The fact that no serious findings have been cited in any financial audit provides evidence of the Board’s attention to fiscal integrity.
The Sauk Valley College Foundation is governed by a 15-member Board of Directors. The Foundation adheres to its bylaws and reviews them every year. It also abides by the Association of Fundraising Professionals’ Code of Ethical Principles and Standards of Professional Practice, both of which appear on the Sauk website. The Foundation publishes a statement on the rights of donors and awards scholarships in accordance with the criteria provided by donors in coordination with the Financial Assistance Office. The Foundation was included as a part of the college’s annual audit through FY10, but will undergo an annual audit independent of the college beginning in FY11.