I. Regulation

The CPCC Foundation may be requested to provide initial funding for programs and projects that are consistent with the College mission and objectives when state and local tax funds are inadequate or unavailable.

II. Procedure

A. Whenever possible, requests for Foundation funds will be made during the regular cycle for developing the College budget and will be processed as a portion of the Expansion Budget for the College. Specific procedures for submitting an operating budget increase request are announced annually prior to budget development activities.

B. All requests for Foundation funds that are approved as part of the College expansion budget will be combined and submitted by the President to the Executive Director of the Foundation.

C. When extraordinary opportunities or problems develop that require prompt funding and no other funds are available, the regular budget process may be omitted, and an emergency proposal may be submitted. Emergency proposals for $5,000 or less require written approval of the supervising vice president and the President. Proposals in excess of $5,000 require written approval of the unit vice presidents and the President.

D. Final action on all funding requests will be taken by the Executive Director of the Foundation and the Board of Directors of the Foundation.

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