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Business Policy and Procedure Manual
University of Missouri-Columbia
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
Chapter 2
FINANCE
Section: 2:280
Incidental Expenses

Adopted:  03/2008
Revised:  08/18/2016

Responsible Office
Division of Finance

Incidental Expenses


POLICY STATEMENT

When there is a documented business reason, expenditures of University-administered funds can be made for items listed below with approval from the chancellor, chancellor's employees or their direct reports, unless others are specified in the following sections.

Expanded definition and information for this policy is available under Resources below.


PROCEDURES

The following procedures assist with achieving compliance with the above policies:

Personal Reimbursement

Any use of personal funds with subsequent reimbursement is highly discouraged. However, an employee may make a purchase from personal funds and request reimbursement through PeopleSoft Travel and Expense Module under the following exceptional circumstance: An occasional purchase where it was not feasible or practical to make the purchase with a Purchasing Card, by direct bill, or on a purchase order.

Documentation required for reimbursement of personal funds includes:

  • The original receipt; sales tax must be deducted as applicable.
  • A statement that it is University property.
  • An explanation as to why the Procurement Card was not used for payment.
  • Division Fiscal Officer approval.
  • All documentation is subject to review and approval by Division of Finance-Accounting.

The Procurement Card is the preferred method for making small purchases and should be considered the primary alternative to requesting personal reimbursement for purchases.

Alcoholic Beverages

At times there are legitimate purposes for expenditures for alcoholic beverages related to the promotion of the interests of the University. A statement explaining how this expenditure benefits the University must be shown on each transaction that requests payment of, or reimbursement for, alcoholic beverages.


RESOURCES

Cross References