Resolution:Spending authorization

Whereas the Board has not approved a budget for the period beginning 1-Jan-06 and there are expenditures that must be made to keep the Foundation operating, the Board hereby resolves that:


 * 1) The Treasurer is authorized to pay the usual and customary expenditures of the Foundation provided that the expenditures are not materially different than last quarter's expenditures,
 * 2) The Board ratifies their approval of the usual and customary payroll expenditure made on 15-Jan-06,
 * 3) The Treasurer will notify the Board and wait for Board approval before paying any significant and unusual expenditures or any single expenditure greater than $15,000.

Board approves by written vote.