Income Credit Program (ICP) year-end balances
Departments and Divisions shall be allowed to carry over ICP balances but plans for expenditure of carryover must be developed and approved by the vice president [or associate vice president] or designee using clear guidelines and criteria. Reports on actual expenditures must be submitted annually and the need for each fee may be reviewed as appropriate.

Materials & Services (M&S) year-end balances
Departments and Divisions may be allowed to carry over 50% of positive M&S balances.  Plans for expenditure of carryover must be developed and approved by the vice president [or associate vice president] or designee using clear guidelines and criteria.  Under some circumstances, with the approval of the president and vice president, departments may be allowed to carry over more than 50% of positive M&S balances.

Because M&S carryover has been used routinely by departments for equipment replacement, the college shall initiate a college-wide capital equipment replacement program and shall develop options for funding such a program.