Hostos Community College Auxiliary Enterprises Corporation ("Auxiliary" or "AEC") is a separately incorporated not for profit entity related to Hostos Community College.
The City University of New York's Manual of General Policy describes Auxiliary Enterprises Corporations ("Auxiliaries" or "AECs") as follows: "These are separately incorporated tax-exempt entities that support the colleges by providing non-instructional auxiliary services. Examples of auxiliary services include: food service, catering and vending operations; "pouring rights" contracts; bookstores; printing shops; student housing; sports, health and recreation facilities; parking operations; shuttle buses; and performing arts centers. Auxiliaries provide auxiliary services through: (i) direct operation (e.g., child care centers), (ii) subcontracts with other vendors (e.g., transportation services), and (iii) by acting as a college's fiscal agent in connection with a college or University contract or facility (e.g., pouring rights, theater operations) or asset licensing program (e.g., short-term facility use, trademarks). Auxiliary funds include royalties, commissions, and other payments received through their contracts with vendors, licensees, and others. The Auxiliaries use these funds pursuant to their board-approved budgets to support their operations, directly support college activities, and provide discretionary support for the college or the college president." (Policy 3.04 - Non-Tax Levy Funds)
At Hostos Community College, Auxiliary holds fiscal responsibility for:
Documents
Board of Directors Meeting Minutes
AEC Budget
Audited Financial Statements
Please contact Kenneth Acquah for the AEC Non-Tax Levy Disbursement Requisition Form.
Governance
Hostos AEC Bylaws
Hostos AEC Memorandum of Understanding (MOU) with Hostos Community College
CUNY AEC Guidelines
Contact
Kenneth Acquah, Treasurer
Hostos Auxiliary Enterprises Corporation
500 Grand Concourse, Room D-B106
Bronx, NY 10451
Phone: 718-518-4369
Send email