DATE OF ADOPTION: July 16, 1998
The planning of the budget document shall be a continuous process involving long‑term thought, study, and deliberation by the administrative staff, the faculty, and the Board of Regents. The administrative staff shall compile necessary data and in such form that, when presented to the Board of Regents, it will enable them to make logical budgetary decisions.
The budget planning process shall include essentially three phases. These phases include consideration of:
1. The Seminole State College Three-Year Plan and its impact upon the budget;
2. The estimated income for the budgeted academic year;
3. The estimated expenditures for the budgeted academic year.
In addition to the above criteria, all budgeting and planning will comply with all statutory requirements.