Business, Management, and Financial

Expenditures And Fiscal Control

Authorization of Expenditures
The President of the college shall establish procedures for authorization of all expenditures from all funds of the college and shall delegate the powers of authorization to such officers of the administration as he/she sees fit.

The President shall have the power to overrule part or all of any requisition for expenditures from any fund of the college.

Monitoring of Income and Expenditures
The Vice President of Business Affairs shall monitor? all income and expenditures for all funds of the college, shall prepare and implement adequate fiscal control procedures, and shall prepare monthly reports on the status of all funds of the college for scrutiny and approval by the Board of Trustees.

[Reviewed February 2021]