6-04 Expenditures of Funds for Auxiliary Enterprises and Undesignated Gifts

 

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Valencia College Seal

Policy: 6Hx28: 6-04

Responsible Executive: Executive Vice President, Administrative Services

Policy Contacts: Chief Financial Officer

Specific Authority: 1001.64, F.S.

Law Implemented: 1001.64, F.S.

Effective Date: 11-18-1992

Date of Last Policy Review: 11-18-1992

Policy:

Policy Statement:

  1. Auxiliary enterprise funds and undesignated gifts may be spent for the benefit of Valencia College (“College”) for:
    1. Promotion and public relations, including but not limited to: graduation, visiting committees, orientation and work conferences, human resource recruitment, meetings, receptions, and guest speakers.
    2. Hospitality of business guests at the College and elsewhere. Such hospitality expenditures shall not exceed the amount authorized for such purpose by State Board of Education Rules.
  2. Funds expended under the provision of this policy may be disbursed at the discretion of the College President. All funds used for such purposes shall be transferred to the General Current Fund (Fund One) and included in the approved operating budget of the College.
 

Policy History:

Adopted 12-11-74; Amended 12-15-82; Amended 6-17-92; Amended 11-18-92; Formerly 6Hx28:6-10; Formerly 6Hx28:6-09; Formerly 6Hx28:06-07

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