Davidson-Reaffirmation of Accreditation

Compliance
Certification
Core Requirements
2.1 | 2.2 | 2.3 | 2.4 | 2.5 | 2.6 | 2.7.1 | 2.7.2 | 2.7.3 | 2.7.4 | 2.8 | 2.9 | 2.10 | 2.11

Quality Enhancement Plan
2.12

Comprehensive Standards
3.1.1 (Mission)

3.2.1 | 3.2.2 | 3.2.3 | 3.2.4 | 3.2.5 | 3.2.6 | 3.2.7 | 3.2.8 | 3.2.9 | 3.2.10 | 3.2.11 | 3.2.12 | 3.2.13 | 3.2.14 (Admin.)

3.3.1 (Effectiveness)

3.4.1 | 3.4.2 | 3.4.3 | 3.4.4 | 3.4.5 | 3.4.6 | 3.4.7 | 3.4.8 | 3.4.9 | 3.4.10 | 3.4.11 | 3.4.12 | 3.4.13 | 3.4.14 (Educational Program)

3.5.1 | 3.5.2 (Undergraduate Program)

3.7.1 | 3.7.2 | 3.7.3 | 3.7.4 | 3.7.5 (Faculty)

3.8.1 | 3.8.2 | 3.8.3 (Library)

3.9.1 | 3.9.2 | 3.9.3 (Students)

3.10.1 | 3.10.2 | 3.10.3 | 3.10.4 | 3.10.5 | 3.10.6 | 3.10.7 (Resources)

Federal Requirements
4.1 | 4.2 | 4.3 | 4.4 | 4.5 | 4.6 | 4.7 | 4.8

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Enhancement
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Compliance Certification Report

Comprehensive Standard 3.10.4 - Control over financial and physical resources

The institution exercises appropriate control over all its financial and physical resources.

Judgment of Compliance

Davidson College is in compliance with Comprehensive Standard 3.10.4.

Rationale for Judgment of Compliance

Financial Resources:
Davidson College exercises appropriate control over its financial resources, first by establishing appropriate policies and procedures regarding those resources and then by inspecting regularly to assure that those policies and procedures are understood and followed. College management establishes internal control plans with the Trustee Audit Subcommittee and then reports on results to that committee.

Davidson provides detailed monthly budget reports to the President, Vice Presidents, and departmental budget managers, and the real-time information is also available on-line. The Business Services Office monitors spending, including a review of every expenditure for compliance with budgets. The Business Services Office prepares quarterly projections of budget results. The status of actual results compared to the budget is provided by the President to the Trustees on a quarterly basis. The status of the actual results with the budget is reported to the Finance and Budget committee of the Trustees at each meeting.

All capital expenditures above $5,000 are subject to approvals by the Executive Director of IT (if technology related), the Director of Physical Plant, the Director of Grants and Contracts (if grant related), and the Controller. In addition, all expenditures over $25,000 must be approved by the Vice President for Business and Finance. Quarterly reviews of the project status (actual spending versus the project budget) are made by the Business Services Office and reviewed with responsible project managers.

Physical Resources:
Davidson College also exercises appropriate control over its physical resources through its policies and procedures, its various inventory systems, and through regular inspections.

Supporting Documentation

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