Common use of Operating Budgets Clause in Contracts

Operating Budgets. The College Budget will be developed through an open and inclusive process which encourages the participation of faculty members and fosters decentralized decision-making within fiscal and other funding restraints. a. Preparation of the budget includes consultations with the Association and Faculties. b. For each fiscal year, budget guidelines will be developed for use in budget decision making. These budget guidelines will be developed in consultation with the Association and will provide for review by faculty members throughout the College prior to final approval by Senior Management Team and the College Board. c. Faculty members in the Faculty/Department/Program will be consulted for feedback with respect to any proposed changes to the Faculty/Department operating budget prior to annual approval by the Board. d. Prior to submission of the final budget documents by the Responsible Administrator, the Faculty/Department/Program budget will be reviewed at a duly called meeting of the regular faculty of the appropriate Faculty/Department/Program. During such duly called meetings, faculty will have the opportunity to vote in support or non-support of the Faculty/Department/Program budget. Where a faculty group elects not to vote in support or non-support of the budget, failure to hold such a vote shall not be grievable. e. Representation from the Association shall be invited to the final internal presentation of the annual proposed budget prior to submission to the College Board. f. The Association shall be provided with a copy of the annual budget approved by the College Board.

Operating Budgets. ‌ The College Budget will be developed through an open and inclusive process which encourages the participation of faculty members and fosters decentralized decision-making within fiscal and other funding restraints. a. Preparation of the budget includes consultations with the Association and Faculties. b. For each fiscal year, budget guidelines will be developed for use in budget decision making. These budget guidelines will be developed in consultation with the Association and will provide for review by faculty members throughout the College prior to final approval by Senior Management Team and the College Board. c. Faculty members in the Faculty/Department/Program will be consulted for feedback with respect to any proposed changes to the Faculty/Department operating budget prior to annual approval by the Board. d. Prior to submission of the final budget documents by the Responsible Administrator, the Faculty/Department/Program budget will be reviewed at a duly called meeting of the regular faculty of the appropriate Faculty/Department/Program. During such duly called meetings, faculty will have the opportunity to vote in support or non-support of the Faculty/Department/Program budget. Where a faculty group elects not to vote in support or non-support of the budget, failure to hold such a vote shall not be grievable. e. Representation from the Association shall be invited to the final internal presentation of the annual proposed budget prior to submission to the College Board. f. The Association shall be provided with a copy of the annual budget approved by the College Board.

Operating Budgets. The College Budget will be developed through an open and inclusive process which encourages the participation of faculty members and fosters decentralized decision-making within fiscal and other funding restraints. a. Preparation of the budget includes consultations with the Association and Faculties. b. For each fiscal year, budget guidelines will be developed for use in budget decision making. These budget guidelines will be developed in consultation with the Association and will provide for review by faculty members throughout the College prior to final approval by Senior Management Team and the College Board. c. Faculty members in the Faculty/Department/Program will be consulted for feedback with respect to any proposed changes to the Faculty/Department operating budget prior to annual approval by the Board. d. Prior to submission of the final budget documents by the Responsible Administrator, the Faculty/Department/Program budget will be reviewed at a duly called meeting of the regular faculty of the appropriate Faculty/Department/Program. During such duly called meetings, faculty will have the opportunity to vote in support or non-support of the Faculty/Department/Program budget. Where a faculty group elects not to vote in support or non-support of the budget, failure to hold such a vote shall not be grievable. e. Representation from the Association shall be invited to the final internal presentation of the annual proposed budget prior to submission to the College Board. f. The Association shall be provided with a copy of the annual budget approved by the College Board.