| This Policy is No Longer Active. | |||
| Policy number | Policy name | Policy date | Sunset date |
|---|---|---|---|
| AP 25-A | EXCOM Expenditure of Funds Policy | 7/1/2000 | 10/7/2005 |
| Section No section assigned |
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| Policy source | |||
| Policy text | |||
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The AAPM EXCOM is authorized to make decisions involving expenditures of funds without the prior approval of the AAPM Board of Directors under the following circumstances:
• The mechanism shall be used when time constraints or other considerations prevent the use of conventional mechanisms of the Board. • Individual actions shall involve expenditures amounting to no more than 0.5% of the annual budget (Budget $5,000,000 @ .005 = $25,000) • The aggregate expenditures committed annually by this mechanism shall amount to no more than 2.5% of the budget. ($5,000,000 @ .025 = $125,000 • Recurring expenditures are to be referred to the Board. • EXCOM decisions are to be sensitive politically and professionally, and must consider societal impact. • Such financial decisions shall require a 4/5 vote of EXCOM. • EXCOM shall make an effort to notify and consult with appropriate committees. • EXCOM shall notify the Board every quarter of such expenditures. |
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| Items related to this Policy | ||||
| Policy number | Policy name | Policy date | Sunset date | Active? |
|---|---|---|---|---|
| AP 80 | Authority to Approve Non-budgeted Expenditures | 11/16/2023 | 12/31/2028 | Active |
| Policy version history | ||||
| Policy number | Policy name | Policy date | Sunset date | Active? |
|---|---|---|---|---|
| AP 25-A | EXCOM Expenditure of Funds Policy | 7/1/2000 | 10/7/2005 | Inactive |
| AP 25-B | EXCOM Expenditure of Funds Policy | 10/8/2005 | 10/6/2010 | Inactive |
| AP 25-C | EXCOM Expenditure of Funds Policy | 10/7/2010 | 10/12/2015 | Inactive |
| AP 25-D | EXCOM Expenditure of Funds Policy | 10/13/2015 | 12/31/2025 | Active |