Policy
Policy Type: Board- Executive Limitations
Responsible: President
Related Policies: B2001, B2002, B2003
Linked Operating Standards: None
Related Laws: None
Related External Standards: None
HLC Criterion: 2A2A
Actions taken by the institution’s governing board, administration, faculty and staff demonstrate adherence to established policies and procedures.
& 4B4B
The institution’s financial and personnel resources effectively support its current operations. The institution’s financial management balances short-term needs with long-term commitments and ensures its ongoing sustainability.
Policy Statement
The President shall not enter into any formal or informal partnership, grant, or contractual arrangement that fails to emphasize the accomplishment of Board Strategic Outcome policies, avoid unacceptable operational activities or protect the College’s fiscal integrity or public image.
Without limiting the foregoing statement, the President shall not:
- Accept gifts or grants which obligate the College to make significant, long-term expenditures of funds or other resources, other than those created by the gift or grant, or which are not in the best interest of the college.
- Enter into arrangements that have stipulations which could result in the funds being used in imprudent, unlawful or unethical ways.
- Fail to ensure gifts are used in the manner agreed upon with the donor.
- Enter into arrangements that fail to assess and consider an applicant’s capability to produce appropriately targeted, efficient results.
| Change Log | Governance Unit: Board of Trustees |
| Date | Description of Change |
| 03-07-22 | Initial Adoption |
| 06-15-23 | Minor Grammatical Edits; the term “Means” clarified to “Operational Activities” |
| 08-15-24 | Board Reviewed, No Changes |
| 08-21-25 | Board Reviewed, No Changes |