# 2.4.4 Contracts, Debt and Investments

#### 2.4.4.1 Contracts

- The Senior Minister may delegate authority to staff to sign contracts up to $25,000.
- The Senior Minister may enter into contracts up to $100,000 or up to two years in length.
- Contracts exceeding $100,000 or longer than two years require Board approval.

#### 2.4.4.2 Debt

- Board approval is required for the refinancing of existing debt.
- The congregation must approve any new debt that will be retained beyond a single fiscal year.