Legislation Details

File #: 23-139   
Type: UTA Policy Status: Passed
In control: Board of Trustees
On agenda: 4/12/2023 Final action: 4/12/2023
Title: UTA Policy - UTA.02.01 Spending Authority
Indexes: Governance - Policies and Procedures
Code sections: UTA-2.01 - UTA Policy 2.01 - Spending Authority
Attachments: 1. UTA.02.01 Spending Authority UTA Policy
Related files: 25-502, 25-503, 21-479

TO:                

Board of Trustees

THROUGH:  

Jay Fox, Executive Director

FROM:          

Bill Greene, Chief Financial Officer

PRESENTER(S):

Bill Greene, Chief Financial Officer

 

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