Financial Authorization and Signature Policy
Overview
Scope of Policy
Responsibilities
Definitions
Authorizations / Required Signatures
Additional Reviews
Financial Authorization and Signature Policy
Authorizations / Required Signatures
Construction—Capital (Non-CON) Projects
| Area | Non-Medical Center | Medical Center | ||||
| Medical Center except SMH | SMH | |||||
| Construction – Capital (Non-CON) Projects | Limit | Authorization | Limit | Authorization | Limit | Authorization |
| Within approved University Capital Budget(typically approved at the May Board of Trustees meeting) | ALL | Facilities PPM Office | SAME | SAME | SAME | SAME |
| >$500K to $1.0M | Sr. VP & CFO | SAME | SAME | SAME | SAME | |
| >$1.0M to $5.0M | BOT – Facilities Committee | SAME | SAME | SAME | SAME | |
| >$5.0M | BOT – Executive Committee | SAME | SAME | SAME | SAME | |
| Unbudgeted | <$500K | Sr. VP & CFO | SAME | SAME | SAME | SAME |
| >$500K to $1.0M | BOT – Facilities Committee | SAME | SAME | SAME | SAME | |
| >$1.0M | BOT – Executive Committee | SAME | SAME | SAME | SAME | |
| Design and Consultant Contracts | >$100K | BOT – Facilities Committee | SAME | SAME | SAME | SAME |
