Financial Resources

 

The following files contain information on Hostos Community College's budget distribution, available resources, and capital funding. Documents will be updated annually to reflect current information.

Hostos Budget Process (updated September 2019) (.pdf)
 

Available Resources and Financial Reporting

 

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 budget. Division VPs provide a list of anticipated vacancies, OTPS needs, and special initiatives they are looking to fund as part of strategic initiative operational planning.
  • VP of Administration consolidates requests and has a discussion with the college President.

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 and annual operational plans. The Budget Office compiles the allocations for each Division.
  • The President gives final approval of budget allocations.

August:

  • VP of Administration and Finance, and Budget Director have individual meetings with division VPs to provide information on allocations, including full-time staff, temp services, adjuncts, and OTPS. These allocations would include any special initiatives approved by the President as part of operational plans.
  • Following individual meetings with Division heads, the Budget Office, and division liaisons work together to outline how individual allocations for each unit/ department will align with the division allocation.

September:

  • The financial plan is developed for submission to the University.
  • The financial plan and operating budget are distributed to the college community with the assistance of the Budget and Finance Subcommittee of the College Wide Senate.
  • Division liaisons work with the Budget Office to ensure spending is aligned with their division’s allocation.

Ongoing:

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

Note:
  1. This budget timeline is a general outline. The actual timeline is dependent on when the budget allocation is received from the CUNY Central Office.
  2. “Division liaisons” are the individuals designated in each division to manage the divisional budgets