diff --git a/policies/budget.tex b/policies/budget.tex
index c4b4220..4789a01 100644
--- a/policies/budget.tex
+++ b/policies/budget.tex
@@ -57,7 +57,7 @@ \subsection{Joint Events}
 
 \subsection{External Funding and Sponsorship}
 \begin{enumerate}
-    \item MathSoc Executives and Clubs may apply or seek funding/sponsorship from external sources to help pay for Capital Improvements, projects, or events for the Society or for a Club.
+    \item MathSoc Executives and Clubs may apply or seek funding/sponsorship from external sources to help pay for Capital Improvements, projects, or events for the Society or for a Club. All Capital Asset purchases in excess of \$3,000 must first be approved by Council prior to applying for funding from an external source, e.g. MEF or SLEF.
     \item Once the Executive or Club has received approval for funding from an Endowment or external source, they are required to perform the following steps:
     \begin{enumerate}
         \item Forward a copy of the email funding approval to Vice-President, Finance and cc Business Manager in this process. An invoice will then be generated by WUSA accounting to request the funds.