REVIEW OF DEPARTMENTAL FINANCIAL TRANSACTIONS

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

1. Policy & Purpose

It is the policy of the College to conduct periodic reviews of departmental financial transactions as necessary to ensure the integrity of its financial records. 

The review function will normally be carried out by the Director of Finance and Controller; the College President, however, may designate another individual to perform this function from time to time. 

Reports shall be prepared regarding the financial records/transactions which have been reviewed. Said reports shall be given to the department head, the Vice President of Administrative Services, and the College President for review. 

Last Review Date: March 2026

History
Adopted July 19, 1989
Reformatted February 2010
Reformatted April 20, 2010
Revised September 12, 2013
Reformatted December 10, 2020
Revised: March 12, 2026

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Procedure 3160A

REVIEW OF DEPARTMENTAL FINANCIAL TRANSACTIONS

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

1. Procedure

Typically, the Director of Finance and Controller will carry out the review; however, the College President may designate another individual to perform this function as needed. 

After the review, reports detailing the financial records and transactions will be prepared. These reports will be shared with the department head, the Vice President of Administrative Services, and the College President for their review. 

Last Review Date: March 2026

History
Adopted July 19, 1989
Reformatted February 2010
Reformatted April 20, 2010
Revised September 12, 2013
Reformatted December 10, 2020
Revised: March 12, 2026