Finance & Administration – Year-end Report – Part B – Planning and Assessment
BUDGET
Mission: Our mission is to analyze funding sources and oversee funds allocated to the College by the Central Administration in order to meet the needs of the programs, activities, departments
and offices of the college. Our roles and responsibilities are to provide expert financial consultation and analysis, accurate and useful analytical reports, and to provide excellent customer
service to the college community.
College strategic objectives:
Division strategic objectives:
1.A.8 – Use financial resources efficiently and prioritize
spending on direct student services
1. Continue to improve and refine budget allocation model
and process to maximize resources.
2014-15 Completion report
Key performance indicators
Spending on instruction and student
services
Target outcomes
Maintain or improve % allocated and
spent
Actual outcomes
% of services maintained
Recommended action plans*
Continue refinement of budget process to maximize resource allocation
2015-16 Department strategic plan:
1. Division strategic objective: Continue to improve and refine budget allocation model and process to maximize resources.
Department strategic objectives
Continue improvement to budget
allocation model
Indicator(s)
Greater understanding and
acceptance by department heads
Expected outcomes
Improved forecasting and utilization
of resources.
Action plan/timeline
Developed during 2015-16
Develop monthly flash reporting for
senior management
Improved management reporting
Improved management control and
decision making
Developed during 2015 -16
Improved financial analysis
Financial analysis generated and
utilized
Improved utilization of resources and
management support.
Developed during 2015-16
Note:
Mid-year status report due end of January.
Completion report due early July (specific deadlines may vary by year).
Who
M.
Carpentier &
team
M.
Carpentier &
team
M.
Carpentier &
team
Actual outcomes