The Board of Trustees recognizes that the annual budget of the District is a financial plan and is subject to adjustments during the fiscal year caused by changes in enrollments, programs, services, and the costs of goods and services. Therefore, the Superintendent/President or designee is authorized to approve budget transfers within major account classifications where the effect of such transfers does not increase the District's total fiscal year budget and where such transfers are in accordance with the California Community College accounting manual.
Transfers from the Reserve for Contingencies shall require prior Board approval.
The Superintendent/President shall by the close of the fiscal year report to the Board the summary effect of all transfers among major accounts for ratification by the Board.
Education Code 84030; Title 5, California Code of Regulations 59011
Adopted: 3-4-86, 4-4-95, 4-2-02