Finance & Administration Policies

To provide guidelines for the development, administration, and management of contracts.

To establish policy for departments and individuals receiving cash, checks, credit cards, or other forms of tender.

To facilitate the College's commitment to oversight, strong internal controls, and clear fiscal procedures in its business functions by providing guidance regarding expectations of its employees in the conduct of business.

Facilitate compliance with applicable federal law and IRS regulations related to arbitrage, timing and use of bond proceeds, and other aspects of a bond issue.

To establish authority, responsibility, and defined processes for sponsored programs to maximize benefits of the programs and to assist faculty, staff, and administrators to secure funding and management of sponsored projects.

A framework for consistency, structure, and guidance for general business operations by establishing guidelines for the administration of accounts payable.

Guidelines for travel within the United States on college business.

To establish guidelines for meetings and events including the provision of meals, refreshments, and entertainment.

To establish guidelines regarding the giving of gifts, awards, and the creation of incentive programs.

To establish and define the authority for, objectives of, limitations applicable to, and reporting and review for the College's investment program.

To establish a course or principle of action for procurement of goods and services.

To establish processes, appropriate standards, authorization requirements, and internal controls to ensure that the College's fixed assets are acquired, safeguarded, monitored, disposed of, and accounted for and to assign roles and responsibilities.

Establishes a framework for the use of debt instruments to finance capital and infrastructure initiatives, states utilized principles and processes, and assigns responsibilities for the approval, implementation, management, and oversight of the College’s debt portfolio.

The establishment, use, and maintenance of change and petty cash funds at the College.

To delineate the requirements for annual independent audits of any and all college records and activities to ensure appropriate oversight and compliance with all legal and regulatory requirements and CWI policies.

Provides for oversight and responsible stewardship of college resources.

Provides guidelines for properly engaging independent contractors pursuant to the classification requirements provided by the Internal Revenue Service and the U.S. Department of Labor.

To provide guidelines for the proper use of college purchasing cards.

To establish guidelines for the purchase and use of uniforms or logo apparel for employees.

To establish guidelines for the College’s procurement of public works construction.

CWI is a creditor as defined by 16 CFR 681.1(b)(5) which opens and maintains covered accounts for its customers and is subject to the Red Flag Rules.