Policy: Payments to third parties: Difference between revisions
No edit summary |
No edit summary |
||
| (6 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
At Future Worlds Center | At [[Future Worlds Center]] items (unless subcontracted) can NOT be ordered "on credit". This means that whatever the organization buys must be paid in total immediately and the purchase must be in compliance with the relevant [[Policy: Financial Authorization|Financial Authorization policy]]. | ||
For direct eligible costs of any project, no cash payment can be used (only cheque of electronic transfer). | |||
This policy can be overwritten only | This policy can be overwritten only | ||
| Line 10: | Line 9: | ||
For amounts over €1000: | For amounts over €1000: | ||
* A Board Resolution is required | * A Board Resolution is required | ||
Delivery of cheques | |||
* Payments will be done electronically whenever possible | |||
* Cheques must be picked-up from the Financial Officer's office with a receipt signature. | |||
When making payments to third parties, please follow the relevant [[Procedure: Payments to third parties|Payments to third parties Procedure]]. | When making payments to third parties, please follow the relevant [[Procedure: Payments to third parties|Payments to third parties Procedure]]. | ||
[[Category:Policies]] | |||
Latest revision as of 00:36, 29 January 2016
At Future Worlds Center items (unless subcontracted) can NOT be ordered "on credit". This means that whatever the organization buys must be paid in total immediately and the purchase must be in compliance with the relevant Financial Authorization policy.
For direct eligible costs of any project, no cash payment can be used (only cheque of electronic transfer).
This policy can be overwritten only
- for amounts less than €1000 AND when
- at least two members of the Board approve the exception
For amounts over €1000:
- A Board Resolution is required
Delivery of cheques
- Payments will be done electronically whenever possible
- Cheques must be picked-up from the Financial Officer's office with a receipt signature.
When making payments to third parties, please follow the relevant Payments to third parties Procedure.
