Agenda Item No. V. A. 2.

Washburn University Board of Regents





SUBJECT: Report of Purchases between $25,001 and $50,000



BACKGROUND:



At the March 8, 2001 Board of Regents Budget and Finance Committee meeting, the administration presented an item for discussion to increase the Board expenditure approval limit from $25,000 to $50,000. The increase was approved by the Board of Regents at its May 9, 2001 meeting.



DESCRIPTION:



In compliance with that approval and to ensure the Board fully complies with its fiduciary responsibilities, the Board of Regents requested all items approved by the administration between $25,001 and $50,000 be listed each month and included for ratification as a Consent Agenda item.







FINANCIAL IMPLICATIONS:



These expenditures are in line with current year budgets.



RECOMMENDATION:



President Farley recommends the Board of Regents ratify the attached procurements.





_________________ __________________________

(date) Jerry B. Farley, President



Description Vendor Amount



Remodel Kansas Room in Florence General Contractor $39,910.00

Memorial Union

Competitively bid

Two bids received, award to

lowest-price bid.



Monument Sign Creative Signs, Inc. $26,325.00

Washburn Student

Government Association

Competitively bid

Three bids received, award to

lowest-price bid meeting

specifications.


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