Trident Technical College will retain and expend funds derived wholly from the activities of student organizations and from the operation of canteens, bookstores, and other auxiliary enterprises in accord with policies established by the College's Area Commission and approved by the State Board for Technical and Comprehensive Education.
It is the purpose and intent of the Area Commission that the College consider any funds derived from the auxiliary enterprises as a source of funds for the reasonable expenses of the Area Commission and College faculty and staff in furthering the values, goals, and objectives of Trident Technical College.
The College may not use these funds for purposes otherwise precluded by statute, such as salary supplements for State employees or supplements to approved regulations for travel reimbursements.
The College must identify and account for auxiliary income funds budgeted for expenditure in the official financial records of the College. The President or his/her designee must approve all expenditures.