Insufficient Funds

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Last updated: Dec 14, 2021 by Admin JBB (Deactivated)

DOCUMENT INFORMATION

Document TitleInsufficient Funds
Document Type
  • Bylaws
  • Policy Document
  • Procedures
  • Guidelines
  • Form
Office/UnitPurchasing Department
Document Owner
Contact Information
Office Name Phone Email








Policy NumberPurchasing 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.

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Category(s)
  • Academic Affairs
  • Advancement
  • Financial
  • Governance
  • ITS
  • Operational
  • Personnel
  • School/College
  • Student Life
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