ACPE management shall annually prepare the budget with the Finance and Audit Committee to be submitted for approval by the Board of Directors. All budgets shall be prepared on a zero-based budgeting system with sufficient detail to identify revenue and expenditures by program and project in accordance with the ACPE chart of accounts.

From time to time, upon recommendation from the Finance and Audit Committee, the Executive Committee of the Board of Directors may amend the annual budget of the ACPE. This shall require approval from the Board of Directors.

See Reserves section for funding of expenditures in excess of budget.