600 Finance Policies


Title	610 Salaries, Payments, and Fees
Rationale	The Board has a need to review and stay current with salaries, payments, and fees referenced in ITEC board policy.
Policy	A schedule of fees, salaries, and payments will be maintained as an addendum to Board Policy and reviewed annually at the first meeting of the year.
Adopted	11/2/92
Reviewed	2/22/08
Revised
Budget References
References	Schedule of Salaries, Payments, and Fees; Calendar of Events
Title	620 Purchase of Office Supplies
Rationale	The ITEC Board should establish procedures for purchase of supplies for Board Members and compensated employees made on behalf of the organization.
Policy	The Board will establish a line item for supplies on an annual basis. All compensated employees who have requests for reasonable purchases should submit such requests to the executive secretary. If the cost of an item(s) exceeds $100, it will need Board approval.
Adopted	11/2/99
Reviewed	2/22/08
Revised
Budget References	50-611
References	Schedule of Salaries, Payments, and Fees
Title	630 Sunshine Account
Rationale	The Board will extend condolences and tokens of appreciation to Board members, compensated employees, or others who have had a positive impact on the organization.
Policy	The Executive Director, President, or designee will make expressions of condolences or appreciation when appropriate on behalf of the organization.
Adopted	11/2/99
Reviewed	2/22/08
Revised	2/22/08
Budget References	10-888
References	Schedule of Salaries, Payments, and Fees
Title	640 Review of Budget Rationale
Rationale	The Board has a need to review the organization budget on an annual basis.
Policy	The executive director and president will develop the annual budget to be approved by the board within the first quarter of the year, following receipt of proceeds from the previous year's conference.
Adopted	11/2/99
Reviewed	2/22/08
Revised	2/22/08
Budget References
References