Capital expenditures are purchases for long-term assets such as equipment, building, or land.
The Sections Board requires sections to obtain approval before taking any action that could impose financial obligations upon future governing boards. Such actions include employment of paid secretaries, officers or assistants, rental of office space, affiliation with other organizations, etc. However, SAE hopes that sections would seek out organizations or schools that are in need of lower end machines or equipment and donate this equipment. Since SAE is tax exempt, there is no tax write off considerations on donated equipment. Sections should also contact Carol Everly of Sections to notify that the section has disposed of this equipment.