Cut Bank School District
FINANCIAL MANAGEMENT 7326
Documentation and Approval of Claims
All financial obligations and disbursements must be documented in compliance with the statutory provisions and audit guidelines. The documentation will specifically describe acquired goods and/or services, the budget appropriations applicable to payment, and the required approvals. All purchases, encumbrances and obligations, and disbursements must be approved by the administrator designated with the authority, responsibility and control over the budget appropriations. The responsibility for approving these documents cannot be delegated.
The District business office will be responsible for the development of the procedures and forms to be used in the requisition, purchase and payment of claims.