E. Equipment Lease Agreements Equipment lease agreements are negotiated by the Purchasing Department with assistance from the using department as required. Other college departments are expressly prohibited from entering into equipment lease agreements independently. For equipment purchases - May 1. 2. For current expense purchases - June 1. Travel is not included.
Current expense purchases through the Bookstore are allowable.
Placed in the College's contingency fund. Saved to be added to the next year's budget. Spent to meet the unmet priorities in the current year. A combination of one or more of the above. It is the responsibility of the person making the purchase to inform the vendor that the College is tax exempt according to the State Regulation 23.