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Preparation and Submission <\/strong><\/p>\n \u00a0<\/strong>The approximate timeline for annual college budget planning is outlined below:<\/p>\n County Budget:<\/p>\n State Budget:<\/p>\n Institutional Budget:<\/p>\n The Board, through the Chief Financial Officer, shall submit its proposed budget to the State Board in the format established in N.C.G.S. \u00a7 115D-54(b) on such date as determined by the State Board. \u00a0The Board, through the Chief Financial Officer, shall also submit to the Burke County Commissioners for their approval that portion of the budget within the Commissioners\u2019 authority as established in N.C.G.S. \u00a7 115D-55(a).<\/p>\n Upon final approval by the State Board and Commissioners, the Board shall adopt its final budget. \u00a0In the event that the final budget has not been adopted by the new fiscal year beginning on July 1, the Board, pursuant to N.C.G.S. \u00a7 115D-57, hereby authorizes the President to pay salaries and the College\u2019s other ordinary operating expenses for the interval between the beginning of the new fiscal year and the adoption of the new budget.<\/p>\n <\/p>\n Budget Amendments and Budget Transfers<\/strong><\/p>\n \u00a0<\/strong>For budget transfers within fund sources, the Chief Financial Officer will make budget adjustments as needed to stay within budget or transfer to another program after consulting with the appropriate Vice President, Dean, or Director as needed.<\/p>\n Other budget adjustments may be needed for state allocations or special projects, or reversions. Institutional budgets may be adjusted for new grant or other funding opportunities.<\/p>\n The President, or designee, shall report state funded budget amendments to the Board at the next regular Board meeting.\u00a0 The Board hereby delegates to the President the authority to make inter-budget transfers as authorized in N.C.G.S. \u00a7 115D-58(c).<\/p>\n <\/p>\n Revised\/Updated:<\/p>\n <\/p>\n <\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":" Preparation and Submission \u00a0The approximate timeline for annual college budget planning is outlined below: County Budget: February: The County budget recommendation is prepared March: the County budget recommendation is presented to the Trustees for approval. Upon approval the County budget recommendation is presented to the Burke County Commissioners for consideration. June: […]<\/p>\n","protected":false},"author":29,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"footnotes":""},"class_list":["post-24546","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n
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