§ 115D-58.9 – Daily deposits.
115D-58.9. Daily deposits. All moneys regardless of source or purpose collected or received by an officer, employee, or agent of an institution shall be deposited intact in accordance with this section. Each officer, employee and agent of an institution whose duty it is to collect or receive any moneys shall deposit his collections and receipts […]
§ 115D-58.10 – Surety bonds and related insurance.
115D-58.10. Surety bonds and related insurance. The State Board of Community Colleges shall determine what State employees and employees of institutions shall give bonds or be insured for the protection of State funds and property and the State Board is authorized to place the bonds, determine adequate insurance coverage, and pay the premiums thereon from […]
§ 115D-58.11 – Fire and casualty insurance on institutional buildings and contents.
115D-58.11. Fire and casualty insurance on institutional buildings and contents. (a) The board of trustees of each institution, in order to safeguard the investment in institutional buildings and their contents, shall: (1) Insure and keep insured each building owned by the institution to the extent of not less than eighty percent (80%) of the current […]
§ 115D-58.2 – Allocation of revenue to the institution by the local tax-levying authority.
115D-58.2. Allocation of revenue to the institution by the local tax-levying authority. (a) The local tax-levying authority of each institution shall provide, as needed, funds to meet the monthly expenditures, including salaries and other necessary operating expenses, as set forth in a statement prepared by the board of trustees and in accordance with the approved […]
§ 115D-58.3 – Provision for disbursement of State money.
115D-58.3. Provision for disbursement of State money. The deposit of money in the State treasury to the credit of the institution shall be made in monthly installments, and additionally as necessary, at such time and in such manner as may be convenient for the operation of the community college system. Before an installment is credited, […]
§ 115D-58.4 – Provisions for disbursement of local money.
115D-58.4. Provisions for disbursement of local money. All local public funds received by or credited to an institution shall be disbursed on checks signed by the two officials of the institution who shall have been designated by the board of trustees. The officials so designated shall countersign a check only if the funds required by […]
§ 115D-54 – Preparation and submission of institutional budget.
115D-54. Preparation and submission of institutional budget. (a) By a date determined by the State Board, trustees of each institution shall prepare for submission a budget request as provided in G.S. 115D-54(b) on forms provided by the State Board of Community Colleges. The budget shall be based on estimates of available funds if provided by […]
§ 115D-55 – Budget management.
115D-55. Budget management. (a) Approval of Budget by Local Tax-Levying Authority. – By a date fixed by the local tax-levying authority, the budget shall be submitted to the local tax-levying authority for approval of that portion within its authority as stated in G.S. 115D-54(b). On or before July 1, or such later date as may […]
§ 115D-56 – Final adoption of budget.
115D-56. Final adoption of budget. Upon notification of approval by the State Board of Community Colleges, the board of trustees shall adopt a budget resolution as defined in the budget manual as adopted by the State Board of Community Colleges, which shall comply with the resolution of the State Board and the appropriations of the […]
§ 115D-57 – Interim budget.
115D-57. Interim budget. In case the adoption of the budget resolution is delayed until after July 1, the board of trustees shall authorize the president, through interim provisions, to pay salaries and the other ordinary expenses of the institution for the interval between the beginning of the fiscal year and the adoption of the budget […]