Accounting Policies (APPL14)
Accounting Policies
POLICY TITLE: | Purchase of Gift Certificates | POLICY NUMBER: | APPL 14 |
DATE ISSUED: | February, 2003 | DATE REVISED: |
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Part of the mission of all Creighton employees is the responsible stewardship of University resources, which includes safeguarding of University assets. Appropriate procedures are currently in place to monitor and control the distribution of cash (see GNPL 01 and GNPL 02), University checks (see APPL 09) and draft vouchers (see APPL 07). Gift certificates are the equivalent of signed checks with no defined payee listed, and the risk to the University of theft, misappropriation or other misuse is very high. Because of this, the purchase of gift certificates for any purpose is not allowed. This includes purchases using Purchase Orders, Direct Pay Requests (DPR's), departmental VISA cards, or the reimbursement of employees who use personal funds to purchase the gift certificates.
