PURPOSE: To provide guidelines for administering TTC's Capital Plant fund.
- The Area Commission is responsible for approving all transfers into and out of the Capital Plant fund.
- The Area Commission may give prior blanket approval for expenditures of a recurring nature.
- The Area Commission will document approvals regarding Capital Plant fund activities in the minutes of the Area Commission meetings. These minutes will be kept in the office of the President as official records.
- The Vice President for Finance and Administration will provide an accounting of these activities to the Area Commission when appropriate, but not less than annually.