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Policies and Procedures - Finance |
3.3 Capital Budget - approved 9/6/96 -
The IEEE Communications Society Capital Budget Procedures shall conform to the IEEE Policies and Procedures paragraphs 11.11 and 11.13 (excerpts attached). The ComSoc Capital Budget shall be submitted by the ComSoc Treasurer to the IEEE-TAB with the Operating Budget each year. To accomplish this the following procedures should be followed.
- Capital budget funding (consisting of items whose value exceeds $1,000) for each department must be submitted to the Treasurer by May 1 of each year for inclusion in the capital budget for the subsequent year.
- Any capital budget item, which will be purchased, whose value exceeds $2,000 must be separately identified.
- Any items whose value is less than $1,000 shall be treated as an expense item and included in the appropriate operating budget.
- Major changes in levels of capital budget expenditures should be detailed as to content and reason for the change. In these cases, five year levels should be included - three past years, present and one future year.
- Procedures for the ComSoc staff organization shall be developed by the Executive Director for adherence to these procedures.
- The Executive Director shall develop the capital budget annually and, with the concurrence of the President, shall submit it with the expense budget.
- The capital budget shall be developed on the same time line as the expense budget.
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