Type:
Procedure
Category:
Finance
Department:
College Finance
Phone:
(541) 463-5608
Primary Contact:
Greg Holmes
Contact Email:
Responsible Executive Authority:
Chief Financial Officer
Purpose:
The purpose of this procedure is to assure that the College remains compliant in reporting de minimis fringe benefits with the IRS.
Narrative:
Gifts officially presented by the college to college employees, students, and others to recognize certain personal occasions that arise (retirements, serious illness/injuries, deaths, special awards, etc.) may be purchased only from non-tax generated funds. Employee gifts or awards must first be approved by the College president or the president's appointee.
This policy does not preclude the purchase of a gift by departmental employees or individuals who may wish to make personal contributions for a gift to be presented.
Date Adopted:
Saturday, May 1, 1999
Date Last Reviewed:
Tuesday, May 13, 2014