Policy No. 609

Area: Finance
Proposed: 4/22/08

Adopted: 7/22/08

Description: Reserve for Allowance of Doubtful Accounts

This policy relates to the college establishing an allowance for bad debt at fiscal year end for any expected non-collections of the fiscal year's student accounts.

All tuition and fees on student accounts will be due and payable to the Bursar's Office. Instances of unpaid balances will be monitored by the Bursar and appropriate collections steps followed throughout the year.

The Dean of Administration and Finance and Bursar will review the fiscal year-end balances on all student accounts. Reserves for Allowance for Doubtful Accounts will be maintained and calculated by an appropriate method as determined by the Dean of Administration and Finance or designee.

See Also:

Procedure 609.1: Recording Bad Debt Expense

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