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LAVC College Budget Office

Budget Process Overview

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The Campus Budget Office (CBO) has responsibility and overview of the LA Valley College operating budget and the process by which funds are acquired, allocated and utilized.

The focus of the campus budget process is on “core” funds provided by the State or generated by the College.

The campus budget process typically takes place during the period of November through August using the Budget Planning Calendar  prepared by the district office. The CBO prepares the proposed resource allocation package and presents it to the Fiscal Review and Oversight Group (FROG) and the Institutional Effectiveness Committee for consideration and approval. After a review period, during which the District Budget Office consults with their respective financial officers, the District makes its recommendations to the Chancellor and the Board of trustees for final approval. All information on incremental allocations to the campus is shared with the FROG and IEC.

The campus budget process is an open process largely driven by long standing allocation methodologies developed and modified over time by consensus of all stakeholders. This approach provides a framework that facilitates long term planning. Budget and Planning Process Cycle