POLICY NUMBER: 603
POLICY NAME: Expenditure Policy
| Effective Date: | December 3, 1976 |
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:
Retired Policy No. 05-07-02