Resolution:Spending authorization: Difference between revisions
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See also [[resolutions]]
[[Category:English]]
[[Category:Resolutions|Spending Authorization]]
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Revision as of 19:57, 26 September 2006
Whereas the Board has not approved a budget for the period beginning 1-Jan-06 and there are expenditures that must be made to keep the Foundation operating, the Board hereby resolves that:
- The Treasurer is authorized to pay the usual and customary expenditures of the Foundation provided that the expenditures are not materially different than last quarter's expenditures,
- The Board ratifies their approval of the usual and customary payroll expenditure made on 15-Jan-06,
- The Treasurer will notify the Board and wait for Board approval before paying any significant and unusual expenditures or any single expenditure greater than $15,000.
Board approves by written vote.
See also resolutions