A5200.00 Expenditure Authorization

Statement

All expenditures at the College over $25,000 must be approved by the Board of Trustees.

All expenditures must be within the scope of the approved budget.  Individuals authorized to approve expenditures are as follows:

• President   ‑‑   Up to $25,000
• Vice Presidents  ‑‑   Up to $3,500

All expenditure approvals must be by written signature or electronic signature.

All capital outlay expenditures and budget transfers require written approval by the College President subject to Board ratification or approval.

Revised:  January 2009, February 2017, August 2017