Financial Resources


The following files contain information on Hostos Community College's budget distribution, available resources, and capital funding. Documents will be updated annually to reflect current information.

Hostos Budget Process

Hostos Budget Process (Updated October 2020) (.pdf)

Document Contents:

  • The Budget Components and Financial Planning Process
  • FY 2020 – 2021 Budget Conditions & the Impact of the COVID-19 Pandemic (New)
  • Financial Trends
  • Appendix A: General Budget Allocation Process for CUNY
  • Appendix B: CUNY Community College Funding Process and Timeline
  • Appendix C: Flow of Funds
  • Appendix D: Hostos Budget Timeline
  • Appendix E: COVID-19 Budget Impact

Available Resources and Financial Reporting


Budget Timeline

April-May (Previous FY):
  • VP of Administration and Finance meets with individual division vice presidents to begin conversation on the new fiscal year budget. Division VPs provide a list of anticipated vacancies, OTPS needs, and special initiatives they are looking to fund as part of strategic initiative operational planning.
  • VP of Administration consolidates requests and has a discussion with the college President.



  • The college receives its budget allocation from CUNY Central Office.
  • The college budget allocation is reconciled against the requests received from divisions and annual operational plans. The Budget Office compiles the allocations for each Division.
  • The President gives final approval of budget allocations.


  • VP of Administration and Finance, and Budget Director have individual meetings with division VPs to provide information on allocations, including full-time staff, temp services, adjuncts, and OTPS. These allocations would include any special initiatives approved by the President as part of operational plans.
  • Following individual meetings with Division heads, the Budget Office, and division liaisons work together to outline how individual allocations for each unit/ department will align with the division allocation.


  • The financial plan is developed for submission to the University.
  • The financial plan and operating budget are distributed to the college community with the assistance of the Budget and Finance Subcommittee of the College Wide Senate.
  • Division liaisons work with the Budget Office to ensure spending is aligned with their division’s allocation.


  • Division liaisons work with the Budget Office to ensure spending is aligned with their division’s allocation.

  1. This budget timeline is a general outline. The actual timeline is dependent on when the budget allocation is received from the CUNY Central Office.
  2. “Division liaisons” are the individuals designated in each division to manage the divisional budgets