The College shall handle its financial affairs in accordance with the provisions of the most current policies, regulations, and procedures as outlined by the Office of Financial Management of Washington State, and the most current Community College Fiscal Affairs manual.
The College is self-insured under the self-insurance provisions of RCW 4.92.060 – 4.92.170 for most operations. When specific insurance coverage for an event is needed, the College will obtain advice and approval from the State Risk Manager.
Lower Columbia College shall follow the established purchasing procedures as defined in the Washington Purchasing Manual. In accordance with RCW 28B.10.029, Lower Columbia College has independent authority relative to the purchase and disposal of all material, supplies, services, and equipment needed for college operations.
Lower Columbia College will provide a printing resource for the College, considering the requests of faculty and staff to be of the foremost importance. Lower Columbia College will abide by all laws of the United States and of the State of Washington relative to duplicating copyrighted material.
Authority to contract with commercial or the public sector for goods and services is delegated to the President or designee except for Board approval for architectural services for capital projects that exceed $25,000; and construction bids whose value is greater than $50,000.
These expenditures will comply with the Office of Financial Management System Administrative and Accounting Manual (SAAM) and with the LCC Travel Procedure 510.1A.
Guidelines for fundraising endeavors are available on the LCC Foundation website, as well as on the Faculty and Staff Forms website.
|Procedure 510.1A||Business Practices||VP Administration/Director of Finance|
|State Administrative and Accounting Manual (SAAM)||VP Administration/Director of Finance|
|LCC Fundraising Guidelines||VP of Foundation|