TRUST AND AGENCY FUND | Policy Manual

6670 - TRUST AND AGENCY FUND

The Governing Board directs the establishment of a Trust and Agency Fund for the financial administration of scholarship and other trusts operated for the benefit of students and duly approved by the Governing Board.

The Treasurer/CFO shall be responsible for the administration of the Trust and Agency Fund. The Fund shall be audited annually and shall be administered under appropriate accounting controls. The books of account shall record income and expenses separately for each approved area.