Number: 3.622
Title: Authorized Signatures
Effective date: March 2015
Supersedes: 3.622, Authorized Signatures
Dated: November 2014
Purpose
To state those Board and Administration positions having signature authority relative to receipts and expenditures on behalf of the school.
Policy
1. All income, whether in the form of cash, checks or bank transfers, shall be properly recorded.
2. All expenditure must either conform to budget or be properly authorized according to policy 3.621.
3. Any two of the following persons are authorized to co-sign for bank transfers: the Head of School, the Accountant, the Business Manager, the Board Chair, Vice Chair, Treasurer and Board Secretary. The Board Treasurer or in his absence one of the other Board officers will give written approval via email for all individual item expenditures over €50,000, other than payroll and social security payments.
Cross-Reference: