AUTHORIZED FUNDS/CHART OF ACCOUNTS

Effective Date
July 1989
Last Revision Date
December 2025 
Policy Owner
VP fro Administrative Services

1. Policy & Purpose 

The Board of Trustees authorizes the creation and establishment of various funds and a Chart of Accounts.

Last Review Date: December 2025

History
Adopted July 19, 1989
Reformatted April 19, 2010
Revised June 13, 2013
Revised August 10, 2017
Reviewed December 2025

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Procedure 3130B

AUTHORIZED FUNDS/CHART OF ACCOUNTS

Effective Date
July 1989
Last Revision Date
December 2025 
Procedure Owner
VP of Administrative Services

1. Procedure

The Board of Trustees authorizes the creation and establishment of various funds and a Chart of Accounts. The College currently uses the funds in the list below. Each fund is a separate entity and must maintain its own financial integrity. Not all of the funds are necessarily active in any given year. The Vice President for Administrative Services must authorize the creation of new funds. 

Unrestricted Operating Fund 
One Mill Fund 
Auxiliary Fund 
Designated Fund 
BOCES Fund 
Miscellaneous Restricted Fund 
Federal Fund 
Loan Fund 
Endowment Fund 
Agency Fund 
Plant Fund 
Lease Purchase Financing Fund 

The Business Office maintains a Chart of Accounts for the College accounting system. 

The Chart of Accounts shall always be in compliance with rules and regulations of the Wyoming Community College Commission, the Wyoming Department of Administration and Information, and NACUBO (National Association of Colleges and Universities Business Officers). 

Last Review Date: December 2025

History
Adopted July 19, 1989
Revised March 24, 1994
Reformatted January 2008
Revised June 13, 2013
Revised August 10, 2017
Revised December 11, 2025