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Policy number Policy name Policy date Sunset date
AP 25-A EXCOM Expenditure of Funds Policy 7/1/2000 10/7/2005
Section
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Policy source
Policy text
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.
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

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