College Council – Budget Development Subcommittee Charter
Revised Draft – 11.22.17; Updated per GSC Meeting 05.26.2021
Subcommittee Purpose:
Support the annual budget development process through representative engagement, and provide balanced budget recommendations to College Council.
Scope of Work:
The Budget Development Subcommittee is responsible for supporting the annual budget development process by: engaging stakeholders and fostering dialogue; reviewing and approving budget assumptions, balancing levers and balancing proposals; providing balanced budget recommendations to College Council, and evaluating and recommending changes to the annual budget process. The subcommittee strives to reach a consensus balanced budget.
The Budget Development Subcommittee shall:
- Recommend to College Council assumptions and considerations for annual budget development
- Evaluate and recommend changes to the annual budget development process
- Provide opportunities for college-wide dialogue and forums on budget and finance issues*
- Receive, propose, review and discuss budget allocation recommendations to include revenues, investments, and expense reductions
- Present balanced budget recommendations to College Council in alignment with the Board of Education and legal budget development timeline.
- Develop and evaluate college-wide budget/financial policies
- Develop the college's strategies and long-range fiscal plan in support of the strategic plan
Membership:
- Controller - 1
- Vice President of Academic Affairs or designee - 1
- Vice President for Finance and Operations or designee - 1
- Classified - 2
- Faculty - 2
- Managers – 2, with at least one being an instructional manager
- Students – 2
- Director of Budget and Resource Planning – 1 (ex-officio non-voting member)
Operating Ground Rules:
- No member has a veto of suggestions and initiatives to be considered
- Recommendations will move to college council with majority consensus
- Minority reports if any will accompany recommendations to college council