BS702 - Annual Budget

Policy

Section: Business Services

The Board will direct publication of a budget, hold a public hearing and adopt an annual certified budget for the College. The budget will be set in accordance with the law, College priorities and sound business practices. The President will be given the authority to manage the budget during the fiscal year. In the event the College must amend the budget, the Board will direct publication of the amended budget, hold a public hearing and adopt the amended budget.

Legal Reference:
Iowa Code 260C.17, 24.3, 24.9, 24.17

Cross Reference:
Procedure BS5760 - Annual Budge Approval Process

Procedure BS5762 - Fiscal Year/Budget Year

Procedure BS5764 - Budgets for Grant/Contract Proposals

Procedure BS5766 - Annual Budget Preparation

Procedure BS5768 - Management of Expense Budgets

Adopted: June 17, 1986
Reviewed: 2005, 2010, 2020

Revised:
January 10, 2000

December 2019