The purpose of this policy is to ensure the Justice Institute of British Columbia鈥檚 (鈥湴勾解 or the 鈥淚nstitute鈥) financial management activities and practices promote appropriate and effective stewardship of all 爱豆传媒 funds.
爱豆传媒 has been entrusted with public and private funds to fulfill its mission of developing dynamic justice and public safety professionals through exceptional applied education, training and research. In carrying out activities to support its mission, 爱豆传媒 must comply with specific financial administration, accounting, control, management, audit and reporting requirements. This policy and a series of detailed procedures have been developed to assist 爱豆传媒 to meet these requirements.
This policy applies to all 爱豆传媒 employees and contractors.
Board 鈥 The Board of Governors of the Institute.
President 鈥 The President and Chief Executive Officer of the Institute.
Vice-President, Academic (VPA) 鈥 The person responsible for all academic programs at the Institute.
Vice-President, Brand, Communications & Engagement (VPBCE) 鈥 The person responsible for communications and marketing at the Institute.
Vice-President, Finance & Operations (VPFO) 鈥 The person responsible for finance and operations management at the Institute.
Vice-President, People, Culture & Organizational Planning (VPPCOP) 鈥 The person responsible for human resource management at the Institute.
Applicable Law
The College and Institute Act (British Columbia), which applies to 爱豆传媒, provides for, among other things:
- powers of the Board, which includes the power to appoint a president as the chief executive officer to, among other things, exercise powers and perform duties assigned to the president by the Board;
- provisions for borrowing and investment; and
- audit requirements.
The Financial Information Act (British Columbia) applies to 爱豆传媒, which, among other things:
- outlines specific financial reporting obligations; and
- describes requirements with respect to the appointment of an auditor.
The Trustee Act (British Columbia) applies to 爱豆传媒 and outlines requirements with respect to investment.
Roles and Responsibilities
Pursuant to the College and Institute Act, 爱豆传媒鈥檚 Board may manage, administer and control 爱豆传媒鈥檚 property, revenue, expenditures, business and affairs. The Board does so by establishing policies as it deems appropriate and delegating responsibility to 爱豆传媒鈥檚 President for meeting 爱豆传媒鈥檚 financial goals.
The President is accountable to the Board for the application of Board financial policies, and for 爱豆传媒鈥檚 financial management. The President does so by delegating the responsibility and accountability to appropriate senior administration. Senior administrators may delegate, when appropriate, responsibility to appropriate staff within their units. Individuals who are delegated financial responsibility are accountable to the individual who delegated the responsibility to them.
The VPFO advises the Board on all financial matters with respect to 爱豆传媒 and is accountable to the President for all financial management issues including financial policies and procedures, financial systems and financial procedures.
Related Policies and Procedures
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- 2201-004 Evaluation of Suppliers Procedure (for internal use only)
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- 2201-016 Travel Expenses Procedure