If applicable, institution has board policy guiding use and limit of debt . Commitment of financial resources among programs and services reflects appropriately the missions, goals, and priorities of the institution.
Financial statements indicate a history of financial stability for the past five years.
Institution demonstrates adequacy of financial resources for the support of all of its offerings including specialized occupational, technical, and professional programs. Institution identifies sources of its student financial aid for current enrollments and provides evidence of planning for future financial aid in light of projected enrollments. It monitors and controls the relationship between unfunded student financial aid and tuition revenues. Institution maintains adequate financial reserves to meet fluctuations in operating revenue, expenses and debt Financial organization and management, and the system of reporting, ensure integrity of institutional finances, create appropriate control mechanisms, and provide basis for sound financial decision-making. An organized development program that seeks financial support from outside sources is closely coordinated with academic planning and reflects the mission and goals of the institution.