University of North Georgia is compliant with this comprehensive standard.
The legal authority and operating control of the University of North Georgia (UNG ) are clearly defined for fiscal stability within the institution's governance structure. The Board of Regents (BOR) is charged with approving budgets for each institution within the University System of Georgia (USG), including UNG, and requesting and distributing appropriations from the state [Section VII, Bylaws, Board of Regents]. The Constitution of the State of Georgia gives the BOR authority to allocate such appropriations, manage land, and accept donations on behalf of USG institutions [Article VIII, Section IV, Paragraph 1 (c,d), Constitution of the State of Georgia].
USG institutions are directed to prepare operating budgets for review by the BOR, and are allowed to amend budgets excepting amendments that both exceed one million dollars and involve state general fund appropriations [Sections 7.2.3. and 7.2.4, Policy Manual, Board of Regents]. Updated budgets must be reported quarterly to the USG Chief Financial Officer, and budget deficits must be reported immediately [Section 7.2.4, Policy Manual, Board of Regents]. Tuition and fees are set by the BOR [Section 7.3, Policy Manual, Board of Regents].