(1) Each executive head of a state agency handling cash funds shall establish:(1) Adequate internal administrative procedures and controls to ensure prompt and accurate payment of obligations to be liquidated from those funds to promote good public relations and to take advantage of all available discounts; and(2) A system of preaudit within his or her agency to ensure that checks and vouchers, before being released by the state agency, are prepared in accordance with all applicable purchasing and fiscal laws on the subject by performing the following functions. He or she shall determine that:(A) Services, materials, supplies, and equipment received comply with specifications indicated on purchase documents;(B) Quantities received, as being indicated on the invoice, agree with those shown on the receiving report;(C) Unit prices agree with those indicated on the purchase documents;(D) The extensions and footings of the invoice are correct;(E) The voucher or check is prepared in sufficient time to take advantage of all available discounts being offered;(F) Sufficient legislative authorization for expenditures and funds is available for payment of the obligation; and(G) The obligation was incurred in conformity with all purchasing and fiscal laws applicable to state agencies operating out of the State Treasury.
(1) Adequate internal administrative procedures and controls to ensure prompt and accurate payment of obligations to be liquidated from those funds to promote good public relations and to take advantage of all available discounts; and
(2) A system of preaudit within his or her agency to ensure that checks and vouchers, before being released by the state agency, are prepared in accordance with all applicable purchasing and fiscal laws on the subject by performing the following functions. He or she shall determine that:(A) Services, materials, supplies, and equipment received comply with specifications indicated on purchase documents;(B) Quantities received, as being indicated on the invoice, agree with those shown on the receiving report;(C) Unit prices agree with those indicated on the purchase documents;(D) The extensions and footings of the invoice are correct;(E) The voucher or check is prepared in sufficient time to take advantage of all available discounts being offered;(F) Sufficient legislative authorization for expenditures and funds is available for payment of the obligation; and(G) The obligation was incurred in conformity with all purchasing and fiscal laws applicable to state agencies operating out of the State Treasury.
(A) Services, materials, supplies, and equipment received comply with specifications indicated on purchase documents;
(B) Quantities received, as being indicated on the invoice, agree with those shown on the receiving report;
(C) Unit prices agree with those indicated on the purchase documents;
(D) The extensions and footings of the invoice are correct;
(E) The voucher or check is prepared in sufficient time to take advantage of all available discounts being offered;
(F) Sufficient legislative authorization for expenditures and funds is available for payment of the obligation; and
(G) The obligation was incurred in conformity with all purchasing and fiscal laws applicable to state agencies operating out of the State Treasury.