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Board adopts updated purchasing authorization policy setting $150,000 approval threshold
Summary
The Vancouver School District Board approved revisions to Policy 62-10 to raise the threshold for board approval of expenditures and set review triggers for continuing contracts; the board also approved minutes and a purchase-and-sale agreement on the consent agenda.
The Vancouver School District Board of Directors voted unanimously Monday to adopt revisions to Policy 62-10, updating financial oversight thresholds and review criteria for contracts.
Chief business officer Mr. Richmond presented the revisions, telling the board the updates “set the threshold for board approval of expenditures and new contracts at a hundred and $50,000, and [set]…
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