Policies & Procedures
极速6合's institutional planning is an in-depth, College-wide process that results in
the
College's Strategic Master Plan鈥攁 plan that is ongoing, transparent, and evidence
based:
- Affirms values, vision and mission (Core Themes)
- Creates work plans that achieve goals and objectives strategically now and, in the
future
- Allocates resources
- Provides measures of progress and results
The strategic plan is linked to each level of the organization with ongoing evaluations
of
alignment to and relevance of:
- Institutional level: vision, mission, values, core themes
- Unit Level: purpose statements
- Employees: position descriptions
To achieve the strategic direction:
Objectives, work plans, and indicators of achievement are developed at each level.
Resources are identified, prioritized, and allocated:
- Budget
- Facility and space
- Technology
- Human Resources (personnel, professional development)
The budget for the fiscal year is developed to include the approved budget resource
requests.
- Budget resource requests originate within departments and are processed through
the directors and vice presidents for submission to the budget committee. - The Budget Committee reviews and prioritizes submitted budget resource
requests and makes recommendations to the President鈥檚 Executive Team. - Prioritized requests are reviewed and evaluated by the President鈥檚 Executive
Team. The final decision on approval of budget requests is contingent on
legislative funding, other 极速6合 resources and alignment with 极速6合 initiatives. - The Budget Committee updates the departments on the status of their requests.
This procedure applies to self-supporting funds, institutional unrestricted and institutional reserves. The objectives of this procedure are as follows:
1. Ensure that adequate reserves are maintained for college financial activities.
2. Provide for process that records and reports fund balance and reserves activity.
Process
- The Budget Office will monitor all reserve funds and make appropriate entries to maintain
reserves in accordance with this policy. Use of any of the following reserves and
contingency funds must be approved by the President.
- Self-supporting accounts. The Budget Office reviews all self-supporting accounts monthly to ensure adequate
cash flow and operation contingencies. This review also ensures self-supporting
student fee account balances do not exceed one year of revenue.
- Institutional Unrestricted. This fund can be utilized for unexpected expenses and college initiatives.
- Institutional Reserves. The college will maintain operating reserves of at least 10% of the operating budgeted
revenues. This fund will be utilized after all other sources have been exhausted for
unexpected expenses and college initiatives.
- The Budget Office prepares a monthly report listing the self-supporting accounts and includes institutional reserves. The CFO discusses this report monthly with the President.
Contact Us
Budget Office
Bristlecone Building, Room 168
2201 West College Parkway, Carson City, NV 89703
775-445-4231