1 Separate restricted revenues and expenditures from unrestricted in the general fund. 

This will provide clarity in the budget as to the projected sources and uses of funds.

This will allow the use of the budget as a measure of how the school is doing compared to projections. (Currently that is not possible.)

This will help match current budgeted expenditures with carryover and current fund revenue receipts.  The unexpended balance in the fundsí budgets should be the carryover into the next fiscal year. It is expected that departments/divisions will estimate the remaining balance in their restricted funds. Department funds that will be carried over will be budgeted.

4 Create clearly defined criteria within which departments/divisions should manage their restricted funds. 

Based upon projected needs of the department/division, they could choose to spend or save restricted funds for a future need.

This will allow the college to assign monetary values to goals and then track the spending related to achieving those goals. It also gives the college a method of prioritizing expenditures based on college goals and allows coordination between and among departments/ divisions to help the college reach its strategic goals.

This will ensure that sources and uses of revenues can be accounted for in the same way between departments/divisions.

Including restricted revenues and expenditures in the planning cycle will allow departments/divisions to thoughtfully plan for major expenditures in the future and justify carry-overs at period end. It will also allow the budget office to include only those expenditures that are projected to be spent in the current budget cycle.