Accounts shall be established with financial institutions for management of college funds. The chief business and financial officer and/or director of accounting shall be responsible for reconciliation of accounts.
A list of depositories shall be submitted to the board of trustees annually at its July meeting for approval as outlined in Article XII, Section 7 of the By-laws of the Board of Trustees of Kirtland Community College. Requests for additional depositories after the July meeting shall be submitted to the board of trustees for approval at their next regular meeting.
Approved November 17, 2005