Finance

This policy and its procedures are intended to provide a framework for where capital expenditure is used to renew, improve, and attain new assets to enable the College to achieve its strategic objectives and support the delivery of services, including:

• dealing with maintenance, property capital development and improvements;
• ​plant and equipment improvements;
• technology improvements; and
• other specific projects which, in general, total $10,000 or...

The purpose of this policy is to ensure that Corporate Cards are:

• issued appropriately;
• used solely for legitimate College business; and
• properly approved, documented, acquitted, and reviewed.

This policy applies to both Melbourne School of Theology and Eastern College Australia (the Colleges).

All finance transactions as noted in this policy are to be authorised by the noted authorised person prior to the transaction being undertaken.
This policy is to be read in conjunction with other specific finance policies where relevant.