Policy 4.06 - Asset Protection
The President may not allow assets to be unprotected, inadequately maintained, nor
unnecessarily risked.
Accordingly, the President may not:
- Fail to provide adequate protection against theft and casualty.
- Fail to establish disaster/emergency management plans.
- Permit plant and equipment to be subjected to improper wear and tear or inadequate
maintenance.
- Unnecessarily expose the College, the Board, or staff to claims of liability.
- Receive, process, or disburse funds under controls that are not sufficient to meet
the auditor's standards.
- Invest funds in accounts or in investments not permitted by Washington law.
- Acquire, encumber, or dispose of real property without Board approval.
- Fail to protect property, information, and files from loss or damage.
- Permit facilities development or modifications that are not in conformance with the
Board-approved Facility Master Plan.
Historic Information
- Reviewed: OCtober 18, 2023
- Reviewed: February 19, 2003
- Reviewed: September 1, 1999