The timelines and requirements for publication and availability of a community college district’s budget are specifically outlined in the California Code of Regulations. These requirements include the schedule for adoption of a district’s Tentative Budget on or before July 1 and subsequent adoption of a Final Budget prior to September 15. In addition, a public hearing must be held prior to the adoption of the Final Budget with appropriate publication in a local newspaper making the proposed budget available for public inspection.
The Tentative Budget, due July 1, is based upon the Governor's January 2007 proposed budget. Information regarding the May Revise is not anticipated until the week of May 14 and thus will not be available for the development of the 2007-08 Tentative Budget which is scheduled for adoption on June 5, 2007. Should the May Revise substantially alter the budget, the changes will be discussed as part of the Tentative Budget presentation. The District's Final Budget is subject to change following the final adoption of the 2007-08 State Budget by the Legislature and signature by the Governor. The District's Final budget will represent the State Budget Act for 2007-08.
The process of developing a community college district budget is an ongoing function and must be addressed by the Board and administration throughout the school year. In order to effectively develop a fiscal document that reflects the goals and objectives of the District, the budget process must include a well-defined Budget Calendar, outlining when each component of the budget is to be completed and the responsibility for completion.
The following Budget Calendar for preparation of the 2007-08 Budget was adopted by the Governing Board at its February 6, 2007, meeting: Budget Calendar