The physical assets of the college shall not be unprotected, inadequately maintained or unnecessarily risked.  Physical assets include without limitation buildings, grounds, equipment, records, and funds.

Accordingly, the president shall not:

1. Violate relevant laws, regulations, or auditing standards

2. Fail to provide insurance against theft, casualty and liability losses.

3. Fail to provide reasonable security and protection of property for facilities, equipment, cash, information, and files from loss or significant damage.
4. Fail to provide procedures to prohibit misuse of physical assets.

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Approved 5/21/03
Reviewed w/ no changes made November 15, 2017
Reviewed w/ no changes made October 15, 2019
Reviewed w/ no changes made October 15, 2025