Signature Requirements on Transactions Where Fiscal Officer Has Divisional Responsibility and is the Project Director
FIN-ACC-20
About This Policy
- Effective Date:
- 06-01-1992
See current policy
- Date of Last Review/Update:
- 06-01-1992
- Responsible University Office:
- Financial Management Services
- Responsible University Administrator:
Vice President and Chief Financial Officer
- Policy Contact:
Joan Hagen
Associate Vice President
and University Controller,
Office of the Controller
jhagen@iu.edu
- Policy Feedback:
- If you have comments or questions about this policy, let us know with the policy feedback form.
Policy Statement
When the Fiscal Officer for a contract and grant account has divisional responsibility and serves as the project director, all financial transactions must be approved and signed by the Account Supervisor, in addition to the Fiscal Officer.
Reason for Policy
The provision of appropriate controls when the Fiscal Officer for a contract and grant account has divisional responsibility and is named the principal investigator for the project.
Procedures
Both signatures of the Fiscal Officer and Account Supervisor will be required on the processing of financial transactions that include travel reimbursement, payroll, and disbursements (including reimbursements).
Definitions
Divisional Responsibility: It is defined as the person who has responsibility for all of the fiscal affairs and management of a unit (department, school, campus).
History
This policy was established on June 1, 1992.Please note: This is an archived version of the policy. View the current version.