Policies/Financial/Draft-01

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State

Policy rejected\withdrawn, see member list archives for details.

Summary

This draft is for a new policy to be added to the Policies/Financial

Facilities Committee Policies

  • When a purchase is
    • For the repair of property owned by Makers Local 256, or
    • When a purchase is for the repair of a facility managed by Makers Local 256 and within the right-to-repair agreement with the property Owner,
  • When the Treasurer has confirmed there is enough funds in the Facilities earmark to cover the cost of the purchase, and
  • When the amount of the purchase is at or under $500, and
  • When the Facilities Director has provided documented approval of the purchase,
  • The Facilities Committee may make purchases on behalf of the organization that are pre-approved for reimbursement from Makers Local 256 up to $500.

Not-Part-of-the-Policy Clarifications

  • If it's over $500 or needs to come from a fund other than facilities, or doesn't fit any of the above, a whole board vote is required with a simple majority.
  • This is an amendment to the Facilities director fancy hat, so it shouldn't require a bylaws change since there is nothing there about spending.