Financial Policies

To define purchases requiring competitive bidding.

To ensure the proper receipt and inspection of purchased goods.

To ensure the prompt and efficient processing and payment of approved purchase order invoices.

To ensure the most cost effective method of acquiring equipment, i.e., purchase or lease, and the proper accounting and reporting treatment.

To ensure the most appropriate and cost effective method of acquiring space required by normal operations to support the mission of the University and the proper accounting and reporting treatment.

To ensure compliance with appropriate agency regulations pertaining to the procurement of laboratory animals, supplies and equipment.

To ensure compliance with appropriate agency regulations pertaining to the procurement of radioactive materials.

To define and establish policy for disbursements other than payments for the procurement of goods and services.

To establish payment policy for certain items that may be obtained without a purchase order and other valid University disbursements.

To establish the responsibility for processing stop payment and check cancellation requests.