KENTUCKY STATE UNIVERSITY BOARD OF REGENTS
ACTION ITEM 9R
ACTION ITEM:
Approval of Policy Rescission – Authorized Signature Policy.
FACTS:
On June 3, 2021, the Kentucky State University Board of Regents approved an Authorized Signature Policy that not only required all agreements to be signed with a “wet” signature, but the Authorized Signature Policy also granted authority to University personnel to obligate Kentucky State University for expenditures that were $5,000 or less.
By rescinding the Authorized Signature Policy, Kentucky State University will improve the efficiency of University operations.
BUDGETARY IMPLICATIONS:
By rescinding the Authorized Signature Policy, Kentucky State University will also increase operational control over spending and the budget.
RECOMMENDATION:
Interim President Ronald A. Johnson recommends that the Kentucky State University Board of Regents approve the recession of the Authorized Signature Policy.
MOTION:
Rescind the Authorized Signature Policy.
Finance and Administration