DOCUMENT INFORMATION

Document Title

Insufficient Funds

Document Type

Bylaws
Policy Document
Procedures
Guidelines
Form

Office/Unit

Purchasing Department

Document Owner

Contact Information

Office	Name	Phone	Email

Policy Number

Purchasing Department Policy No. 113

Approval Date

January 2003

Approved by

Effective Date

January 2003

Review Date/Schedule

Revision History

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.

FAQ's

Keywords

Category(s)

Academic Affairs Advancement Financial Governance ITS	Operational Personnel School/College Student Life

Sub-Category(s)

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