AR 6100: Delegation of Authority, Business and Fiscal Affairs

The vice president of finance and administration is delegated authority from the college president to supervise budget preparation and management; oversee fiscal management of the college, including acting as a custodian of funds; and contract for, purchase, sell, lease, or license real and personal property, in accordance with board policy and law. Responsibility for the development of internal policies and regulations consistent with the provision of this regulation remains with the associate vice president of financial and auxiliary services. This delegated authority is subject to the condition that certain of these transactions be submitted to the college president for review and approval from time to time as determined by the college president.

When transactions do not exceed the dollar limits established pertaining to the taking of competitive bids, the vice president of finance and administration may contract for goods, services, equipment, and rental of facilities so long as the transactions comply with law and any limitations or requirements set forth therein. Furthermore, the vice president of finance and administration may amend the terms and conditions of any contractual arrangement so long as the total expenditure of funds and period of the contract do not exceed the limitations set forth in applicable law or regulation.

Approved: 9/5/2023
Revised:
References:

• ORS 341.290
• ORS 341.703 (Custodian of Funds)
• ORS 294.331 (Budget Officer)