2400 Budget Stabilization Reserve

Policy Type: 
Finances

The College administration may reserve up to 3% of community college state aid revenue each year starting with the 1992 fiscal year for stabilizing future college budgets and for possible changes in state aid appropriations and payment patterns.

Adopted Date: 
Monday, February 20, 1995
Private: 
Public
Status: 
Board Approved
Rescinded Date: 
Monday, April 16, 2018
Rescinded Explanation: 
updated and combined with other policies