Partnership for Excellence Fund
PROJECT GRANT ID
050C & 051C
FUNDING OVERVIEW
The District distributes Partnership for Excellence Funds (PFE), these are the residual operational funds. The distribution of funds within the College also follows a base budget model, using specific formulas to allocate the funds. Even though PFE is no longer an ongoing state mandated program, the District/College is committed to investing in the original program goals and earmarks general funds for PFE related activities, and individual areas are responsible to manage the funds they receive.
ALLOCATION
The College distributes PFE to the areas using a base budget approach that allocates funds by a fixed percentage formula. The percentage formula base budget process of distributing PFE within the College ensures equitable distribution of resources from year to year.
EXPENDITURE GUIDELINES
Partnership for Excellence Funds are used to support the college PFE related activities.
Non-Allowable Expenditures
- Food
- Alcoholic Beverages
- Gifts, Giveaways & Prizes
- Personal recognition events (birthdays, weddings, baby showers, housewarming)
- Personal Expenses (purchases of goods or services for personal use and that has no benefit to the college)
CARRYOVER
Year-end balances for PFE allocations are carried over to next fiscal year to the institution. It does not roll over to the area.
BUDGET PERIOD
July 1 thru June 30