than ten (10)
percent of the annual General Fund budget. |
| 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. |
