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

Delegation of Operational ControlWith regard to operational control, the Foundation is governed by a locally elected board ofdirectors (SFCC Annual Report and College Plan 2008-2009). The Foundation's bylaws allow for amaximum of 40 directors; however, the actual number serving has varied over the past five years from alow of 30 to a high of 36. The 2010 Florida Statutes specify that “the chair of the board of trustees shallappoint a representative to the board of directors and the executive committee of each direct-supportorganization established under this section, including those established before July 1, 1998. Thepresident of the community college for which the direct-support organization is established, or thepresident's designee, shall also serve on the board of directors and the executive committee of the directsupportorganization…” (FS 1004.70)Directors of the Foundation are elected for three-year terms and succeeding terms are possible. Suchelections typically occur at the Foundation’s annual meeting in April of each year.Management of the Foundation’s operations is the responsibility of its Executive Director, who alsoserves as SFCC Dean of Resource Development (Position Description, Dean, Resourcedevelopment/Executive Director, SFCC Foundation, Inc.). The Executive Director of the Foundationreports directly to the President of the college (SFCC Organizational Chart) and is evaluated annually.Specific policies with respect to ethical standards, conflict of interest, and gift acceptance are clearlydelineated in the SFCC Foundation Major Gift Policy Manual.Communication Within the Institutional Governance StructureThe Executive Director of the Foundation serves as a member of the SFCC President’s Council andprovides monthly updates on Foundation activities to the DBOT (DBOT Minutes May 27, 2009). SFCC’sfaculty and staff contribute generously to the Foundation each year through a well-organized annualgiving campaign. In connection with this campaign, the Executive Director provides annual updates tothe faculty and staff in August at a joint meeting of all college employees.Independent Financial AuditsThe Board of Directors of the Foundation receives an annual financial audit (SFCC Foundation Audit);the results of which are presented to the DBOT in a public meeting (Board Minutes, May 26, 2010).Copies of the audited financial statements, after being reviewed and accepted by the Foundation's Boardof Directors and the DBOT, are submitted to the Florida Department of Education and the Florida AttorneyGeneral’s Office.Relationship between the College and the Direct Support OrganizationThe Foundation has its own bylaws, elects its own directors and operates at arm’s length from thecollege itself; however, the two entities are clearly related. The sole purpose of the Foundation is tosupport the mission of the college. Funds raised by the Foundation provide scholarships and directsupportto college programs as well as students' housing opportunities and capital projects. In turn, thecollege provides staffing and facilities to the Foundation in accordance with Florida Statutes and collegepolicies. As a result, the Foundation has no employees and no overhead costs to support.While operational needs of the college do not rely upon assets from the Foundation other projects aresupported. These include student scholarships, endowed teaching chairs, staff mini-grants, funding forspecial departmental projects for which institutional funds may not be used, and occasional capitalprojects.SourcesAdministrative | Annual Report 2007-2008South Florida Administrative Community College | Organizational Chart 2010-2011Page 59 / 202Annual Report 2007-2008DBOT Minutes 5.26.10