Below are answers to the Budget and Planning Office's most commonly asked questions.
Generally, funds are not transferred from a payroll account to a non-payroll ledger. Transfers of funds in travel, operating expenses, and equipment are under each department's control. All full-time professional, classified, and fringe benefits are controlled by the Budget Office, and a request to use those funds must be approved before a budget transfer can be processed
- A state account is funded by the state appropriation authorized by the legislature; accounts in fund 128 are state accounts.
- A non-state account is funded by cash generated by sales, service, lab fees, other student fees, workshops, or similar sources of revenue.
- Assess and evaluate results and measures of the prior fiscal year
- Affirm purpose and set new objectives for the next fiscal year
- Create a work plan to accomplish objectives for the next fiscal year
- Identify resources needed for the work plan
- Prioritize requests (personnel versus non-personnel)
- Update assessment and evaluation of programs (progress to date)
- Modify requests and priorities
- Approve and finalize the allocation of resources
- Adopt a strategic plan for the next fiscal year (Work Plan, Resource Allocation Plan)
- Begin next fiscal year
TMCC relies on a unified, college-wide system to develop financial plans, allocate resources and track expenditures. The president and the cabinet function as the starting point from which the college's budget and financial planning decisions flow. Read more about the financial planning process!