Comprehensive Standard 3.2.2.2
The legal authority and
operating control of the institution are clearly defined for the following
areas within the institution’s governance structure. (Fiscal Stability of the Institution)
aCompliance ___Partial Compliance ___Non-Compliance
Narrative:
The
President of the College has responsibility for the operational control and
fiscal stability of the institution. (Policy 203.02).
The State Board of Education (Financial Management Policy 301.01) also requires that “each institution
shall operate within available resources and shall maintain adequate
operational balances as defined by the Chancellor and reported to the State
Board of Education to ensure the financial stability of the institution.” The college’s organizational chart also
delineates the operational responsibility for fiscal stability within Lawson’s
governance structure to the President and Vice President for Administrative and
Student Services (LSCC Organization Chart). The job descriptions for the President (President's Job Description) and the Vice President for Administrative
and Student Services (Job
Description)
indicate the responsibility for managing the fiscal affairs of the college
efficiently and economically.
The Alabama State Board
of Education formally adopts institutional budgets. Financial Reporting as mandated by the State
Board of Education Policy 304.01 stipulates that each institution shall submit an annual budget and
annual financial statement to the chancellor who in turn presents the
institution budgets to the State Board of Education for approval prior to the
commencement of each fiscal year. The
chancellor is authorized to consider and approve amendments to institution
budgets during a fiscal year as requested by a President.
Lawson State Community
College’s President and administrative staff devote a considerable amount of
time to budget planning and control.
Budget managers have access to online budget information with
expenditures and encumbrances monitored closely by fiscal personnel and the
president. Fiscal stability is demonstrated through audit reports (Audits: 2005-2006 , 2006-2007 , 2007-2008) financial statements and an approved budget (operating budget) for the current fiscal year).
Documentation:
|
Documentation |
Location |
|
Alabama State Board of Education policy 203.02
President Line of Authority |
|
|
Alabama State Board of Education policy 301.01
Financial Management |
|
|
Lawson State Community College Organizational
Chart |
|
|
Lawson State Community College President’s Job
Description |
|
|
Lawson State Community College Vice President
for Administrative and Student Services Job Description |
|
|
Alabama State Board of Education Policy 304.01
Financial Reporting |
|
|
Audit 2007-2008 |
|
|
Audit 2006-2007 |
|
|
Audit 2005-2006 |
|
|
Budget 2007-2008 |