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13b.07.03.00.htm 13B.07.03.00. Title 13B MARYLAND HIGHER EDUCATION COMMISSION Subtitle 07 COMMUNITY COLLEGES Chapter 03 Community College Finance Authority: Education Article, ยง11-105, and Titles and 16, Annotated Code of Maryland
13b.07.03.01.htm 13B.07.03.01. 01 Community College Finance (Not Applicable to Baltimore City Community College). A. A college shall annually prepare an operating budget and a capital budget request in accordance with applicable State law and procedures prescribed by the Commission in its Financial Guidelines and Procedures Manual and the Community College Facilities Manual, respectively. A copy of the approved operating budget shall be submitted to the Commission by July 1.B. A college shall use th
13b.07.03.02.htm 13B.07.03.02. 02 Auditing Guidelines (Not Applicable to Baltimore City Community College). A. A college shall submit annually a signed financial and enrollment audit in accordance with this chapter.B. Performance of the Audit.. 1) The audit is to be conducted by an independent certified public accountant, and the cost of the audit shall be the responsibility of each college.2) An annual audit performed by an official auditor of a county shall satisfy the annual audit requi
13b.07.03.03.htm 13B.07.03.03. 03 Withholding State Aid (Not Applicable to Baltimore City Community College). A. If the Commission determines that satisfactory progress has not been made toward correcting material weaknesses or implementing any other audit recommendations that the Commission considers appropriate, the Commission shall declare that the college is subject to withholding of State aid if the problem is not corrected within a reasonable time specified by the Commission. The local government sh
13b.07.03.04.htm 13B.07.03.04. 04 Federal, State, or Local Contracts or Grants (Not Applicable to Baltimore City Community College). A. This regulation applies to the submission of full-time equivalent students submitted for State aid.B. Funding Adjustment.. 1) If a federal, State, or local contract or grant is used to pay for a credit or a noncredit training program course cost, a college shall reduce the number of full-time equivalent students submitted to the State for funding by an appropriate amount
13b.07.03.9999.htm 13B.07.03.9999. Administrative History Effective date: January 26, 1998 (25:2 Md. R. 77).
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