NYSSCPA Governance

NYSSCPA Contract Approval Policy
Approved by the Executive Committee
August 21, 2002

RESOLVED, that the President, the Executive Director, or the desig-nee of either one of them is hereby authorized to execute contracts on behalf of the Society under the following conditions:

If the amount of revenue or expense reasonably expected to result from such contract during the twelve-month period following the contract’s effective date is		Then the President, the Executive Director, or his or her designee may sign the contract
More than	But not more than
$0	$10,000	Without further review or authorization.
$10,000	$100,000	After a review and discussion of the contract by the president, the president-elect, and the treasurer and the approval of at least two of them.
$100,000	Unlimited	After the review and authorization by the Executive Committee or the Board of Directors.

RESOLVED, FURTHER, that any and all Society contracts shall be subject to this policy, regardless of whether the expenditures or revenues contemplated in the contract or contracts have been explicitly included in the Society’s annual budget.