Fiscal Management

Policy Number
BP 6300
Policy Category
Chapter 6 - Business and Fiscal Affairs
Adopted
Last Reviewed

The President shall establish procedures to assure that ÌÇÐÄVlog¹Ù·½â€™s fiscal management is in accordance with Oregon and Local budget laws.

The President shall also establish procedures that satisfy the U.S. Education Department General Administrative Regulations (EDGAR) Second Edition for any Federal funds received by ÌÇÐÄVlog¹Ù·½.

The books and records of ÌÇÐÄVlog¹Ù·½ shall be maintained pursuant to Generally Accepted Accounting Principles (GAAP).

The President will present a quarterly report showing the financial and budgetary conditions of ÌÇÐÄVlog¹Ù·½ to the Board of Education.

Board Policies are adopted by the ÌÇÐÄVlog¹Ù·½ Board of Education and establish the College’s governing principles and institutional direction. These policies are reviewed by the Board at least every five years or more often as needed. Board Policies are distinct from (COPPS), which provide operational guidance and are developed through governance processes and by responsible managers.