Policy: Financial Authorization: Difference between revisions

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(Created page with "Since Future Worlds Center has a many projects and therefore many expenses to pay, the following financial authorization policy has been implemented: * Purchases have to com...")
 
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Since [[Future Worlds Center]] has a many projects and therefore many expenses to pay, the following financial authorization policy has been implemented:
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 Chair of the Board;
* 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 Chair of the Board.
* Every payment is prepared by the Financial Officer and approved, signed by the President of the Board.
 
 
 
[[Category:Policies]]
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