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I. Title of Policy
II. Objective of Policy
To establish parameters within which the President is authorized to make budget transfers during the fiscal year.
Board of Trustees Bylaws 1. 1.3054 i.
IV. Policy Statement
Procedures for budget transfers shall be established by Brookdale Community College (“College”) regulations and periodically reviewed by the Finance and Facilities Committee of the Board of Trustees.
Budget transfers shall not be utilized to establish positions, or offices, without prior Board approval.
A one-time budget transfer of 10% or more of a division’s annual budget must have the approval of the Board of Trustees.
V. Responsibility for Implementation
Approved: Board of Trustees, 05/29/2019