Only individuals explicitly authorized by the Board of Directors may execute legally binding documents on behalf of LCS. Unauthorized signatures are not recognized and cannot obligate the school.

Authorized Signatories:

1. Board Chair – Authorized to sign all contracts, legal agreements, and documents requiring Board approval, including major financial commitments, property agreements, and long-term contracts.
2. Superintendent – Authorized to sign operational contracts, employment agreements, and agreements necessary for day-to-day school operations within budgetary and policy limits.
3. Executive Director / Chief Financial Officer – Authorized to sign routine financial transactions, payroll documents, vendor payments, and standard operational agreements within limits established by the Board.

Limitations:

• No individual may obligate the school beyond approved budgetary authority without explicit Board approval.
• Certain significant transactions (e.g., real estate, loans, contracts exceeding specified thresholds) require dual signatures from the Board Chair and Superintendent.

Documentation and Records:

• All signed documents must be dated, properly executed, and retained in the official records of the school in accordance with the record retention policy.
• Delegation of signing authority must be documented in writing and approved by the Board.

Revocation of Authority:

• The Board may revoke signing authority at any time.
• Individuals who leave employment or office at LCS lose all signing authority immediately.

 Failure to comply with this policy may result in disciplinary action and may render unauthorized agreements invalid.