Budget and Financial Planning Process

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TMCC's institutional planning is an in-depth, College-wide process that results in the College's Strategic Master Plan—a plan that is ongoing, transparent, and evidence based:

  • Affirms values, vision and mission (Core Themes)
  • Creates work plans that achieve goals and objectives strategically now and in the future
  • Allocates resources
  • Provides measures of progress and results

The strategic plan is linked to each level of the organization with ongoing evaluations of alignment to and relevance of:

  • Institutional level: vision, mission, values, core themes
  • Unit Level: purpose statements
  • Employees: position descriptions

To achieve the strategic direction:

  • Objectives, work plans, and indicators of achievement are developed at each level.
  • Resources are identified, prioritized, and allocated:
    • Budget
    • Facility and space
    • Technology
    • Human Resources (personnel, professional development)
  • The budget for the fiscal year is developed to include the approved resource plans.
    • Resource plans originate within departments and are processed through the deans and vice presidents to prioritize the requests.
    • Prioritized requests are reviewed and evaluated by the President's Planning Council. The final decision on approval of budget requests is contingent on legislative funding and TMCC-generated resources.
    • Vice Presidents, Deans, and President's Advisory Council members are responsible for communication of the final decisions on resource plans and the resulting budget throughout their organizations.