Fiscal Accountability Framework
Implementation of Process for System Fiscal Policy Changes
Background
The Fiscal Accountability Framework project resulted in the recommendation to adopt a policy on the "Formulation, Issuance, and Revision of System Fiscal Policies." For current implementation status of this recommendation, see below. For background project information that led to the creation of the recommendation, see http://www.ous.edu/cont-div/faf/background/ .
Implementation Status
(Refer to the Final Project Report to see a more detailed description of the recommendation.)
3/11/02 - The Vice Chancellor for Finance and Administration approved the Policy on the Formulation, Issuance, and Revision of System Fiscal Policies, as recommended in Section 8 of the FAF Final Report. This policy will be included in the policy web site that is being developed.
1/24/02 - The Controller reported to the FAF Steering Committee that once the proposed "Policy on the Formulation, Issuance, and Revision of System Fiscal Policies" goes to the Budget & Finance Committee of the Board, the Chair of the Steering Committee will work with the Vice Chancellor for Finance and Administration to approve and implement the policy. The Controller's Division will then distribute the policy to appropriate standing committees and will make it available on the web site.
