4.13 Financial Exigency
The President of the College will recommend to the Board of Trustees the declaration of financial exigency and/or severe financial conditions. This declaration may encompass the College as a whole or one or more of its branch locations.
The President, in conjunction with the senior leadership of the College, will make necessary decisions to alleviate the situation and/or avert further impairment to the institution. The President and/or senior leadership may seek additional information or input from any or all employee groups in order to reach decisions.
These decisions may include, but are not limited to: reductions in workforce, furloughs, elimination of programs or services, implementation of a hiring freeze, reduction in hours of service and/or work hours, mandated budget cuts, etc. Decisions will be based on immediate and longer term business needs with a focus on preserving functions, services and programs that are critical to the operation and mission of the College.
The College shall provide timely communication to the College community. Any decision related to employment will be made in compliance with federal and state law (s), and in accordance with contractual and handbook obligations.