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President and CEO, or designate, shall approve capital expenditures for furniture, equipment and minor renovations within the approved budget. (September 13, 1982)
Board approval must occur for all capital expenditures for furniture, equipment and renovations which have not been budgeted. (September 13, 1982)
President and CEO, or designate, shall lease or purchase office equipment as per the current budget. Capital purchases, not approved in the budget and exceeding $10,000 in cost, are to be approved by Board motion.
An equipment replacement fund shall be maintained and its adequacy evaluated as part of the budget preparation and review.
President and CEO, or designate, shall be authorized to dispose of surplus assets utilizing the following priority list:
The salvage value shall be determined by Management. (October 18, 1995)