Purchasing Authority Thresholds (from July 17, 2023)
(Justin/Jen - I moved this under Purchasing Policies & Procedures heading)
...
President
...
1
...
- Any operating budget expenditures included in the annual operating budget approved by the Board of Trustees.
- Any amount for institutional contracts with designated funding source.
- Any amount for capital projects as long as any projects greater than $250,000 have prior approval by the Board of Trustees (or assigned Committee) as required by policy.
...
VP Business and Finance
...
2
...
- Up to $150,000 for operating budget expenditures included in the annual budget approved by the Board of Trustees.
- Up to $250,000 for institutional contracts and capital projects with designated funding source.
- Up to $500,000 for Board of Trustees approved capital projects.
...
Provost/CAO/Other VPs/Asst Provosts
...
3
...
Up to $75,000
...
Direct reports to Provost/CAO/VPs/Asst Provosts
...
4
...
Up to $50,000
...
Named positions listed below reporting to Level 4
...
5
...
Up to $10,000
...
Named positions listed below reporting to Level 5
...
6
...
Up to $5,000
...
Named positions listed below (other roles determined to require purchasing authority)
...
7
...
Up to $2,000
Current Purchasing Authority Thresholds are attached: Purchasing Authority Levels - Updated 3.20.24
No exceptions for any roles are allowed.
...
| Include Page | ||||
|---|---|---|---|---|
|