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

Cooling Tower McElroy's Inc. $49,567.00

Replacement at

Henderson Learning Center

Competitively bid, three bids

received, award to lowest-price

bid.

Facilities Services Project #C04051

Prefabricated Roof System Beacon Ballfields $25,100.00

for dugouts at Softball Complex

Facilities Services Project #C04030