Title
Procedure 5.03
Subtitle
Chart of Accounts
Body
Part 1: Policy Statement
The Chief Financial Officer has the responsibility to ensure the General Ledgers of the College are fiscally maintained. Each Cost Center is assigned a responsibility manager which mirrors the College's organizational chart (see attachment A). The College's Presidential Council is responsible to follow up timely on financial concerns raised relative to cost center management.
In order to ensure accurate, reliable and complete data, the following procedures are required:
- Documented Financial Work Plan is completed and delivered to the President monthly
- Regular data integrity checks via a compliance database
- Annual review of Cost Centers with Responsibility Managers
- Follow end of year financial calendar
- Chart of Accounts Workgroup meets periodically
- Follow institutional procedures regarding appropriate accounting transactions
Date of Adoption: 12/27/2005
Date of Implementation (if different from from adoption date):
Date of Last Review: 12/27/2005
Date and Subject of Revisions:
ID