Ohio Admin. Code 3358:14-9-03 - Reserve funds
(A)
The board of
trustees shall establish all reserve fund accounts, priorities of reserve fund
accounts, and purpose of reserve fund accounts.
(B)
The board of
trustees shall designate the funds to be transferred into the reserve fund
accounts from other funds.
(C)
The board of
trustees shall approve all expenditures from reserve fund accounts by way of
approval of the college operational budget or special board approval outside of
the normal budgeting processes.
Notes
Promulgated Under: 111.15
Statutory Authority: 3358
Rule Amplifies: 3358
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