A material deviation is defined as:

1. Expenditure of more funds than have been budgeted in the fiscal year without prior Commission approval.
2. Indebtedness of the college in an amount greater than can be repaid either by otherwise unencumbered revenues within the current fiscal year or from accounts previously established by the Commission for that purpose.
3. Expenditure of funds from restricted or designated accounts, except for the purposes and in the amounts for which the account was established, without prior Commission approval.

Furthermore, the President must:

Make all purchases in accordance with state procurement laws and regulations and with prudent protection against conflict of interest.

1. Maintain adequate reserves sufficient to provide operating expenses, in accordance with state requirements.
2. Safeguard and prudently administer all funding from state, federal, or other sources.
   1. Obligations of the United States and agencies thereof.
   2. General obligations of the State of South Carolina or any of its political units.
   3. Savings and loan associations to the extent that the same are secured by the Federal Deposit Insurance Corporation.
   4. Certificates of deposit where the certificates are secured by obligations of the United States and are held by a third party as escrow agent or custodian, of a market value not less than the amount of the certificate of deposit so secured, including interest.

Such investments shall have maturities consistent with the time or times when the invested monies will be needed in cash.

^{Trident Technical College Area Commission approved Executive Parameters Policies and Commission President Relationship Policies on July 29, 1997 for adoption on January 1, 1998.
Updated July 15, 2008}