6.20 Investment Policy A. Purpose To establish guidelines for investing college funds that comply with legal requirements and demonstrate good judgment and prudence in investing these funds. B. Policy The treasurer of the college shall invest public funds in a manner which will provide safety, liquidity and investment returns while meeting the daily cash flow…
6.18 – Tuition and Fees A. Purpose To establish charges for credit-bearing instructional services. B. Policy The college will establish tuition and fee charges for credit-bearing instructional programs which will be approved by the Board of Trustees annually. C. Procedures Tuition will be recommended by cabinet for Board of Trustee approval. Chairs and directors will…
6.17 – Government Immunity The Board of Trustees shall rely upon its immunity from tort liability to the fullest extent provided by Missouri statutes in the defense of any claims which may be made against the College district. It shall be the policy of the Board of Trustees to carry liability insurance sufficient to cover…
6.15 – Accidents and Injuries OTC will comply with Public Law 101-542, the Student Right-to-Know and Campus Security Act, as amended by Public Law 102-26, the Higher Education Technical Amendments Act of 1991. Students and employees are required to report immediately all criminal actions, accidents, injuries, or other emergencies occurring on College property or in…
6.14 Solicitation and Advertising on College Property A. Purpose To establish the guidelines for solicitation and advertising in order to avoid disruption to college operations. B. Policy All solicitation and advertising on college property shall be prohibited, except as allowed by law on public right of ways adjacent to non-vacated streets or by approval from…
6.12 – Direct Reimbursement for Permissible Expenditures A. Purpose To govern the administration of reimbursement for expenditures incurred on behalf of the college. B. Policy The college shall reimburse employees and/or representatives of the college for qualified, permissible expenditures that are incurred on behalf of the college. C. Procedures General Guidelines All employees must obtain…
6.10 – Insurance Coverage It shall be the responsibility of the Vice Chancellor for Administrative Services to see that appropriate insurance coverage is carried by the College and is in effect for all College property and personnel. Revised 8/15/05
6.09 – Accounting of Funds The Vice Chancellor for Finance shall be responsible to the Chancellor for the proper accounting of all district funds. District monies shall be received, recorded, and accounted for in the Budget and Finance Office. The managers of auxiliary enterprises belonging to the College and the treasurers of the various student…
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 protect and safeguard college-owned assets. B. Policy The college shall ensure fixed assets are properly recorded, tracked, capitalized and depreciated in accordance with generally accepted accounting principles. C. Procedures All property items costing $5,000 or more, acquired by the college, shall be classified and maintained as…