Budget
- Policy Type: Business Management
- Policy Title: Budget
- Policy Number: NA
- Office Responsible: Business Services
- Related Policies: N/A
- Related Procedures: N/A
- Related Laws: N/A
- HLC Criterion: N/A
Policy Statement
In order to ensure that Oakland Community College provides appropriate and effective stewardship of College funds through integrated planning and budget management, the College will annually present a budget and a four-year forecast for the Operating and Capital Funds to the Board of Trustees for consideration and approval. Once the budget is formally adopted it serves as a parameter for expenditures and a tool to monitor institutional performance based upon established strategic priorities that are focused on achieving Board Ends.
On a quarterly basis, the Board of Trustees will be provided with financial reports for the Operating and Capital Funds. These reports will provide the annual budget as compared to year-to-date and prior year to-date actual revenues and expenses.
The budget may be revised after adoption by a majority vote of the Board of Trustees.
Change Log
- 09-20-1973 Revised
- 07-26-1990 Revised
- 07-01-2018 Effective date (formerly 3.2.2, 3.2.3 and 3.2.4)
