Establishing an Internal Accounting Control System

Effective Date
July 1989 
Last Revision Date
April 2026
Policy Owner
Vice President of Administrative Services

1. Policy & Purpose 

The Board of Trustees oversees the integrity of the accounting standards and policies for the college. 

Last Review Date: April 2026

History
Adopted July 19, 1989 
Reformatted January 2010 
Revised June 13, 2013 
Revised: April 9, 2026

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Procedure 3130A

Establishing an Internal Accounting Control System

Effective Date
July 1989 
Last Revision Date
April 2026
Policy Owner
Vice President of Administrative Services

1. Procedure

Within the framework of cost-effectiveness, an internal accounting control system will be established to provide the Board with a high level of assurance that public and custodial funds are properly safeguarded, and that accounting transactions are executed as required.  

This will be achieved by developing a comprehensive chart of accounts, establishing accounting and financial reporting systems, and implementing procedures necessary to ensure that all funds received and disbursed by the College comply with college policies, operating procedures, applicable laws and regulations, and generally accepted accounting principles (GAAP) in the United States. 

With respect to accounting procedures, the Director of Finance and Controller recommend adoption of or changes to said procedures to the Vice President of Administrative Services who approves same. 

Administrative responsibility for control of all funds resides with the College President and his/her designee (Vice President of Administrative Services).  

The College President is designated as Assistant Treasurer of the Western Wyoming Community College. 

Last Review Date: April 2026

History
Adopted July 19, 1989 
Reformatted January 2010 
Revised June 13, 2013 
Revised: April 9, 2026