g-6-8.16 Finance Internal Advisory Team (FIAT)Approved: 2017-09-13
Budgets are an important element in maintaining adequate controls and management of financial resources to achieve the institutional goals and objectives established in the strategic planning process. Fiscal success is measured by the efficient and effective use of resources towards advancing the College's mission. FIAT reviews, evaluates and prioritizes general fund and capital budget requests based on the College's values, goals and objectives. FIAT will provide a report prioritizing general fund and capital budget requests as a recommendation to the College President for consideration. At the end of the 2017-18 academic year, the FIAT committee will be brought before College Affairs for review.
The team membership serves in an advisory capacity to the College President and shall be a diverse, cross-functional representation from the College. Team members should be familiar with the College's budget and budget development process. The team will consist of three faculty members, three classified staff, and three administrators who are not members of the President's Advisory Team.
|Director of Fiscal Services||Automatic (Chair)||Standing|
|Faculty (1) - CTE||Elected by the Faculty Senate||Three years|
|Faculty (1) - Transfer||Elected by the Faculty Senate||Three years|
|Faculty (1) - at large||Presidential appointment in consultation with Senate||Three years|
|Classified (3)||Recommended to the college President by CACOCC Resident or designee||Three years|
|Administrator (2)||Appointed by President||Three years|