Wayne Community College - SACS Website - Comprehensive Standards 3.10.4

Home | Core Requirements | Comprehensive Standards | Federal Requirements

Comprehensive Standards: 3.1.1 - 3.2.1 - 3.2.2 - 3.2.2.1 - 3.2.2.2 - 3.2.2.3 - 3.2.2.4 - 3.2.3
3.2.4 - 3.2.5 - 3.2.6 - 3.2.7 - 3.2.8 - 3.2.9 - 3.2.10 - 3.2.11 - 3.2.12 - 3.2.13 - 3.2.14 - 3.3.1
3.4.1 - 3.4.2 - 3.4.3 - 3.4.4 - 3.4.5 - 3.4.6 - 3.4.7 - 3.4.8 - 3.4.9 - 3.4.10 - 3.4.11 - 3.4.12
3.4.13 - 3.4.14 - 3.5.1 - 3.5.2 - 3.6.1 - 3.6.2 - 3.6.3 - 3.7.1 - 3.7.2 - 3.7.3 - 3.7.4 - 3.7.5
3.8.1 - 3.8.2 - 3.8.3 - 3.9.1 - 3.9.2 - 3.9.3 - 3.10.1 - 3.10.2 - 3.10.3 - 3.10.4 - 3.10.5 - 3.10.6
3.10.7

Comprehensive Standard 3.10.4: Control over Financial and Physical Resources

The institution exercises control of all its financial and physical resources.

Judgment of Compliance: The College certifies COMPLIANCE.

Narrative:

North Carolina General Statutes 115D-55 through 115D-58, 4A detail the budget process as required by state law. After the college’s Board of Trustees approves the Budget Resolution, the budgets are allocated to instructional and administrative departments. Each department head has online access to his/her departmental budget and may print it as needed (daily, weekly or monthly) to fit the needs of the department. If a department overspends its budget, the purchase requisition is rejected until the budget is revised or the purchase is canceled. Departments are asked at mid-year to review their areas and request additional funds if needed or to revert excess funds for use by other areas in the college.

The college’s appropriate control of all resources is also shown by the audit history from the state auditor.

Documentation:

Investment Policy