Accounting Policies (APPL07)
Accounting Policies
POLICY TITLE: | Use of Draft Vouchers | POLICY NUMBER: | APPL 07 |
DATE ISSUED: | February, 1993 | DATE REVISED: | July 1, 1997 |
Draft vouchers are only to be used for small, high volume transactions such as research volunteer stipends, patient refunds, and dorm and class deposit refunds. They cannot be used for stipend payments to employees or vendor purchases. The vouchers are valid for payments of $250 or less, with certain pre-arranged exceptions approved in advance by an Accounting Services Manager or a Shared Services Senior Financial Director. All other payments must be processed on a Direct Pay Request form. Use of draft vouchers requires the prior approval of the Controller's Office and, where restricted funds are involved, Grants Administration.
