FIN 2.0 - Cash Disbursement :
The Cash Disbursement policy details the authority by which state employees may purchase goods and services.
Edmonds Community College is granted its purchasing authority in RCW 43.19, which allows goods and services to be purchased for the operation of the college.
The Department of Enterprise Services (DES) provides purchasing training courses which comply with the Procurement Reform Law, RCW 39.26.110, that requires all state employees who are responsible for developing, executing, or managing procurements or contracts to be trained and knowledgeable of procurement laws.
All disbursements need to be approved by DES trained budget authorities, and pre-audited by Business Office personnel, before funds are released. All staff will follow the Direct Buy and Bid procedures required for federal, state, and local funds.
The procurement requirements safeguard our public resources, ensure valid and allowable costs, assist in fraud prevention, and provide a framework of reliability to our financial statement reporting.
RCW 43.19 Department of Enterprise Services
RCW 39.26.110 Training
CONTENT OWNER. The primary responsibility for this policy belongs to:
Vice President for Finance and Operations
PRIMARY CONTENT CONTRIBUTOR (Director/Dean)
Director of Finance
2016-May 11 Approved by President’s Cabinet
2015-May 06 Created
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