ORIGINAL: January 2003 LAST REVISED: July 2011 REVISION DATE: January 2016
DOCUMENT CONTENT
I. Purpose
The purpose of this policy is to define a procedure for handling requisitions with accounts that have insufficient funds.
II. Procedure
If a requisition is received for encumbrance against a state account with insufficient funds, Purchasing will forward the requisition to Accounting and the department will be notified.
If funds are not available and will not become available in the near future, the requisition will be returned to the department.
If funds are temporarily not available, but are forthcoming, the requisition will be held in Purchasing until funding becomes available.