Policy 8002 — Expenditures from Departmental Endowment and Special Purpose Funds | Mount Allison

Policy 8002 — Expenditures from Departmental Endowment and Special Purpose Funds

Policy section:
Section 8000-8099 Signing Authorizations
Policy number:
8002
Subject:
Expenditures from Departmental Endowment and Special Purpose Funds
Group:
Institutional
Approved By:
The President
Approved date:
October 10, 2000
Effective date:
October 10, 2000
Revised:
December 1, 2012
Administered by:
Vice-President (Administration)

1 — APPLICATION

This policy applies to all requests for expenditure from academic departmental endowment and special purpose funds

2 — POLICY

2.1 All expenditures in excess of $5,000 from funds covered by this policy must be approved by the appropriate dean.

2.2 The Controller has the discretion to require the approval of the appropriate dean for expenditures under $5,000.

2.3 The dean's approval signifies that the expenditure is in accordance with the terms of the fund and is appropriate given the requirements of the department.