Financial Authorization and Signature Policy
Overview
Scope of Policy
Responsibilities
Definitions
Authorizations / Required Signatures
Additional Reviews
Financial Authorization and Signature Policy
Additional Reviews
Leases and Contracts
- All non-standard modifications and terms must be reviewed with the Office of Counsel.
- All financing options and lease terms must be reviewed with the Treasury Manager.
Construction
- All construction projects and contracts must be reviewed with Facilities Planning and Project Management Office.
- Any project on University property which affects traffic patterns, facilities master plans, or related development plans, land use or the exterior appearance of University land or buildings must be reviewed with and approved by the Facilities Committee of the Board of Trustees.
- Any significant projects affecting the items noted in the bullet above must be reviewed with and approved by the Executive Committee of the Board of Trustees.
Information Technology
- All information technology should be purchased through Purchasing in consultation with the respective Information Technology department.
Insurance Requirements
- Consultation with the Director of Risk Management in the Office of Counsel.
Major Central Administration Projects
- Projects greater than $5.0M that have high visibility and/or impact faculty or need faculty expertise should be reviewed with the Faculty Budget Committee.
- All major projects that would have a material impact on the Division's operating budgets should be reviewed with Division management.
Technology Transfer Agreements
- In addition to normal technology transfer approvals, technology transfer agreements that would impact the Central Administrative processes or finances of the University should be reviewed with the University Sr. VP & CFO.
