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OFFICE OF CHIEF ACADEMIC OFFICER Summary of State Board of Education Agenda Items Consent Agenda December 19, 2024 MISSISSIPPI SCHOOLS FOR THE DEAF AND THE BLIND B.Approval of monthly expenditures
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What is approval of monthly expenditures?
Approval of monthly expenditures is a formal process through which financial expenses incurred during a month are reviewed and authorized by appropriate parties to ensure that spending aligns with budgetary constraints and organizational policies.
Who is required to file approval of monthly expenditures?
Employees or departments that incur expenses on behalf of the organization, typically managers or finance personnel, are required to file for approval of monthly expenditures.
How to fill out approval of monthly expenditures?
To fill out approval of monthly expenditures, complete the designated form by providing details about each expense, including the date, amount, purpose, and any supporting documentation, then submit it to the authorized approver for review.
What is the purpose of approval of monthly expenditures?
The purpose of approval of monthly expenditures is to ensure financial accountability, control spending, and verify that expenses are necessary and in accordance with the organization's budget and financial policies.
What information must be reported on approval of monthly expenditures?
Approval of monthly expenditures must report information such as the date of expenditure, amount spent, purpose of the expense, category of spending, any relevant invoice or receipt details, and the approver's signature or initials.
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