Approval and Purchasing of Property

  1. Recommendations of approval from the Senior Administration will be forwarded to the Foundation Chief Financial Officer for presentation, at the appropriate time, to the Foundation Executive Committee.
  2. Purchases approved by the Executive Committee will be coordinated with the appropriate Senior Vice President Office and administered by the Foundation Chief Financial Officer with appropriate assistance from legal counsel.
  3. After the purchase is completed, the programs will be administered by the appropriate academic unit with approval of the Provost.
  4. The annual financial reports and budget for the property will be prepared by Foundation staff for review and approval by the Foundation Finance Committee.
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