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Report ID: 21-422   
Type: Consent
Meeting Body: Board of Directors - Regular Meeting
Meeting Date: 9/22/2021 Final action: 9/22/2021
Recommended Action: Consider review of Board Policy No. 352 - Payment of Expenditures: Signature Authorization with no amendments.
Attachments: 1. STAFF REPORT, 2. Att.1. Board Policy 352 - Signature Authorization, 3. Master Minute Order

TO:                     AC Transit Board of Directors                                          

FROM:                                             Michael A. Hursh, General Manager

SUBJECT:                     BP 352 - Payment of Expenditures: Signature Authorization                                          

 

BRIEFING ITEM


RECOMMENDED ACTION(S):

 

Title

Consider review of Board Policy No.  352 - Payment of Expenditures: Signature Authorization with no amendments.

Body

 

STRATEGIC IMPORTANCE:

 

Goal - Financial Stability and Resiliency

Initiative - Financial Efficiency and Revenue Maximization

 

Financial policies shall be reviewed on a routine basis.

 

BUDGETARY/FISCAL IMPACT:

 

There is no budgetary or fiscal impact associated with this report.

 

BACKGROUND/RATIONALE:

 

The applicable policy documents are attached for reference.  Staff has reviewed the policy and has determined that no amendments are required.

 

ADVANTAGES/DISADVANTAGES:

 

This report does not recommend a course of action with notable advantages or disadvantages.

 

ALTERNATIVES ANALYSIS:

 

Staff found no practical alternatives to the course of action recommended in this report.

 

PRIOR RELEVANT BOARD ACTION/POLICIES:

 

None

 

ATTACHMENTS:

 

1.                     Board Policy No. 352

 

Prepared by:

Sue Lee, Director of Revenue Management

 

Approved/Reviewed by:

Chris Andrichak, Chief Financial Officer

Jill A. Sprague, General Counsel