4.3 Receipt and Disbursement of Funds

(Revised 4-7-2003; 12-5-2022)

The Chief Financial Officer, under the direction of the College President, shall be designated as the primary staff officer responsible for the receipt and disbursement of funds.  All College funds will be received through the Financial Services Department 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.

Procedures (Adopted 12-5-2022)

4.3.1       Any employee or student group establishing a bank account for purposes of receiving or disbursing funds raised by that group will work with appropriate staff in the Financial Services Department to ensure proper internal controls are in place for the account.