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Agenda Item (VI-B-8-a)

Meeting4/18/2017 - Regular
Agenda ItemConsent Agenda Action (VI-B-8-a)
SubjectResolution No. 47-16/17 - Authorization to Encumber Funds
College/DistrictDistrict
Funding
Various Resources
Recommended ActionIt is recommended that the Board of Trustees approve Resolution No. 47-16/17 - Authorization to Encumber Funds.

Background Narrative:


In order to issue purchases orders and encumber funds prior to July 1, for fiscal year 2017-2018, the Riverside County Office of Education annually requests that a resolution be adopted by the Board of Trustees. This resolution will allow: 1) departments to submit FY 2017-2018 purchase requisitions now; 2) FY 2017-2018 purchase orders to be issued in mid-June; and 3) departments to receive goods and services as early as July 1, 2017.
Prepared By: Aaron Brown, Vice Chancellor, Business and Financial Services
 Majd Askar, Director of Business Services