Non-recurring
resources are resources that are not part of an annual revenue
stream. Non-recurring resources include but are not limited to
such categories as:
- Fund
balances (i.e., “carryover”).
- Reserves
- One-time
grants or awards of money
- Funds
withheld from annual budget allocations (e.g., funds held back from
annual
General Fund transfer to Capital Repair & Improvement)
- Special
allocations from the state (e.g., allocations from the Emergency Board)
- Other
special allocations (e.g., “seed money” for a project)
Non-recurring resources shall not be
budgeted for ongoing
recurring expenditures.
Non-recurring resources may be
allocated for one-time
expenditures including but not limited to the following:
- Capital
equipment
- Capital
construction
- Investment
in a new program or service that will move to recurring funding sources
after a
specified trial period
- Projects related to the strategic directions of the college.
However,
the college shall not rely on non-recurring resources for funding
ongoing needs such as major maintenance and equipment replacement.