Revised: Last Reviewed: February 2015 Adopted: February 2011
Lanier Technical College receives funds through grants and other externally funded sources. Any request for external funding must be approved by the President or designee prior to submission of the request. If the college request is approved, the grantor may specify allowed/disallowed expenditures and may require specific reporting. Therefore, the college staff involved in administering the day to day operations of the grant must coordinate with other departments to ensure that these special requirements are followed. This coordination will include determining the parties responsible for the various reporting requirements. Since some grants include progress reports for the grant as well as expenditure reports, the reporting may be handled by more than one department. The approved grant document must be provided to the Administrative Services department so that a fund source may be established in the accounting software for record keeping.
Accounting procedures for grant or other external funds will follow the same procedures established for state or local funds. All accounting transactions are processed through the college's Administrative Services Department and are subject to audit or review by the State of Georgia Department of Audits and Accounts.