Minor/Maintenance Project Expense Policy
Established April 16, 2000
Every project, when funded, will include a minor/maintenance expense allowance.
- Such allowance will be stated as a percentage of the amount funded or as a dollar amount for the life of the
project or as an annual dollar amount. Such allowance can be reviewed and amended by the Board during
the life of the project. Such allowance is automatically renewed each year if stated as an annual allowance.
- Such allowance will be treated as a Petty Cash account, whereby receipts are required but no Board review
of expenses occurs, unless otherwise stated by the Board.
- The Project Manager of each project so funded will make the determination on how such a
minor/maintenance allowance shall be spent. Unless otherwise established for a project, the Project
Manager of all corporate projects is the President, who operates as the Chief Executive Officer.