1 Governing Board Bond Approvals April 25, 2013 Michael E Finn

Less than $1,000 requires site administrator approval only Greater than $1,000 but less than $5,000 requires addition approval of next level administrator Greater than $5,000 but less than $250,000 requires additional approval of Deputy Superintendent or CFO Greater than $250,000 requires additional approval of Superintendent 2 Current Purchase Order Work Flow

Continue to use the work flow approval up to $1,000,000 Add Governing Board approval for planned projects totaling in excess of $1,000,000 – Would be placed on the agenda for vote – Would apply to planned projects and not emergency situations (e.g. chiller plant fails) 3 Proposed Bond Spending Authorization

QUESTIONS 4