Policy: Financial Authorization

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 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 Chair 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 Chair of the Board.