The Finance Committee of the Board of Control will review, as part of the review of the audited financial statements, all non-mandatory transfers in excess of $500,000 that have not been approved as part of the annual operating budget. Non-mandatory transfers from $25,000 to $200,000 shall be approved by the Treasurer, and non-mandatory transfers above $200,000 shall be approved by both the Treasurer and the President of the University. All transfers in and out of the retirement reserve accounts must be approved by the Board of Control.
| History | ||
| Prior: | 07/16/93 09/24/93 07/21/95 |
added retirement reserve accounts restriction clarified approval process |
| Adopted: | 09/24/99 | changed approval to review by the Finance Committee of the Board and all non-mandatory transfers above $200,000 shall be approved by the Treasurer and President |