7.1 Finance and Administrative Authority of Board, Chancellor, and Presidents - History

Board Policies
Chapter 7 - General Finance Provisions

Date of Adoption: 09/20/95
Date of Implementation: 09/20/95
Date of Last Review: 05/19/21

Date & Subject of Amendments:

05/19/21 – As part of the 5 year review process, amendment contained technical edits and application of the new formatting and writing standards.

03/18/15 - Periodic review complete. Technical changes throughout. Part 2 was amended to include delegation from the chancellor. Part 4 was amended to clarify that audits will be conducted in accordance with the audit committee’s direction.

11/16/11 - Effective 1/1/12, the Board of Trustees amends all board policies to change the term "Office of the Chancellor" to "system office," and to make necessary related grammatical changes.

06/21/06 - amended Part 1 to include Minnesota Statutes Chapter 136F.05, and includes language regarding the administrative and student support information systems. Amends Part 4 clarifying that the Chancellor is accountable for the oversight of the activities of all colleges and universities. And other technical changes.

06/18/03 - deletes reference to "MnSCU", changes "system office" to "office of the chancellor", deletes approval of annual work plan

06/21/00 - Amends language in Part 1 and Part 2, Subpart A; Adds Parts 3 and 4.