The New Lenox Public Library District may spend in excess of $25,000 only after completing the formal bid process as described in Illinois Law. In case of extreme emergency, the Executive Director may spend up to $7,500 with an additional $2,500 with the approval of any two Board members so long as the amount does not exceed the threshold requiring a formal bidding process as outlined in General Policy – 308 Purchasing Policy.
The Executive Director and Assistant Director are authorized to determine the specific spending ledgers and the organization thereof, to modify or remove unnecessary ledgers, and set spending limits for each when designing a budget plan for the next fiscal year. All such budget decisions are subject to adjustment and approval by the Board of Trustees before the start of the fiscal year.
Adopted by the Board of Trustees November 14, 2011; Revised December 11, 2017