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Mt. Hood Community College Mt. Hood Community College Mt. Hood Community College

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  • BP 6300: Fiscal Management

  • Chapter 6

    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

    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