Florida Regulations 6A-14.077: Auxiliary Services and Enterprises and Undesignated Gifts
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Boards of trustees may operate or contract for auxiliary services and enterprises as defined in the accounting manual incorporated in Fl. Admin. Code R. 6A-14.072, and may use funds generated from auxiliary operations and contracts and from undesignated gifts as provided herein.
(1) Auxiliary funds and undesignated gifts shall be spent according to rules of the board of trustees for the benefit of the college.
(a) The board of trustees may authorize a portion of such funds to be disbursed at the discretion of the president for: promotion and public relations and hospitality of business guests of the college. Hospitality expenditure shall not exceed one percent of the prior year total expenditures in the current unrestricted fund.
(b) The board of trustees may authorize other uses of such funds for the benefit of the college through its rules or by special action of the board.
(2) Funds used for purposes under subsection (1) of this rule shall be transferred to the appropriate fund of the community college and included in the appropriate budget.
Rulemaking Authority 1001.02(1), 1010.08 FS. Law Implemented Florida Statutes § 1010.08. History-New 12-19-74, Formerly 6A-8.18, Amended 6-27-85, Formerly 6A-14.77, Amended 7-20-04.
Terms Used In Florida Regulations 6A-14.077
- Contract: A legal written agreement that becomes binding when signed.
(a) The board of trustees may authorize a portion of such funds to be disbursed at the discretion of the president for: promotion and public relations and hospitality of business guests of the college. Hospitality expenditure shall not exceed one percent of the prior year total expenditures in the current unrestricted fund.
(b) The board of trustees may authorize other uses of such funds for the benefit of the college through its rules or by special action of the board.
(2) Funds used for purposes under subsection (1) of this rule shall be transferred to the appropriate fund of the community college and included in the appropriate budget.
Rulemaking Authority 1001.02(1), 1010.08 FS. Law Implemented Florida Statutes § 1010.08. History-New 12-19-74, Formerly 6A-8.18, Amended 6-27-85, Formerly 6A-14.77, Amended 7-20-04.