What is the Expenditure Review Process?
Effective September 1, 2006, all sponsored project (Fund 500) Purchase Requisitions, Vouchers and Expenses totaling less than $1,000 per transaction will workflow directly to Purchasing and Accounts Payable once departmental approvals have been done. Documentation for transactions under $1,000 should be forwarded directly to Purchasing and Accounts Payable. On a monthly basis, the Office for Sponsored Programs will review all transactions under $1,000 for propriety. Certain transactions will be selected for post review by OSP. It is recommended that originating departments retain copies of all transactions under $1,000 in anticipation of this monthly review and audit. Official Memorandum Can I receive a Travel Advance? • Available only to BC employees who do not have an outstanding travel advance. • Available for air fare (with documentation showing the travel dates, cost, and that the expense has been incurred to the traveler). This advance is reconciled when the traveler provides air
Effective September 1, 2006, all sponsored project (Fund 500) Purchase Requisitions, Vouchers and Expenses totaling less than $1,000 per transaction will workflow directly to Purchasing and Accounts Payable once departmental approvals have been done. Documentation for transactions under $1,000 should be forwarded directly to Purchasing and Accounts Payable. On a monthly basis, the Office for Sponsored Programs will review all transactions under $1,000 for propriety. Certain transactions will be selected for post review by OSP. It is recommended that originating departments retain copies of all transactions under $1,000 in anticipation of this monthly review and audit.
