Technology Investment Fund

I. Policy Title: Technology Investment Fund

II. Who Does This Policy Affect

All HFC Board of Trustees, faculty, staff, students.

III. Purpose

The Henry Ford College has established a Technology Investment Fund for acquiring technology, including computers and electronic learning devices. The purpose of the Technology Investment Fund is to support college projects that increase and improve student access to instructional technology.

IV. Policy Statement

The Technology Investment Fund (“TIF”) will be maintained through a Technology Investment Fee assessed on each course credit hour. The TIF will be a restricted account outside the general operating budget of the College. The President shall inform the Board of Trustees prior to approving any expenditures from the TIF on the financial status of the TIF. All expenditures from the TIF shall require prior authorization by the Board of Trustees upon recommendation of the President.
Monies from the Technology Investment Fund may be used for any purpose that enables improvement in student learning or access to technology, including, but not limited to, multimedia presentations, distance learning technology, electronic storage materials, self-paced computer-assisted instruction, computer hardware and software, industrial computer upgrades, and maintenance costs.

The President shall develop guidelines for implementation of this policy.

V. Definitions

N/A


VI. Responsible Party for Policy Interpretation/Review

Vice President of Financial Services


VII. Related Documents

N/A


VIII. Policy History
a. Adopted by Board: February 20, 1995
b. Previous Policy Section: Finance; Previous Policy No.: 2210

Reviewed/Updated:

December 12, 2022 - Board approved changes
November 2022 - Reviewed and placed in new policy format with additional language changes

This policy supersedes and replaces any and all policies related to this subject