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.

 

 

 

Policy History:

Adopted on:

Revised on: