4.14 Receipt and Disbursement of Funds Policy

The Chief Financial Officer, under the direction of the President of the College, shall be designated as the primary staff officer responsible for the receipt and disbursement of funds, said officer being bonded in an amount of not less than $1,000,000. All College funds will be received through the College Business Office and will be properly recorded and accounted for. The Board treasurer shall be the official designated by the Board to certify monthly that the receipt and disbursement of funds have been duly and properly accounted for.

(Revised 4-7-2003)