American Samoa Community College

III.D.9.  The institution has sufficient cash flow and reserves to maintain stability, support strategies for appropriate risk management, and when necessary, implement contingency plans to meet financial emergencies and unforeseen occurrences. 

The changes made at the College to comply with this standard were guided by Recommendation 7.

During fiscal year 2015, the American Samoa Community College established its cash reserve policy 1.  The cash reserve policy identified the minimum balance that the institution must set aside as its cash reserve.

As of 2015, ASCC was able to set aside the following cash reserves: