Resolution:Delegations of Financial and Spending Authority: Difference between revisions
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|title = Delegations of Financial and Spending Authority |
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Dated: July 11, 2012 |
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|notes = This resolution approving the delegation of banking authority was unanimously approved, in-person on July 11, 2012. |
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The Board of Trustees unanimously resolved that: |
The Board of Trustees unanimously resolved that: |
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* All delegations of authority granted in the foregoing resolutions are limited by the quarterly budget totals as set forth in Quarterly Plan as approved by the Board, which retains the right to alter spending authority limits required. |
* All delegations of authority granted in the foregoing resolutions are limited by the quarterly budget totals as set forth in Quarterly Plan as approved by the Board, which retains the right to alter spending authority limits required. |
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;Approve: Phoebe Ayers, Ting Chen, Bishakha Datta, Matt Halprin, Samuel Klein, Arne Klempert, Jan-Bart de Vreede, Jimmy Wales, Kat Walsh, Stu West |
Revision as of 10:33, 20 July 2012
This proposal has been approved by the Wikimedia Foundation Board of Trustees. It may not be circumvented, eroded, or ignored by Wikimedia Foundation officers or staff nor local policies of any Wikimedia project. Please note that in the event of any differences in meaning or interpretation between the original English version of this content and a translation, the original English version takes precedence. |
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This resolution approving the delegation of banking authority was unanimously approved, in-person on July 11, 2012. |
The Board of Trustees unanimously resolved that:
- The Executive Director, subject to the quarterly total spending as set forth in the Quarterly Breakdown of Annual Plan (Quarterly Plan) approved by the Board of Trustees (Board) and exercising all necessary due diligence and care, is individually authorized by this delegation to obligate the funds of the Wikimedia Foundation (WMF), to execute agreements reflecting those obligations, and to further delegate this authority as deemed appropriate, up to and including the limits set forth below per transaction, such limit shall include integrated or related transactions.
- The Executive Director, in conjunction with either the Deputy Director or the Chief of Finance and Administration may jointly authorize spending on a particular transaction (including integrated or related transactions) exceeding the limits set forth below, up to the approved Quarterly Plan.
- Any spending which exceeds the Quarterly Plan by more then 5%, must be approved in writing by either the Chairperson or Treasurer of the Board.
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Be it resolved further that:
- The Chief of Finance and Administration is authorized by this delegation to oversee and manage the WMF’s bank accounts and other financial services related accounts, such as payments processing (or similar financial institution), and to authorize the transfer of funds from one WMF account to any other WMF account, and to further delegate this authority, up to and including the limits set forth below per transaction, which includes integrated or related transactions.
- Any transfer of funds from one WMF account to any other WMF account exceeding the amounts set forth in the immediately preceding resolution must be approved in writing by or signed by the Treasurer of the Board or Chairperson of the Board.
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Be it resolved further that:
- This resolution is subject to annual review by the Board and shall be considered in effect, unless revoked by resolution of the Board.
- All delegations of authority granted in the foregoing resolutions are limited by the quarterly budget totals as set forth in Quarterly Plan as approved by the Board, which retains the right to alter spending authority limits required.
- Approve
- Phoebe Ayers, Ting Chen, Bishakha Datta, Matt Halprin, Samuel Klein, Arne Klempert, Jan-Bart de Vreede, Jimmy Wales, Kat Walsh, Stu West