D-200 Annual Budget

The President/District Director or designee shall present a budget to the District Board each year. The schedule for the presentation and review of budget proposals shall comply with state law and regulations and provide adequate time for District Board study.

Budget development shall meet the following criteria:

• The annual budget shall support the College’s master and educational plans.

• Assumptions upon which the budget is based are presented to the District Board for review.

• The District Board is provided with a schedule each year that includes dates for the presentation of the tentative budget, public hearing, and approval of the final budget. At the public hearing, interested persons may address the District Board regarding the proposed budget or any item in the proposed budget.

• Changes in the assumptions upon which the budget was based shall be reported to the District Board in a timely manner.

• Budget projections address long-term goals and commitments.

The budget will guide the expenditure of funds by fiscal year – July 1st to June 30th. Budgeted expenditures will be organized on a fund/function basis per the Wisconsin Technical College System (WTCS) Uniform Financial Fund Accounting System (UFFAS).

The budget shall be communicated in writing, through a published document, and presented to area residents through one or more open public hearings (s) at a day and time determined by the District Board. Any changes to the budget resulting from the public hearing shall be made prior to adoption. The budget document will comply with all state statutes, administrative rules/regulations, and the WTCS Financial and Administrative Manual (FAM).