Fiscal Management Policies

Policy Category: Fiscal Management, Instruction, Personnel
Covered Individuals: All CEI Employees
Approved: 09/28/2021

231.1 Policy

College of Eastern Idaho supports professional development and growth for eligible (as determined on a departmental level) employees. College of Eastern Idaho will allocate funds for professional development through the annual budget process. Eligible employees can request to use these funds through their supervisor to further develop their professional growth and knowledge.

231.2…

Policy Category: Fiscal Management
Covered Individuals: Faculty / Staff / Students / Volunteers
Approved: 05/25/2021

405.1 Policy

The administration and Vice President of Finance and Administration shall implement ongoing financial planning and budgeting processes to include meaningful opportunities for participation by stakeholders, and will ensure appropriate available funds, realistic development of financial resources, and comprehensive risk management to ensure short-term financial health and long-term financial stability and sustainability…

Policy Category: Fiscal Management
Covered Individuals: All CEI Employees
Approved: 05/25/2021

406.1 Policy

Financial resources shall be managed in a transparent manner in accordance with policies approved by the institution’s Board of Trustees and governance structure(s), and applicable state and federal laws.

406.2 Procedure

College of Eastern Idaho’s (CEI) proactive financial planning is designed to ensure financial sustainability in the short- and long-term. Its planning…

Policy Category: Fiscal Management
Covered Individuals: All CEI Employees
Approved: 05/25/2021

407.1 Policy

The Vice President of Finance and Administration shall provide regular reports to the college administration and the Board of Trustees to demonstrate financial stability, including sufficient cash flows and reserves to achieve and fulfill its mission.

Policy Category: Fiscal Management
Covered Individuals: All CEI Employees
Approved: 05/25/2021

408.1 Policy

The Board of Trustees shall select and hire a qualified independent auditing firm (Certified Public Accountant) to conduct the annual financial audit.

408.2 Procedures

The audit firm shall be selected from submissions received following a Request for Proposal (RFP) process conducted by the Purchasing Department.  Firms will be evaluated and ranked and recommendations…