Financial Resources

 

The following files contain information on Hostos Community College's budget distribution, available resources, and capital funding.


Financial Resources: FY 2016-2017 (.pdf)
Financial Resources: FY 2015-2016 (.pdf)
Financial Resources: FY 2014-2015 (.pdf)


Budget Timeline

 

April-May (Previous FY):

  • VP of Administration and Finance meets with individual division vice presidents to begin conversation on the new fiscal year’s budget. Division VPs provide a list of anticipated vacancies, OTPS needs, and special initiatives they are looking to fund.
  • VP of Administration consolidates requests and has a discussion with the College President, who makes final approvals of items to be included in the next fiscal year’s budget.

 


START OF FISCAL YEAR  (JULY 1)



July/August:

  • The College receives its budget allocation from CUNY Central Office.
  • The College budget allocation is reconciled against the requests received from divisions.
  • VP of Administration has individual meetings with division VPs to provide information on all allocations, including full time staff, temp services, adjuncts, and OTPS. These allocations would include any special initiatives approved by the President.

 

August:

  • The Budget Office compiles the allocations for each Division
  • Budget Office and Division liaisons work together to outline the individual allocations for each unit/department within the Division.

 
September:

  • The Financial Plan is developed for submission to the University.

 
Ongoing:

  • Division liaisons work closely with the Budget Office to ensure their Division’s spending is aligned with its allocation.