Budget

  • Policy Type: Business Management 
  • Policy Title: Budget
  • Policy Number: NA
  • Office Responsible: Business Services
  • Related Policies: N/A
  • Related Procedures: N/A
  • Related Laws: N/A
  • HLC Criterion: N/A

Policy Statement

In order to ensure that Oakland Community College provides appropriate and effective stewardship of College funds through integrated planning and budget management, the College will annually present a budget and a four-year forecast for the Operating and Capital Funds to the Board of Trustees for consideration and approval. Once the budget is formally adopted it serves as a parameter for expenditures and a tool to monitor institutional performance based upon established strategic priorities that are focused on achieving Board Ends.

On a quarterly basis, the Board of Trustees will be provided with financial reports for the Operating and Capital Funds. These reports will provide the annual budget as compared to year-to-date and prior year to-date actual revenues and expenses.

The budget may be revised after adoption by a majority vote of the Board of Trustees.

Change Log

  • 09-20-1973  Revised 
  • 07-26-1990  Revised 
  • 07-01-2018  Effective date (formerly 3.2.2, 3.2.3 and 3.2.4)

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