Allocation of Revenue. 6.1: Revenue generated by the Foundation shall be used in accordance with the purposes of the Foundation and generally in the following order: 1) operating expenses of the Foundation, 2) reserves of the Foundation as established by its Directors, and 3) charitable and educational student, college and district programs. In all cases, revenues shall be expended or reserved in accordance with, and aligned to the priorities established within Foundation, college and District policies and strategic plans.
Appears in 2 contracts
Sources: Master Agreement, Master Agreement