6.09 – Accounting of Funds and External Audit A. Purpose To establish responsibility and reporting requirements for accounting of district funds. B. Policy The chief financial officer shall be responsible to the chancellor for the proper accounting of all district funds. An annual external audit of all district funds shall be performed, and the cost…
6.08 – Solicitation and Acceptance of Gifts and Grants A. Purpose To establish responsibilities and procedures regarding the solicitation and acceptance of gifts and grants. B. Policy The college welcomes financial support from state and federal governments, businesses, clubs, organizations, individuals and others. All requests for such support shall be administered by the chancellor or…
6.05 – Capital & Fixed Assets A. Purpose To establish requirements to protect and safeguard college-owned capital and fixed assets. B. Policy To ensure all college-owned fixed assets are acquired, safeguarded, controlled, disposed and accounted for in accordance with state and federal regulations, audit requirements and generally accepted accounting principles. C. Procedures Acquisition or Donation…
6.03 – Special Authorization of District Employees Authorization to ContractThe Chancellor is authorized and empowered to contract in the name of Ozarks Technical Community College subject to approval or ratification by the Board of Trustees. Authorization to Sign OrdersThe Chancellor or delegated agent are authorized and empowered by the Board of Trustees to sign orders…
6.02 Procurement A. Purpose To establish uniform and systematic requirements for the procurement of goods and services for the college. B. Policy The college will support the procurement of goods and services for the institution through established requirements and guidelines that ensure compliance with applicable regulations. All purchases shall be handled in accordance with commonly…
5.35 – Institutional Withdrawal A. Purpose To establish criteria and processes the college may utilize to withdraw a student when the student is unable or unwilling to voluntarily withdraw due to extraordinary circumstances. B. Policy The college will maintain an institutional withdrawal process for students whose behaviors meet the institutional withdrawal criteria. C. Procedures Institutional…
5.32 – Late Withdrawal A. Purpose To establish the late withdrawal eligibility criteria and procedures for students experiencing non-academic hardships, which interfere with or prevent the completion of coursework and course withdrawal by the published last date to withdraw/drop. B. Policy The college will maintain a late withdrawal petition process for students experiencing non-academic hardships,…
5.31 – Academic Fresh Start A. Purpose To establish criteria, guidelines and processes that allow returning students to recover from a deficient institutional grade point average (GPA). B. Policy Students who are readmitted to the college after an extended absence and who have an institutional GPA that does not reflect their current level of motivation,…
5.30 –Emergency Financial Assistance A. Purpose To describe emergency financial assistance options for currently enrolled students who qualify for rapid source(s) of temporary funding or resources. B. Policy The college will maintain emergency financial assistance resources. C. Procedures The OTC Cares online reporting system provides a mechanism for currently enrolled students to request emergency financial…
5.21 – Resident Classification A. Purpose To establish student residency classification requirements for determination of the appropriate tuition rate. B. Policy The college will maintain a process to establish residency classification for each student applicant. C. Procedures The college determines residency status at the time of application for admission based on the information provided by…
