Financial Policies

CHAPTER 1:

PURCHASING POLICIES AND PROCEDURES

I. GENERAL POLICIES

A. Objectives and Organization
B. Legal Authority
C. Ethical Conduct
D. Documentation
E. Budget Responsibility
F. Basic Supply Requests

II. PROCEDURES

A. Authorization and Control of Purchase Requests
B. Pricing and Vendor Selection
C. Reception of Goods and Distribution to Users

III. DISPOSING OF CAPITAL ASSETS