D-396 Commission Income
| Authority | Vice President of Finance and College Operations/CFO |
| Effective Date | February 15, 1984 |
| Revision Date | May 30, 2024 |
| Reviewed Date | March 18, 2009 |
| Related Policies | |
| Related Forms, Policies, Procedures, Statute |
The College may receive commissions on contracted services operated within the on-College Premises and delivered by a private vendor through an agreement with the College. Funds generated from such commissions shall be deposited in the College's designated depository.
Commission income received shall be recorded in the Enterprise Fund. Annually, $10,000 of the bookstore commission revenue shall be budgeted in support of discretionary expenditures that meet the following:
The contribution of the expenditure toward the educational process and environment would be difficult or impossible to accomplish with the College's fiscal and tax constraints.
The contribution the expenditure will have in benefiting Students and Employees.
Any unused funds at year-end shall lapse into the fund balance.
District Board procurement policies shall govern all purchases.