ASSET AND RISK MANAGEMENT
This chapter reviews the asset and risk management functions of the Alamo Community College District (ACCD) in the following sections:
- A. Cash and Investment Management
- B. Employee Benefits
- C. Insurance Programs
- D. Fixed Assets
- E. Bond Issuance and Indebtedness
To fulfill their mission, community colleges must maximize the use of their assets and protect them against loss from unforeseen events. Among a community college's most valuable assets are cash, employees, fixed assets and borrowing capacity. A variety of risks threaten these assets. A college's ability to function effectively will be reduced if its assets are significantly impaired. As a result, community colleges must establish effective risk management techniques and programs. The goal of risk management is to provide reasonable assurance that assets are safeguarded from loss, exposure to catastrophic loss is minimized and financial interests are protected should losses occur.