Administrative Regulation Title:  Budget Planning Timeline

Regulation Number:  2.15.2

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Month Action
August/September Prepare budget planning materials to department heads, program managers and budget managers.
September President and Vice President review strategic initiatives and assumptions. Prepare for retreat to review strategic plan and develop recommendations for consideration by the Board of Trustees.
September/October Review strategic initiatives and assumptions with the Board of Trustees at a retreat. The President and Vice Presidents work with the Trustees to develop a tentative set of planning and budget assumptions.
October Submit tentative set of planning and budget assumptions to department heads/program directors and budget managers.
November through February Department heads/program directors and budget managers develop budgets based on the College and departmental strategic plans.
February Department heads/program directors and budget managers submit their budget request form(s) to the appropriate Vice President. Direct reports to the President will submit their budget request form(s) directly to the President.
March The Vice Presidents and the President review requests, develop priorities based on the College and strategic priorities, and recommend budget priorities to the President.
April The President and Vice President for Administrative Services finalize Preliminary Budget based on Community College Budget Model and dollars to be allocated.

Distribute proposed Preliminary Budget college wide.
May Presentation and discussion of the Preliminary Budget with the Board of Trustees during a work session or retreat prior to the May board meeting.

Board of Trustees approve Preliminary Budget at the May board meeting.
June The Vice President for Administrative Services advertises public hearings in the District newspaper; previous FY Final Budget, renewal of mill levies, and new FY Budget.
July Presentation of the College Budget and final approval by the Board.

Submission of adopted Budget to Wyoming Community College Commission and Goshen County Clerk.

 

Original Adoption Date:  10/10/19

Revision Date(s):  

Date reviewed, no change: