This third revision of Central Piedmont Community College's (CPCC's) institutional planning and budgeting guide focuses on expanding the involvement of staff in institutional planning, integrating the college's various planning processes, strengthening communication within the administration, and giving administrative areas more flexibility and control in making and planning budget decisions. The guide outlines the phases and activities of a three-year (1991-92 through 1993-94) planning and budgeting process using the following seven steps: (1) strategic planning, involving mission and values assessment, environmental assessment, institutional assessment, planning assumptions, institutional goals, and quantitative targets; (2) operational planning, involving the development of action plans, budget forms, and budget brochures; (3) revenue projection and educational-area lump sum distribution; (4) educational-area Vice Presidents' determination of spending within each of their areas; (5) final preparation of the institutional budget/plan; (6) implementation and process assessment; and (7) summative assessment and dissemination of results. For each step, the specific dates and activities to be carried out are listed. Appendixes (the bulk of the document) provide: a review of the nine aims of the planning/budgeting process; a listing of milestone events in the history of planning at CPCC; action plan forms, budget forms, and assessment forms with instructions; a directory of planning council members; and administrative flow charts. (PAA)