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					                                                                                                   Departmental Mission, Goals, and Objectives


Finance Mission

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                                                                                                                                 Next Date
                                                                                                                   Last Date     To Be
                             Resp  SP                                                                              Assessed/     Assessed/                        Direct Evidence That Would Support     Resources Priority H,   FY
     Department              Group Goal   Subject          Responsibility/Goal/Action               Responsibility Completed     Completed   Assessment Status          Completion/ Assessment            Needed      M, L     Complete
 151 Finances                      G5 Endowment            Annually, increase the Board             CFO             FY 2005-     FY 2006-                        The Board Designated Endowment
                                                           Designated Endowment by the                                 06        07                              is increased by the amount
                                                           amount designated by the                                                                              designated by the President and
                                                           President and Board of Trustees.                                                                      Board of Trustees.

 139 Finances                  R1      Budget Availability Current and accurate budget             CFO              Weekly       Weekly                          Current and accurate budget             Software &     H
                                                           information is readily available to aid                                                               information is readily available to aid time
                                                           in departmental budget management.                                                                    in departmental budget management.

 140 Finances                   1      Budget Availability Budget plan versus actual for each       CFO             Weekly       Weekly                          Report is provided to department       Software &      H      2003 -
                                                           department is available on demand.                                                                    chairs on an as needed basis.          time                    2004
 141 Finances                   1      Purchase Orders     The lead time for the business office    CFO                          FY 2006-                        Lead time is publicized and met.                      M       2003 -
                                                           to process purchase requisitions,                                     07                                                                                             2004
                                                           payments, and other expenditures is
                                                           publicized and met.

 142 Finances                   1      Purchase Orders    The ability for departments to enter     CFO                                                           Departments enter their own            Software &      L      2003 -
                                                          and place their own purchase                                                                           requisitions.                          Training                2004
                                                          requisitions is provided.
 143 Finances                  R2      Budgets - Balanced A balanced budget factoring in the       CFO              FY 2005- FY 2006-                            Balanced budget is issued by July 1.   Community       H
                                                          financial needs of the strategic plan is                     06    07                                                                         Effort
                                                          established by July 1 of every year.

 145 Finances                  R3      Budget Planning     The budget process includes            CFO               FY 2005- FY 2006-                            Department surveys show that           Community       H
                                                           departmental participation and meets                        06    07                                  participation and needs are            Effort
                                                           financial timing needs of departments.                                                                satisfactory.

 147 Finances                   3      Budget Planning     There is a clear budget planning         CFO             FY 2005- FY 2006-                            Receipt of departmental budget         VPs, Deans      H      2003 -
                                                           process, one that is timely and has                         06    07                                  request per plan.                                              2004
                                                           participation with every department.
 148 Finances                  R4      Budget Forecast     A rolling three-year budget forecast     CFO                                                          Three-year budget forecast is                          L
                                                           exists.                                                                                               submitted.
 149 Finances                   4      Budgets             A process is followed for annual long    CFO             FY 2005- FY 2006-                            Process is documented and              VPs, Deans      H      2003 -
                                                           range departmental budget planning.                         06    07                                  implemented.                                                   2004

 153 Finances                  R5      Liquidity           Liquidity (cash holding) is managed      CFO             FY 2005- FY 2006-                            The liquidity (cash holding) is                        H
                                                           per the President and Board of                              06    07                                  increased by the amount designated
                                                           Directors.                                                                                            by the President and Board of
                                                                                                                                                                 Directors.




Printed 11/14/2011                                                                                                Finances : 1
                                                                              Departmental Mission, Goals, and Objectives


 154 Finances        5    Liquidity   The liquidity (cash holdings) amount     CFO                                   Recurring.   The liquidity (cash holding) is      President,   H   2003 -
                                      is maintained per the President and                                                         increased by the amount designated   Board Of          2004
                                      Board of Directors.                                                                         by the President and Board of        Trustees
                                                                                                                                  Directors.
     Finances        R6   Billing     Students are properly billed and on a                    FY 2005- FY 2006-     Competed                                          Software     H
                                      timely basis.                                               06    07




Printed 11/14/2011                                                                           Finances : 2

				
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