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Section: | 400 |
Section Title: | Administration and Finance |
Policy Number: | 441 |
Policy Name: | Fiscal Emergency |
Approval Authority: | Board of Trustees |
College Policy Executive: | Chief Planning Officer |
Responsible Executive: | President / Vice President for Administration and Finance |
Responsible Unit: | Vice President for Administration and Finance |
Date Adopted: | October 25, 1995 |
Date Revised: | December 13, 2010; September 2013 |
Policy
The Board of Trustees of Ramapo College of New Jersey may declare a state of fiscal emergency by a majority vote of the appointed members of the board.
This policy governs the procedures to be used by the College when it becomes necessary to reduce the number of employees due to a fiscal crisis.
To all employees
Procedure
Office of the President
(201) 684-7610
Procedure
Once a state of fiscal emergency is declared by the Board of Trustees, the Board of Trustees shall direct the President to implement a plan and make recommendations to the Board of Trustees. Such a plan shall consider a full range of options, from the curtailment of College operations and programs to the layoff of employees.
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