College Authorized Signatories
Section: | 400 |
Section Title: | Administration and Finance |
Policy Number: | 401 |
Policy Name: | College Authorized Signatories |
Approval Authority: | Board of Trustees |
Responsible Executive: | President |
Responsible Unit: | Office of the President |
Date Adopted: | September 12,1990 |
Date Revised: | April 10, 1991, July 21, 1993, June 7, 1995, August 1, 1996, February 26, 2007, August 1, 2013, January 2014, April 2017, January 2023* |
Policy
*Nonsubstantive amendments to policy
Policy
The following individuals are certified by the Board of Trustees as authorized signatories for College banking transactions:
- President
- Vice President for Fiscal Health
- Vice President for Operational and Administrative Integration
- Controller
The Recording Secretary of the Board of Trustees is authorized to execute and seal documents required by the financial institutions as certification of this approval.
Reason for Policy
The College needs to have a reasonable number of employees designated to transact banking business in the event that manual signatures are required.
To Whom Does the Policy Apply
Designated signatories for College bank accounts.
Related Documents
Contacts
Office of the President