SUBJECT: Report of Purchases between $25,001 and $50,000
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.
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.
These expenditures are in line with current year budgets.
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
Sole source purchase required
for compatibility with existing
MBS system utilized by the