9.6
Budgeting for Equipment Acquisition and Renewal The annual equipment acquisition and renewal budget will be based on the approved list of new equipment needs and a life cycle renewal plan for existing equipment. Each year, all college units will be provided the opportunity to identify new equipment needs. A prioritized list of new and replacement equipment needs will be submitted annually to the Board in May or June of each year. Equipment that can be funded within known financial capabilities will be submitted for Board approval at that time. Budget Control and Accountability Each department head/director will have access to reports to monitor the expenditure of funds for which s/he is responsible. The department head/director will be required to manage expenditures within authorized levels.
9.7
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