286. Before 1 April each year, the regional board shall inform every institution not referred to in section 285 of the total amount it shall allocate to its operating budget for the following fiscal year.
Within the following 30 days, the board of directors shall see to it that the operating budget of the institution is revised, if necessary, adopt the operating budget of the institution and inform the regional board thereof.
Where a budget balancing plan is required to enable the institution to comply with its operating budget, the board of directors shall see to it that such a plan is prepared, adopted and transmitted to the regional board, within 60 days, along with the operating budget of the institution.