TARRY HOUSE, INC.

 

Subject:  Cash Disbursements Policy                

 

Procedure Number:  B.P. 02

Site: Tarry House

Effective: 1/97

Issued By: Executive Director

Revised: 1/98; 1/28/08

Approved By: The Board of Trustees

Reference Policy: B.P. 01

Reviewed: 1/98; 12/99; 1/10/01; 11/30/01; 11/25/02; 11/25/04; 5/31/06; 8/1/07; 1/28/08

 

Standards Reference:

CARF: Section 1. I.

ODMH: 5122-30-22

 

I.                   Purpose

 

      To provide procedures to ensure appropriate control of cash disbursements.

 

 

II.                Policy

 

            The Tarry House, Inc. Business Manager, Bookkeeper and the Executive Director shall make cash disbursements in accordance with the direction of the Finance Committee.

 

 

III.             Procedure

 

Tarry House, Inc. shall follow the following guidelines for controlling cash disbursements:

 

  1. All disbursements of Tarry House, Inc.’s funds are made by check and are recorded in such a manner as to clearly show to which budget category they are charged.  Petty cash funds are imprest funds, which are reimbursed by check.

 

  1. Tarry House, Inc. disburses funds through either the payroll system or the accounts payable system.

 

  1. Checks issued through the accounts payable system will require two authorized signatures.

 

  1. All disbursements shall follow procedures consistent with internal control requirements. 

 

                  

 

 

____________________________                                                    _____________________

    Executive Director                                                                                        Date