G-6. CASH RESERVES

Austin Community College annual budgets shall seek to maintain, throughout each fiscal year, unrestricted and unallocated cash levels of at least 8% of budgeted total annual expenses plus total accounts payable.  If unrestricted cash falls below this level, the President shall present a corrective plan to the Board of Trustees that will fully correct the shortfall within one year.

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The Austin Community College Board of Trustees adopted this policy on February 2, 1976, reaffirmed it on January 11, 1988, and amended it on May 5, 1997, April 1, 2002, and May 3, 2004.

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