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Fiscal Emergency

Section:	400
Section Title:	Administration and Finance
Policy Number:	441
Policy Name:	Fiscal Emergency
Approval Authority:	Board of Trustees
Responsible Executive:	President
Responsible Unit:	Office of the President
Date Adopted:	October 25, 1995
Date Revised:	December 13, 2010; September 2013; July 2024*

Policy

*Non-substantive amendments.

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.

Reason for Policy

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 Whom Does the Policy Apply

To all employees and students

Related Resources

Procedure 441: Fiscal Emergency

Contacts

Office of the President

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.