Finance

HANDBOOK F-66 REVISION

General Investment Policies and Procedures

Effective April 13, 2006, Handbook F-66, General Investment Policies and Procedures, is revised to clarify the Delegation of Approval Authority for Capital Investments and update the supporting information in exhibit 2-1.

Handbook F-66, General Investment Policies and Procedures

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2 Delegations of Approval Authority

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2-4 Delegated Authority for Capital Investments

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[Revise item 2-4b(1) to read as follows:]

(1) Area vice presidents - May approve all projects originating in their area or function with total capital investments up to $5 million (except fixed mechanization and developmental real estate projects). Field-initiated projects that cost $250,000 or more and the purchase of real property (land and buildings) and all new construction projects (including land purchases, expansions, and new construction-leased) must be presented to the area CIC for review and recommendation before being sent to the area vice president for approval. Up to 20 percent of this authority may be re-delegated in writing to subordinate managers for repairs or alterations and vehicle and other equipment projects. Any portion of this authority may be re-delegated in writing to subordinate PCES managers.

[Revise item 2-4b(2) to read as follows:]

(2) Vice president of Engineering - May approve all fixed mechanization projects up to $5 million. Up to 20 percent of this authority may be re-delegated in writing to subordinate managers for repairs, or alterations and vehicle and other equipment projects. Any portion of this authority may be re-delegated in writing to subordinate PCES managers. Fixed mechanization projects in excess of $100,000 also require the approval of the area vice president (or designee). The area vice president's signature indicates concurrence with the intent of the fixed mechanization project and with any operational impacts (if applicable), but does not include approval of funding.

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[Revise item 2-4c to read as follows:]

c. Deputy postmaster general (DPMG), chief operating officer, chief financial officer, chief marketing officer, senior vice presidents, general counsel, chief technology officer, chief postal inspector, and inspector general - May approve projects within their purview up to $7.5 million. Up to 20 percent of this authority may be re-delegated in writing to subordinate managers for repairs or alterations and vehicle and other equipment projects. Any portion of this authority may be re-delegated in writing to subordinate PCES managers.

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Exhibit 2-1 Delegations of Approval Authority

[Revise exhibit 2-1]

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We will incorporate these revisions into the next online update available on the Postal ServiceTM PolicyNet Web site:

• Go to http://blue.usps.gov.

• Under "Essential Links" in the left-hand column, click on References.

• Under "References" in the right-hand column, under "Policies," click on PolicyNet.

• Then click on HBKs.

(The direct URL for the Postal ServiceTM PolicyNet Web site is http://blue.usps.gov/cpim.)

—Capital and Program Evaluation,
Controller, 4-13-06

HANDBOOK F-66C REVISION

Field Investment Policies and Procedures

Effective April 13, 2006, Handbook F-66C, Field Investment Policies and Procedures, is revised to clarify the sponsor's responsibility for DAR modifications.

Handbook F-66C, Field Investment Policies and Procedures

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8 DAR Modification Request

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8-4 Responsibility

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8-4.1 Investment-Related Modifications

For modifications that request investment-related changes, the contracting officer or the contracting officer's representative advises the sponsor or the sponsor's representative (usually the manager of the facilities service office) of an investment change and the reasons for the change. The preparer of the DAR then prepares the DAR Modification Request following the prescribed format, revises the economic analysis and cash flow, and coordinates the necessary review and approvals. The preparer must also make sure that the sponsor has been advised of the need for a modification request.

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We will incorporate these revisions into the next online update available on the Postal ServiceTM PolicyNet Web site.

• Go to http://blue.usps.gov.

• Under "Essential Links" in the left-hand column, click on References.

• Under "References" in the right-hand column, under "Policies," click on PolicyNet.

• Then click on HBKs.

(The direct URL for the Postal Service PolicyNet Web site is http://blue.usps.gov/cpim.)

—Capital and Program Evaluation,
Controller, 4-13-06