The college has the responsibility to prepare an annual budget of estimated revenue and expenditures in accordance with regulations, forms, and instructions of the State Board of Education (SBE) for approval by the District Board. The budget becomes final only when approved by the Commissioner of Education pursuant to the SBE Rules. Execution of the budget shall be in accordance with SBE Rules.
Persons delegated responsibility for budgetary expenditures (authorized signatures) shall have knowledge of all disbursements against accounts.
Encumbrances shall not exceed fund limitations and shall be within SBE Rules, District Board, and college purchasing policies. Supervision of budgets is mandatory.
Within budgetary limitations, the president is authorized to establish administrative, instructional, and career personnel positions and to establish procedures to fill such authorized positions.