Section 6: Review and Assessment Functions 6.1 Finance 6.1.1 Financial Overview Report Date initially approved: February 10, 2010 Date revised: February 8, 2012; November 27, 2013; January 21, 2015 1. Overview These notes have been prepared using the 2014 – 2015 budget as outlined in Campion College’s monthly financial statements for illustration purposes. The current […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.10 Risk Management Policy Date initially approved: January 23, 2013 Date revised: January 22, 2014 Date reviewed: February 9, 2026 1. Purpose The Campion Board of Regents (Board) is responsible for overseeing and directing all matters respecting the management, administration and control of the College’s property, revenues […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.11 Asset Capitalization Guideline Policy Date initially approved: January 23, 2013 Date revised: March 21, 2018; February 10, 2025 Background The following policy outlines the guidelines for Campion College management to determine whether an item will be considered a capital asset (captured in the Statement of Financial […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.12 Procurement & Solicitation of Competitive Bids Date initially approved: February 10, 2016 1. Purpose The purpose of this policy is to ensure that the procurement function at Campion College shall be open, fair and transparent where goods and services are procured in an open competitive environment. […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.2 Budget Development and Approval Date initially approved: February 10, 2010 Date revised: February 8, 2012; January 21, 2015 Budget 1. Purpose The purpose of this policy is to establish a process for developing and approving the Campion College annual budget. 2. Background It is a fundamental […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.3 Signing Authority Date initially approved: May 22, 1986 Date revised: May 13, 2009; December 14, 2011; February 8, 2012; January 21, 2015; February 10, 2016 Signing Authority Policy 1. Purpose The primary purpose of this policy is to outline the Board of Regent’s approach to the […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.4 Insurance Date initially approved: November 28, 2012 Date revised: March 21, 2018; October 8, 2025 The Finance and Audit Committee is entrusted to confirm through College management that appropriate insurance coverage is obtained, in place, and current as by attachment to this policy.
Section 6: Review and Assessment Functions 6.1 Finance 6.1.5 Indemnification Policy for College Officers and Members of Board of Regents Date initially approved: November 28, 2012 Date reviewed: October 8, 2025 Campion College has subscribed insurance against personal liability incurred by members of the Board of Regents or Board Committee, subject to the terms, conditions […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.6.1 Audit Policy Date initially approved: March 8, 2006 Date revised: October 8, 2008; December 14, 2011; March 21, 2018; February 6, 2019; February 9, 2026 Audit Policy 1. Purpose The Campion Board of Regents (Board) is responsible for overseeing and directing all matters respecting the management, […]
Section 6: Review and Assessment Functions 6.1 Finance 6.1.6.2 Audit Policy Appointment of External Auditors Date initially approved: February 8, 2006 Date revised: December 14, 2011 Date reviewed: February 6, 2019 Audit Policy Appointment of External Auditors Terms of Reference An external independent auditor is required to conduct an audit annually to comply with the […]
