Feb 21, 2024  
DMACC Policies and Procedures 
    
DMACC Policies and Procedures
Add to Portfolio (opens a new window)

BS5762 - Fiscal Year/Budget Year


Procedure

Section: BUSINESS SERVICES PROCEDURES

SubSection: BUSINESS OFFICE

Master List Section: Business Service

  1. Institutional Regulations

    The Business Office shall maintain the College’s accounting records on a fiscal year basis ending each June 30th.
     
  2. Procedure
    1. All accounting, budget data, year-end closing activities and reports shall be maintained on the fiscal year basis.
    2. Specially funded projects, which overlap fiscal years, will initially be established with a budget for the entire funding period. At the end of the fiscal year, unexpended budget balances will be reestablished as the budget for the project in the next fiscal year. This will allow the budget balance reports to reflect the actual budget balance remaining of the total funds authorized for the project.


Adopted: July 1, 2000
Reviewed: November 2007



Add to Portfolio (opens a new window)