Standard 6.5
6.5 Board approves the institution’s annual operating budget and records this approval in the board minutes.
Compliance:
The review of the minutes in each meeting of the governing board records a review and action on the financial reports and budgets. The general practice of the Institution is to approve a projected budget for the upcoming academic year in the spring meeting. This activity is reflected in the minutes for the past several years.
Documentation:
Exhibit: Board of Directors Minutes 2005-04-11
Exhibit: Board of Directors Minutes 2006-04-10
Exhibit: Board of Directors Minutes 2010-04-12
Exhibit: Board of Directors Minutes 2010-05-03
Exhibit: Board of Directors Minutes 2013-05-06
Exhibit: Board of Directors Minutes 2016-04-14
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