D-100 Delegation of Authority, Business, and Fiscal Affairs

The Vice President of Finance and College Operations/CFO is delegated authority from the President/District Director to supervise budget preparation and management; oversee fiscal management of the College; issue and retire debt and maintain compliance with debt covenants; and contract for, purchase, sell, lease, or license real and personal property, per District Board policy and law. Responsibility for developing internal policies and procedures consistent with the provision of this regulation remains with the Vice President of Finance and College Operations/CFO. This delegated authority is subject to the condition that certain of these transactions be submitted to the President/District Director for review and approval from time to time as determined by the President/District Director.

When transactions do not exceed the dollar limits established pertaining to the taking of competitive bids, the Vice President of Finance and College Operations/CFO may contract for goods, services, equipment, and rental of facilities so long as the transactions comply with the law and any limitations or requirements set forth therein. Furthermore, the Vice President of Finance and College Operations/CFO 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.