SACS Compliance Certification Report (PDF) - South Florida State ...

SBE RuleSBE Rule 6A-14.0261, General Powers of the President3.2.2.2Governance and Administration: Governing board control: Fiscal stabilityThe legal authority and operating control of the institution are clearly defined for the following areaswithin the institution’s governance structure:3.2.2.2 Fiscal Stability of the Institution;JudgmentCompliant Non-Compliant Not ApplicableNarrativeThe legal authority and operating control of South Florida Community College (SFCC) are clearly definedto provide for the fiscal stability of the institution.The legal structures as outlined in Florida Statutes (FS), State Board of Education (SBE) Rules, DistrictBoard of Trustees (DBOT) policies and the SFCC administrative procedures are sufficient to provide anappropriate governance system as described previously in Comprehensive Standard 3.2.2.1. The DBOThas established policies that outline responsibility and governance for fiscal control in accordance withFS and SBE Rules. The President has also established procedures, based upon responsibilities delineatedin Board policy, to provide for the efficient and effective fiscal administration of the college.The President has operating control of the college in the area of fiscal stability. Furthermore, FS1001.64, FS 1011.30, DBOT Policy 4.02 and DBOT Policy 4.03 place responsibility with thePresident and administration to prepare and administer an annual budget in accordance with FloridaCollege System's regulations. As stated in DBOT Policy 2.02, the primary role of the DBOT is toestablish policies that will allow the President to administer the college efficiently and effectively. ThePresident and administration are responsible for operating the college under those policies and advisingthe DBOT on fiscal and budgetary matters.The college‘s financial stability is evidenced by the college’s compliance with local, state, and federalreporting requirements. (See Core Requirement 2.11.1). The college’s financial statements are auditedyearly by the Auditor General State of Florida and are submitted directly to the DBOT. In addition, theAuditor General's office conducts compliance and financial aid audits periodically and issues opinionsregarding their findings. (See Comprehensive Standard 3.10.3).SourcesDBOT PoliciesDBOT Policy 2.02, SFCC District Board of TrusteesDBOT Policy 4.02, BudgetDBOT Policy 4.03, Budget AmmendmentsFlorida StatutesFS 1001.64, Community College Boards of Trustees; Powers and DutiesFS 1011.30, Budgets for Community Colleges3.2.2.3Governance and Administration: Governing board control: Institutional policySouth Florida Community College Page 55 / 202The legal authority and operating control of the institution are clearly defined for the following areaswithin the institution’s governance structure: