How were the budget assumptions and projections formulated?
The operating budget assumptions and projections were developed with input and recommendations from the College Budget Committee. The Budget Committee is comprised of 19 members who are representative of the campus community. The Budget Committee held semi-monthly meetings between September 2008 and January 2009 to review various aspects of the College’s operating budget and overall finances. They also considered many different budget scenarios that quantify the financial impact of the interaction between changes in key budget assumptions. The president used the input and recommendations from the Budget Committee to submit a budget proposal to the Board of Trustees for approval at their January 2009 meeting.
