The Austin Community College District (“ACC” or “the College”) has the fiduciary responsibility to explore all available funding resources for its programs and services and to ensure budgeted funds are expended in a prudent manner.
College staff are authorized to apply for and receive federal, state, local government, and private grants that support the expressed mission of the College. To minimize the impact on the College’s operating budget for the administration of grant funds, the College shall pursue the maximum allowable indirect cost rate or administrative allowance on all grant applications. Using College unrestricted funds as a cash match for grant funds is prohibited. Exceptions to the above must be approved by the Executive Vice President of Finance & Administration and the Chancellor.
Prior to submission to the relevant agency all grant applications shall be approved in the following order:
- the Vice President of Institutional Planning, Development and Evaluation;
- the Vice President of Instruction or the Vice President of Student Services;
- the Executive Vice President of Finance & Administration;
- the Provost/Executive Vice President for Academic Affairs; and
- the Chancellor