Capital Projects

Policy Owner: Office of the President

Policy Statement:

In consideration of the scope of capital projects and in compliance with MATC Board of Directors policies it is imperative that all major projects, other than those which are part of an established educational program, be approved and monitored by the MATC Board of Directors (hereafter may be referred to as Board).  Nothing in this policy is intended to override or modify the College’s capitalization policy established for financial reporting purposes.

Policy Rational:

The authorization and oversight of MATC funds for any individual expenditure or project in excess of $25,000 are the responsibility of the Board.