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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Bill Greene, Chief Financial Officer |
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PRESENTER(S): |
Bill Greene, Chief Financial Officer |
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|
Todd Mills, Director of Supply Chain |
TITLE:
title
UTA Policy - UTA.02.01 Spending Authority
end
AGENDA ITEM TYPE:
UTA Policy
RECOMMENDATION:
Adopt UTA Policy UTA.02.01 Spending Authority Policy with proposed edits as detailed below.
BACKGROUND:
The last revision to this policy was made on February 23, 2022.
DISCUSSION:
UTA Policy UTA.02.01 Spending Authority Policy will be updated with the following changes:
• The requisition approval levels below have been changed to help streamline the process and reduce the time to procure a product or service.
• Requisitions $200,000 or more used to require the Executive Director’s approval. This has been changed to only require the department’s Director and Chief Officer’s approval.
• Requisitions for Capital Development, Capital Construction, and Capital Asset departments 3700, 6800, or 6820 only require Project Manager and Director approvals.
ALTERNATIVES:
If this policy update is not adopted, the current UTA.02.01 Spending Authority policy would remain in effect without the proposed updates above.
FISCAL IMPACT:
N/A
ATTACHMENTS:
UTA.02.01 Spending Authority