Policy

In accordance with the North Carolina State Board of Community Colleges, the College’s fiscal year will be July 1 through June 30.

The President must maintain oversight and responsibility of the budget process and the College Budget. The Chief Financial Officer shall be responsible for the preparation of the College’s annual budget.  The President and Chief Financial Officer shall develop procedures for soliciting budget recommendations from the appropriate College administrators and stakeholders.  The Chief Financial Officer shall submit the proposed budget to the Board for approval.

The President or designee shall prepare and submit finance summary reports to the Board of Trustees (“Board”) and, if otherwise required, to the appropriate state and county agencies.

Adopted:                     February 2022

Legal Reference:    N.C.G.S. §§ 115D-54 through -58

 NCCCS Accounting Procedures Manual

Revised/Updated: