Budget Management

Policy Number
BP 6250
Policy Category
Chapter 6 - Business and Fiscal Affairs
Adopted
Last Reviewed

The budget shall be managed in accordance with Oregon state and local budget law.  Budget revisions shall be made only in accordance with these policies and as provided by law.

Revenues accruing to Lane Community College in excess of amounts budgeted shall be added to Lane Community College’s reserve for contingencies.  They are available for appropriation only upon a resolution of the Board of Education that sets forth the need according to major budget classifications in accordance with applicable law.

Board Policies are adopted by the Lane Community College Board of Education and establish the College’s governing principles and institutional direction. These policies are reviewed by the Board at least every five years or more often as needed. Board Policies are distinct from College Operating Policies and Procedures (COPPS), which provide operational guidance and are developed through governance processes and by responsible managers.