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 Â鶹¹û¶³â€™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 Â鶹¹û¶³.

The books and records of Â鶹¹û¶³ shall be maintained pursuant to Generally Accepted Accounting Principles (GAAP).

The President will present a quarterly report showing the financial and budgetary conditions of Â鶹¹û¶³ to the Board of Education.

Board Policies are adopted by the Â鶹¹û¶³ 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.