financials

2.E.1 Audits and Reporting

The institution utilizes relevant audit processes and regular reporting to demonstrate financial stability, including sufficient cash flow and reserves to achieve and fulfill its mission.

 

 

Policies and procedures that articulate the oversight and management of financial resources

State Policies:

GRC Policies - Oversight of Financial Resources:

GRC Policies - Management of Financial Resources:

GRC Business Administration Policies:

GRC Foundation Policies:

GRC Financial Aid Policies:

GRC Grant & Contract Policies:

For institutions for whom the most recent external financial audit is more than one fiscal year from the time of PRFR submission, also include for the most recent complete fiscal year:

  • Statement of cash flow
  • Income Statement (or equivalent)
  • Balance Sheet (or equivalent)


2.E.2 Financial Development

Financial planning includes meaningful opportunities for participation by stakeholders and ensures appropriate available funds, realistic development of financial resources, and comprehensive risk management to ensure short term financial health and long-term financial stability and sustainability.

Policies and procedures for planning and monitoring of operating and capital budgets,

  • reserves
  • investments
  • fundraising
  • cash management
  • debt management
  • transfers and borrowing between funds

State Policies:

GRC Policies:

Sample of meeting agendas, minutes, and/or other documentation as evidence of meaningful opportunities for participation by stakeholders through

GRC-FSTF-Newsletter-The-Fiscal-Compass-Issue-1-Fall-2025


2.E.3 Staffing Capacity and Qualifications

Financial resources are managed transparently in accordance with policies approved by the institution’s governing board(s), governance structure(s), and applicable state and federal laws.

State Policies:

Capital budget projects—Objective analysis and scoring—Prioritized lists—Additional supporting information, RCW 43.88D.010  

Services and activities fees—Guidelines governing establishment and funding of programs supported by—Scope—Mandatory provisions—Dispute resolution, RCW 28B.15.045

GRC policy - authority reserved by the board of trustees:

GRC Grant project management policy and procedures:

2.E.3 EV.#2: Board approved financial policies...

  • state financial policies
  • system financial policies

GRC:

State: