RVCC 2019 NECHE Self-Study

system of public community college education.” Further, state law (RSA 188-F: 6; F: 6 IV-
Xii) delegates to the BoT “…the management and control of all the property and affairs of
the Community College system, all of its colleges, divisions and departments…” and a
number of general authorities in the financial affairs area. This includes, but is not limited
to, the acceptance and transfer of funds, the preparation of the biennial capital budget, the
authority to enter contracts, and the ability to obtain land and resources.
The CCSNH Finance Committee is responsible for overseeing fiscal policies related to long
range planning and budgeting for the System. The BoT is advised periodically with regard
to long range financial planning in order to assess whether projected revenues and
expenses are in balance and sufficient to meet stated missions and goals. The BoT then
makes appropriate adjustments in order to provide for fiscally responsible operations over
the long term. CCSNH develops a tactical plan for each biennial period that coincides with
the state funding request cycle. These plans reflect priorities and positions articulated in
both system goals and campus strategic planning documents.
As the head of CCSNH, the Chancellor is responsible for the oversight and management of
funds and other resources, as well as the preparation of all pertinent documents and
materials that require committee review and/or approval. Additionally, the Chancellor has
the responsibility to administer financial policies and present these policies for
documentation necessary for the proper and effective exercise of the BoT’s fiduciary
responsibilities.
Each year, the Chancellor, the Board of Trustees and the College Presidents speak in front
of the New Hampshire Legislative Finance Committees to discuss the CCSNH biennial
report. As part of this review, the Chancellor develops and maintains the CCSNH Capital
Projects Plan which incorporates each college’s six year master plan. These plans are then
used as reference material when asking for allocations of money from the House and
Senate. The BoT periodically offers advice with regards to the plans and estimates for
major project cost and funding.
The CCSNH Foundation is a 501(c) (3) with a mission to provide educational opportunities
through financial assistance for student scholarships, program development, and college
facilities enhancement. CCSNH adheres to all IRS non-profit fundraising policies and does
not solicit favors that would conflict with public interest.
Shared services and other economic efficiencies are handled through the Chief Operations
Officer. Federal funding is handled per federal regulations by the Financial Aid system,
Compliance Officer, and Financial Aid Director of each college. These employees ensure
accurate financial information in Banner. To guarantee the integrity of each college and its
finances, the System Office performs internal audits and ensures all policies and
procedures are operating honestly and efficiently. A BoT subcommittee arranges annual
external financial and A-133 audits, and findings are presented to the Board of Trustees to
guarantee transparency. Financial Aid is also annually audited and recommendations for
improvement are noted.
To provide a system of checks and balances, the President is responsible for maintaining a
balanced budget, approving financial transactions, and explaining any adjustments,
transfers, and revenue/expense patterns to the System Office. The BAO assists the
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