Where we foster excellence in education that challenges students of every background to develop their intellect, character, and abilities; to assist students in achieving their educational and career goals; and to be responsive to the greater community.
Coordinate and integrate college budget and facilities plans and establish budget priorities consistent with the college's vision and mission statements. An annual review of the Tentative and Adopted Budgets will be completed for consistency with annual institutional goals and objectives, college plans, and the planning and budget philosophy. The committee will also formulate plans to move the College towards continuous improvement in building appearances, including classrooms, offices, service areas, common areas, parking lots and grounds, in addition to new facility development and construction. Recommended plans and action will be presented to the Integrated Consultation Council.
The committee was established March 11, 1998. Bylaws, amended March 11, 2026.
The college will maintain programs and services which support student success and the attainment of student educational goals.
Financial resources are sufficient to support student learning programs and services and to improve institutional effectiveness. The distribution of resources supports the development, maintenance, and enhancement of programs and services. The institution plans and manages its financial affairs with integrity and in a manner that ensures financial stability. The level of financial resources provides a reasonable expectation of both short-term and long-term financial solvency. Financial resources planning is integrated with institutional planning.
2nd Wednesday of the month, 2:30 p.m. (Fall and Spring semesters)
Budget Principles, Guidelines and Priorities, revised 9/3/14
Fund Balance Policy, adopted 3/13/13
Resolution 15732, Board Reserves Requirement, adopted 6/19/13
Recommendation on strategy to increase reserve to 16.6%: M/S/C Lau/Garcia to recommend that at the end of each fiscal year, if a favorable variance exists between budget and actual, this amount will be designated to be part of the reserve. Any use of the available reserve for current operations will have to be approved by the Board of Trustees. Adopted 1/29/14
Recommendation regarding funding plan for OPEB liability: M/S/C Thale/Cantwell to recommend that if a favorable variance exists at the close of a fiscal year (between budget and actual) that this amount be allocated 70% to the reserve and 30% to a fund designated for the OPEB liability within the reserve. Any use of the available reserve for current operations requires approval by the Board of Trustees. Furthermore, if determined to be financially feasible by the administration and the board, the 30% shall be transferred to an irrevocable trust fund for the OPEB liability. Adopted 3/26/14