Business, Management, and Financial

Audit and Inventory Control

The Board of Trustees shall select an independent auditor(s) to audit all fiscal affairs of the college annually. The Board of Trustees shall make provisions in the annual operating budget to meet the audit expenses incurred for such audit(s). The auditor(s) shall submit the audit report(s) to the Board of Trustees in a timely manner for consideration, acceptance, and follow-up action, if needed. At the direction of the Trustees, the President of the college shall develop procedures and internal control for maintaining the college’s assets and inventory. The President of the college may appoint an officer of the administration to monitor and keep records of such inventories and assets.

[Updated June 2021]