FROM: Amy McInerny, Chief Financial Officer
SUBJECT: Administration Policy No. 013 (Expenditure Budget Approval)
RECOMMENDATION:
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Approve and adopt updates to Administration Policy No. 013 (Expenditure Budget Approval).
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BACKGROUND:
General Policy No. 005 involves the periodic review of Board Policies and indicates that the Administrative Committee shall review administration policies every three years.
Pursuant to General Policy No. 005, staff has conducted a review of Administration Policy No. 013 (Expenditure Budget Approval) and has found it both consistent with current practice and appropriate for SBCERA's program. Staff is therefore recommending renewal of Administration Policy No. 013 without change.
COMMITTEE REVIEW:
This item was reviewed by the Administrative Committee at its meeting on July 18, 2024, and recommends Board approval with a 4-0 vote.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Operational Excellence & Efficiency
STAFF CONTACT:
Amy McInerny
ATTACHMENTS:
Exhibit A: Administration Policy No. 013 (Expenditure Budget Approval)