CC(LEGAL) - ANNUAL OPERATING BUDGET

Authorized Expenditures

Commitment of Current Revenue

Preparation

  1. Include general revenue, local funds, and estimated institutional funds;
  2. Include detail by department for current and prior year;
  3. Include a summary by functional categories for current and prior year;
  4. Include a summary of the instructional budget by college or school for the current and preceding year;
  5. Include a summary by amount and method of finance for each listed informational item in the general appropriation act; and
  6. Be prepared within the limits of revenue available.

Advocacy Expenditures

Adoption

Posting of Budget Information Online

  1. The taxing unit's budget for the preceding two years;
  2. The taxing unit's proposed or adopted budget for the current year;
  3. The change in the amount of the taxing unit's budget from the preceding year to the current year, by dollar amount and percentage;
  4. In the case of a taxing unit other than a school district, the amount of property tax revenue budgeted for maintenance and operations for the preceding two years and the current year; and
  5. In the case of a taxing unit other than a school district, the amount of property tax revenue budgeted for debt service for the preceding two years and the current year.

Certain Donations

Vernon College

CC(LEGAL)-LJC

UPDATE 38

DATE ISSUED: 5/18/2020