Standard 6.5


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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