Purpose Statement: The purpose of the Business & Finance Committee is to review and make recommendations on the budget process, budget forecasting, facilities planning and scheduled maintenance.
Description: The committee is responsible for reviewing and making recommendations on the annual budget process, the annual budget, multi-year budget forecast, Facility Master Plan, and the scheduled maintenance plan. The committee makes recommendations to the President’s Shared Governance Council (PSGC) and/or President’s Cabinet relative to the resources available to fund the institutional plan priorities. Prepares an annual calendar that identifies key dates for items in the college’s annual planning cycle. In addition the committee reviews and makes recommendations related to matters such as the actuarial study for post-retirement benefits, cash flow, and other such items as appropriate.