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Policy 512: Business Enterprise Rental Rates

Operational Policy
Policy Number: 512
Adopted: September 1975

An annual rental rate of 1% of gross sales shall be levied against the business enterprise funds of Grays Harbor College such as the Food Service and the College Bookstore. This amount shall be considered compensation to the operating funds of the college for the use of space assigned, utilities, custodial, building maintenance, and other related accommodations and services. At the discretion of the president, expenditures made and/or costs absorbed by the Food Service and the College Bookstore for advertising and promotions that serve college-wide interests as well as those of the Food Service and Bookstore may be deducted from the annual rental rate levied against gross sales.

Policy Review History

Reviewed: April 2020
Revised: January 1995

Review and Revision refers to the College’s cyclical process for evaluating and updating all institutional policies and procedures. At minimum, each policy or procedure will undergo review once every five years to ensure accuracy, relevance, and alignment with current practices and regulatory requirements. If the scheduled review results in no changes, the date of that review will be recorded in the Reviewed field. If updates or edits are made, the date will be recorded in the Revised field. This process maintains transparency regarding the history of each policy or procedure and ensures the College remains responsive to evolving needs and standards.

Related Procedures

  • No related procedures