Board Policy - Budget Transfer

The Board of Trustees of Tompkins Cortland Community College delegates the responsibility and authority to the President of the College to approve the transfer of appropriations from one function or object of expense account to another, of an amount not to exceed $5,000 per transfer. Any such transfers approved by the President of the College will be reported in a timely manner to the Board of Trustees. The Board of Trustees adopts the accompanying Budget Transfer Policy which incorporates the aforementioned delegation of authority.

ACCOMPANYING BUDGET TRANSFER POLICY 

The Board of Trustees of Tompkins Cortland Community College has the responsibility and authority for making amendments to the College Operating Budget (within the total budget) as stated in the Commissioner’s Regulations Section 602.9 and the Board of Trustees’ by-laws. In order to maintain efficient College operations, the Board delegates certain authority and responsibility to the College administration in the following manner:

Operating budget transfers within the same object of expenditure and functional area may be made with budget manager or dean/president approval.

Operating budget transfers between objects of expenditure and/or functional areas not exceeding $5,000 may be made with the President’s approval. Any transfers of this nature will be reported in a timely manner to the Board of Trustees.

Operating budget transfers between objects and/or functional areas exceeding $5,000 require Board of Trustee Approval.

8/15/96 – Resolution #1996-97-11 – Budget Transfer Policy 
5/10/2007 
11/10/2016