BP 6300: Fiscal Management
The President shall establish administrative regulations to assure that the college's fiscal management is in accordance with federal, state, and local laws and regulations that ensure:
- Adequate internal controls exist.
- Fiscal objectives, procedures, and constraints are communicated to the Board of Education and employees.
- Adjustments to the budget are made in a timely manner, when necessary.
- Responsibility and accountability for fiscal management are clearly delineated.
The President will present a quarterly report showing the financial and budgetary conditions of the college to the Board of Education.
Adopted: 3/8/06
Revised: 2/8/17
4/20/22
References:
2 Code of Federal Regulations Sections 200.302(b)(6)-(7), 200.305, 200.400 et seq.
NWCCU Standards 2.E.1, 2.E.2, 2.E.3
ORS 294.305 to 294.565
Government Auditing Standards, issued by the comptroller General of the United States
Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)
Oregon Community College Accounting Manual
Oregon State Budget Law
OAR 162-010-0000-162-010-0320