Financial planning and budgeting for any fiscal year or the remaining part of any fiscal year shall not fail to further the college’s Ends policies (mission, vision, values, and ends),  the strategic priorities of the current institutional strategic plan, and shall not risk fiscal jeopardy.

Accordingly, the president may not present a budget to the board for approval that:

1. Fails to meet Wyoming Community College Commission standards.

2. Fails to include the planning assumptions upon which the budget is based.

3. Does not contain adequate information regarding the relationship of budgeted funds to the goals and strategic priorities of the college (Ends policies).

4. Does not provide credible projection of revenues, expenses, and cash flow.

5. Fails to separate operational, capital outlay, and restricted funds and other categories required by law, common practice, or auditing standards.

6. Fails to take into account future (multi-year) needs and projections of revenue.

7. Plans the expenditure in any fiscal year of more funds than are projected to be available in that period.
8. Fails to provide an adequate contingency reserve.

9. Fails to present to the board end-of-year budget and transfer of funds. 

Note:  Criteria in this category are the standards that must be met in order for the budget to be approved. If the board is confident that these standards are met when the budget is presented, then it will approve the budget.

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Approved  1/15/03
Reviewed w/ no changes made November 15, 2017
Reviewed w/ no changes made October 15, 2019
Revised October 15, 2025