Agenda Item No. V. A. 3.

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



Office Systems Furniture Design Business Interiors $39,032.77

for the new Art Building

Facilities Services Project

Competitively bid, two bids

received, award to lowest-price bid.



Point-of Sale System MBS Systems LLC $39,707.00

and installation for the

University Bookstore

Sole source purchase required

for compatibility with existing

MBS system utilized by the

University Bookstore.


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