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Budget Process Flow Chart

The Board of Trustees develops strategic goals at the last meeting of the fiscal year. The Finance Committee then sets budget targets and initiative fund amounts. Councils/entities receive the targets and develop initial budgets, which staff uses to create a draft budget from April to May 1st. Councils/entities submit initiative fund requests from May to 30 days after the annual meeting. The Finance Committee, councils/entities, and committees then review and discuss the overall budget from August to November. Finally, the Board of Trustees reviews and approves the budget at their last meeting of the fiscal year.

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389 views

Budget Process Flow Chart

The Board of Trustees develops strategic goals at the last meeting of the fiscal year. The Finance Committee then sets budget targets and initiative fund amounts. Councils/entities receive the targets and develop initial budgets, which staff uses to create a draft budget from April to May 1st. Councils/entities submit initiative fund requests from May to 30 days after the annual meeting. The Finance Committee, councils/entities, and committees then review and discuss the overall budget from August to November. Finally, the Board of Trustees reviews and approves the budget at their last meeting of the fiscal year.

Uploaded by

kkworld2
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Budget Process Flow Chart

(Part 1)

Board of Trustees
Develop Strategic
Goals
Last Meeting of Fiscal
Year

Finance Committee   Councils/Entities

Budget Process Flow Chart


(Part 2)

Finance Committee
Staff Set Budget Tragets Councils/Entities
Set Initiative Fund Amount

April

Council Staff Board of Trustees


s/ Councils/Entities
Receive Targets Develop Initial Budget
Receive Initiative Fund
April - May 1 Recommendation

Councils/Entities Committees
Develop Request Budget
Output to Initiative Fund May - 30 days after Annual Meeting
Process

  Members
Finace Committee
Councils/Entities Review/Discuss/Recommend Overall Budget
August - November

 
Board of Trustees

  Review/Approve Budget
Review/Establish Strategic Goals

Last Board Meeting of Fiscal Year

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