Departmental Mission, Goals, and Objectives
Finance Mission
Departmental mission text goes here.
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