207 - Financial Exigency

207 Financial Exigency

P-207.1 If it is necessary in the judgment of the College administration to reduce temporarily or permanently the number of College faculty and/ or staff because of financial exigency, such reductions shall be made according to guidelines applicable to the affected employees as specified in policy sections 500, 600 and 700. The administration shall consider appropriate alternatives, including consideration of reassignments, prior to making such reductions. Recommendation for such reductions shall be submitted to the Board of Trustees.
D-207.1.1 A financial exigency is defined as a situation when the general College financial resources may necessitate a reduction in College personnel.
Pr-207.1.1 It is the responsibility of the President of the College to determine whether a financial exigency exists and in such case, the situation will be reviewed with College personnel with opportunities for comment and discussion.

Content Owner: Donna Davis - ddavis@stchas.edu
Date Issued: 08/1993
Revision Dates: 02/2001

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