Relating to the amount of an expenditure that may be paid by an emergency services district employee without board approval.

Contracts

• Vendor MSAs: Review Master Service Agreements. Remove "Subject to Board Approval" clauses for purchases under $50,000 to facilitate faster payment terms (e.g., moving from Net-45 to Net-30).
• Employment Agreements: Update contracts for District Administrators and Fire Chiefs. Explicitly define the $50,000 signing authority and the specific consequences for exceeding this limit without board consent.

Hiring/Training

• Fidelity Bonding (CRITICAL): The statute conditions this authority on the employee executing a bond "in an amount equal to the amount required for the district treasurer." You must increase the bond coverage for any employee granted this authority to match the treasurer's bond or the new expenditure limit, whichever is higher.
• Internal Controls: Train Accounts Payable staff to reset approval triggers in financial software from $2,000 to $50,000.

Reporting & Record-Keeping

• Board Resolutions: Draft and execute a specific resolution adopting the $50,000 limit. Relying solely on the statute is insufficient for governance purposes.
• Ratification Logs: Implement a monthly "Ratification Report" for the Board to retroactively review all staff-approved expenditures between $2,001 and $50,000.
• Audit Trails: Configure financial software to detect "structuring" (splitting invoices to bypass the $50,000 cap).

Fees & Costs

• Insurance Premiums: Anticipate a minor increase in premiums associated with raising the fidelity bond coverage limits for authorized signatories.