Policy 524: Reporting of Loss or Suspected Loss of College Resources
An employee should immediately report the loss or suspected loss of college resources to Safety and
Security, the Business Office Controller, and the employee’s immediate supervisor. Safety and Security and the Controller will be responsible for promptly reporting the loss or suspected loss to the State Auditor’s Office and the proper law enforcement agency.
College resources include, but are not limited to, any item with a college asset tag, cash deposits, checks, equipment, inventory, etc.
College resources do not include normal and reasonable over and short situations from cash receipting operations or normal shortages of Bookstore and Food Service inventory.
Policy Review History
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.
