Policy: Financial Authorization: Difference between revisions
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Since [[Future Worlds Center]] has | Since [[Future Worlds Center]] has many projects and therefore many expenses to pay, the following financial authorization policy has been implemented: | ||
* Purchases have to comply with the relevant project budget; | * Purchases have to comply with the relevant project budget; | ||
* Every purchase must be approved beforehand by the Coordinator of the project as well as the Financial Officer; | * Every purchase must be approved beforehand by the Coordinator of the project as well as the Financial Officer; | ||
* Project payment should be paid via cheque or electronic transfer. Cash can be used only in special circumstances approved by the | * Project payment should be paid via cheque or electronic transfer. Cash can be used only in special circumstances approved by the President of the Board; | ||
* Payment to [[Associate]] shall be authorized by the Coordinator of the project as well as the Financial Officer prior payment; | * Payment to [[Associate]] shall be authorized by the Coordinator of the project as well as the Financial Officer prior payment; | ||
* Every payment is prepared by the Financial Officer and approved, signed by the | * Every payment is prepared by the Financial Officer and approved, signed by the President of the Board. | ||
[[Category:Policies]] | |||
Revision as of 12:40, 25 September 2012
Since Future Worlds Center has many projects and therefore many expenses to pay, the following financial authorization policy has been implemented:
- Purchases have to comply with the relevant project budget;
- Every purchase must be approved beforehand by the Coordinator of the project as well as the Financial Officer;
- Project payment should be paid via cheque or electronic transfer. Cash can be used only in special circumstances approved by the President of the Board;
- Payment to Associate shall be authorized by the Coordinator of the project as well as the Financial Officer prior payment;
- Every payment is prepared by the Financial Officer and approved, signed by the President of the Board.
