The Austin Community College Board of Trustees adopted this policy on June 3, 1996.

II-2. COLLEGE BUDGET

The President shall, prior to the end of June each year, develop and submit to the Board and for public review in written form a proposed annual budget which:

1. Provides adequate support for the educational programs of the College, based on efficient operation of both direct and support services.
2. Distributes resources primarily on objective criteria based on student enrollment and program needs.
3. Provides a justification or plan for correction of any substantial disparities in the resources supplied to serve students in similar programs at different campuses.
4. Budgets revenues and expenses based on actual expected performance.
5. Budgets expected overall current-funds expenses plus mandatory transfers of less than expected current-funds revenues.
6. Is consistent with a multi-year master plan developed in compliance with policy I-70 on Master Planning.
7. Provides a recent history and a three-year plan for tuition/fee levels, enrollment, overall revenues and expenses, debt service, plant-fund expenditures, and fund-balance levels, with a description of planning assumptions and material changes.

When deemed appropriate by the administration, capital items in an annual budget may be purchased during the period after budget approval but prior to the start of the fiscal year.

The President shall inform the Board whenever the actual performance of the College differs materially from the approved budget, and shall propose corrective budget amendments if projected performance falls short of the budget target for current-funds surplus by more than $500,000.

The content of this page is the responsibility of Carol Nasworthy, ACC Board of Trustees Chair. It was last updated on October 1, 1996.