Financial Authorization and Signature Policy

Overview

Scope of Policy

Responsibilities

Definitions

Authorizations / Required Signatures

Additional Reviews

Financial Authorization and Signature Policy

Authorizations / Required Signatures

This policy outlines the highest level of authorization and signature required for various types of financial transactions including:

• Non-Capital purchases (i.e., supplies)
• Capital purchases (i.e., equipment, fixed assests)
• Construction—Capital non-CON projects
• Physician practice acquisitions
• Contracts (services, consultants)
• Real Estate (acquisitions and dispositions)
• Leases
• Checks (second signature)
• Investments
• Bank accounts
• Debt
• Electronic funds transfers
• Research grant proposals