Number: 3.25

Title: Budget Planning and Approval Schedule

Effective date: May 2001

Re-approved date: June 2014

Supersedes: 3.25

Dated: March 1990

Purpose

To define the annual budget preparation cycle.

Policy

1. Each year, the budgets for the following fiscal year shall be prepared in accordance with a scheduled sequence of events as described below:

2. The Finance Committee shall monitor and manage the budget planning process.