Ohio Administrative Code
Title 3357:15 - Stark State College
Chapter 3357:15-3 - Compensation and Benefits
Section 3357:15-3-04 - Budgeting and forecasting
Universal Citation: OH Admin Code 3357:15-3-04
Current through all regulations passed and filed through March 18, 2024
(A) Budgeting for any fiscal year or the remaining part of any fiscal year shall not deviate materially from board "Ends" priorities, risk fiscal jeopardy, or be unrealistic in projections of income and expenses. No budget will become effective until approved by the board.
(B) Accordingly, the president may not:
(1)
Propose a budget without information to enable accurate
projection of revenues and expenses, separation of capital and operational
items, cash flow, and disclosure of planning assumptions.
(2)
Plan the
expenditure in any fiscal year of more funds than are conservatively projected
to be received during that year.
(3)
Propose a budget
which does not provide the annual operating funds for board prerogatives, such
as costs of fiscal audit, board development and training, and board
professional fees.
(4)
Propose a budget which does not have a broad base of
input.
(5)
Propose a budget which fails to take into account Board
"Ends" priorities.
(6)
Propose a budget which fails to include adequate
amounts for plant and facilities maintenance, instructional equipment, new
program and course development, staff development, and institutional
research.
Replaces: 3357:15-3 -04
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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