SVCC HLC Self-Study Document

Sauk Valley Community College
HLC Self-Study Document

September 19-21, 2011

1E.1: Ensures Fiscal Honesty

Board policies establish a commitment to ethical fiscal operations. For example, Board Policy 301.01 (link to digital resource room support) requires financial procedures in accordance with appropriate statutes:

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.