The purpose of the College's budgets is to:
- Align annual operations objectives and actions with the College's core strategic priorities;
- Optimize the limited financial resources available to meet the goals of the College;
- Serve as the College's formal financial plan.
The College's operating budget is prepared annually, detailing revenues and expenditures. The budget is prepared to coincide with the fiscal year of the College, June 1 to May 31. The Board of Trustees of the College has ultimate responsibility for approving the annual operating budget.