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Board authorizes financial and purchasing powers for Business Administrator, approves state-contract purchasing
Summary
The board authorized the Business Administrator to make transfers, execute payments between meetings, invest idle funds, and to use state contract vendors; it also confirmed bid thresholds and purchasing agent authority.
The Alexandria Township Board authorized a set of financial and procurement delegations for the 2025–2026 school year. The board granted the Business Administrator authority, in consultation with the Superintendent, to make necessary account transfers and to remit electronic bill payments between meetings for contractual or time-sensitive obligations. The board also authorized investment of idle funds in authorized New Jersey banks and confirmed its purchasing agent's authority to award contracts up to the statutory bid threshold ($39,000) and related percentage thresholds.
The board resolved to use state contracts (pursuant to N.J.S.A. 18A:18A-10) where practical, and designated Citizens Bank as the depository of record for district accounts. The minutes record these authorizations as part of the reorganization motions approved by roll call.
