300-24 Disbursements

300-24 Disbursements

Effective Date: 8/1/95 (revised 2/1/97)
Office of Origin: Budget and Finance--Accounting

I. Purpose

This policy outlines documentation, authorization, and processing requirements for non-payroll disbursements made through Accounting--Accounts Payable.


II. Definitions

Check request: an official University form used to initiate certain payments. The general purpose form is Form U5, Check Request (Non-Payroll), or simply Form 5. Variations of this form have been developed for special purposes (e.g., Form U5/G-2, Check Request for Entertainment/Meeting Expenses).

Disbursement: an issuance of a check in payment of goods or services received by or rendered to the University.

Free On Board (F.O.B.) Point: an element of a purchase order. The F.O.B. point (origin or destination) determines where responsibility for the goods or liability for the freight charges transfer from the seller to the buyer.

III. Policy


IV. Responsibility


V. Related Policies


VI. References