Financial Resources Committee
AFFILIATED DEPARTMENT, OFFICE
Finance and Administrative Services
CONTACT FRC
Financial Resources Committee
Finance and Administrative Services Office
The Financial Resources Committee is a standing committee of the Citrus College Steering Committee.
Purpose Statement
The purpose of the Financial Resources Committee is to maintain effective communication
concerning district financial resources and business operations, including reviewing
income and expenditure assumptions, addressing program and facility needs, making
recommendations and informing various college constituents of the status of funding
and expenditures and any modifications made to the budget throughout the year, in
response to funding changes. Committee members are expected to be knowledgeable about
the district's budgeting process and are expected to focus on the entire budget, rather
than isolated parts of the budget that affect only individual cost centers or constituency
groups. The committee ensures fiscal transparency by providing/sharing information
with represented constituency groups.
The committee reviews policies and procedures related to district financial resources and business operations; adheres to accreditation standards relating to the district's financial resources; and reviews and forwards recommendations of the Financial Resources Committee to the Steering Committee. The committee ensures that budget assumptions are planned in accordance with applicable focus areas and strategies of the 2021-2026 Citrus College Strategic Plan.
2025/2026 Responsibilities
- Develop the annual budget calendar.
- Review and approve budget priorities to be used in development of the annual ongoing general fund budget assumptions.
- Review and approve the ongoing unrestricted general fund budget assumptions at the following intervals: preliminary; tentative; proposed.
- Review and consider one-time resource requests from the Program Review process, including funding requests for institutional planning efforts.
- Generate and share information with constituency groups regarding the state budget and the district budget development priorities and assumptions.
- Review quarterly financial reports and other key information regarding district financial resources and business operations.
- Conduct research, formulate strategies, consult with experts and make recommendations relative to matters of district financial resources and business operations.
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