POLICY NUMBER: 603
POLICY NAME: Expenditure Policy
| Effective Date: | December 3, 1976 |
| Last Review Date: | September 10, 2021 |
| Next Scheduled Review Date: | September 2026 |
Within established personnel policies and practices, purchasing policies and practices, external contract bidding procedures, and restrictions applicable to revolving funds, the Senior Vice President, Chief Financial Officer and Treasurer has authority to expend funds from accounts for those purposes for which such accounts are established, but remains responsible for providing adequate controls over such accounts to protect the fiscal integrity of the University.
Extraordinary expenditures will be reported to the Board at its next regularly scheduled meeting.
Enacted: December 3, 1976
Amended: December 2, 1983
January 25, 2013
September 10, 2021
Retired Policy No. 05-07-02
Disclaimer: The additional links, resources, and references provided below are for informational purposes only and are not part of this Board of Trustees policy. They are intended to supplement understanding and provide context. Always refer to the most current and official version of the board policy for authoritative direction.