The purpose of the Financial Resources Committee is to maintain effective communication concerning district financial resources and business operations, including reviewing expenditures and income, addressing academic and facility needs, making recommendations, and informing various college constituent groups of the status of funding and expenditures and any modifications made to the budget throughout the year in response to funding changes.
The committee takes an active role in maintaining fiscal transparency through:
- clarity of roles and responsibilities,
- public availability of information,
- open budget preparation, execution and reporting, and
- integrity in providing quality fiscal data and independent scrutiny of fiscal information.
The committee reviews policies and procedures related to district financial resources and business operations; responds to accreditation recommendations relating to the district’s financial resources as addressed in Standard IIID; and reviews and forwards recommendations of the Financial Resources Committee to the Steering Committee.