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College Authorized Signatories

Section:400
Section Title:Administration and Finance
Policy Number:401
Policy Name:College Authorized Signatories
Approval Authority:Board of Trustees
College Policy Executive:Chief Planning Officer
Responsible Executive:President
Responsible Unit:Office of the President
Date Adopted:September 12,1990
Date Revised:April 10, 1991, July 21, 1993, June 7, 1995, August 1, 1996, February 26, 2007, August 1, 2013, January 2014, April 2017

Policy

Policy

The following individuals are certified by the Board of Trustees as authorized signatories for College banking transactions:

  • President
  • Vice President for Administration and Finance
  • Controller

The Secretary of the Board of Trustees is authorized to execute and seal documents required by the financial institutions as certification of this approval.

Reason for Policy

The College needs to have a reasonable number of employees designated to transact banking business in the event that manual signatures are required.

To Whom Does the Policy Apply

Designated signatories for College bank accounts.

Related Documents

Resolution Approving Updates to College Signatories Policy 401

Contacts

President
(201) 684-7610