YEAR 7 REPORT FINAL - page 62

page 61
2.F.5 Capital Budgets
Capital budgets reflect mission and core theme objectives and plans for physical facilities/
acquisition of equipment by focusing on existing equipment replacement, new technologies
for program growth, and acquisition of new equipment. Instructional programs maintain a
list of equipment needs for replacement and new technologies. These lists are provided to
Division Managers for use in planning for acquisition should capital equipment funds
become available.
EITC has no bonding authority nor authority of any other type to incur major long term
debts.
2.F.6 Auxiliary Enterprises
The only auxiliary enterprise at EITC has been the bookstore. Management will transition to
Follett Corporation in February 2016. The cafeteria is independently contracted and
operated and not an auxiliary enterprise. General operations funds historically have not
been used to support the bookstore. In the past, bookstore profits have augmented the
general fund.
2.F.7 External Financial Audit
EITC is audited annually by Moss-Adams, LLP, contracted by the Idaho SBOE. Findings are
reviewed and corrective action is comprehensively planned and executed. EITC follows the
fiscal year established by the State of Idaho, which begins on July 1 and ends on June 30.
Comprehensive annual financial reports are typically required by the State Controller’s
Office no later than the last Friday in September. EITC meets these timeline requirements.
are available on the SBOE website.
2.F.8 Fundraising
EITC does not raise funds. Fundraising is accomplished through the EITC Foundation, an
Idaho incorporated non-profit 501 (c)(3), with which EITC has a formal, written operating
agreement approved by the SBOE. Decisions on fundraising and scholarship awards are
made by an independent Foundation chaired by one of the Board’s members.
2.G Physical and Technological Infrastructure
Physical Infrastructure
2.G.1 Physical Infrastructure
EITC physical infrastructure and grounds are managed in an excellent manner. The
maintenance foreman and maintenance technicians focus on issues related to safety first as
they work to manage and maintain facilities consistent with the EITC mission. Regular
inspections of facilities are conducted by maintenance and custodial staff (e.g. fire
extinguisher checks, stocking of first aid kits and material condition of AED’s) to ensure a
safe and productive environment. In addition, reviews of security reports and incident
reports often are the first means of discovering items that need immediate attention. The
1...,52,53,54,55,56,57,58,59,60,61 63,64,65,66,67,68,69,70,71,72,...106
Powered by FlippingBook