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Section 510 - Business Practices

Section 510 - Business Practices


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.

 

510.1 Insurance

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.

 

510.2 Purchasing

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.

 

510.3 Printing/Copywriting

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.

 

510.4 Contract for Goods and Services

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.

 

510.5 Expenditures for Coffee and Light Refreshments

These expenditures will comply with the Office of Financial Management System Administrative and Accounting Manual (SAAM) and with the LCC Travel Procedure 510.1A.

 

510.6 Fundraising Guidelines

Guidelines for fundraising endeavors are available on the LCC Foundation website, as well as on the Faculty and Staff Forms website.

 

Historic Information:

  • Replaces policies 704.1-704.7 approved - August 1989
  • Reviewed by the Cabinet and Leadership Team - November 2008
  • Campus Review
  • Adopted - February 23, 2009

 

Resource/Reference/Procedure Title Unit Responsibility
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
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