|School City of East Chicago|
|Bylaws & Policies|
6470 - PAYMENT OF CLAIMS
The School Board directs the prompt payment of legitimate claims by suppliers of goods and services to the School Corporation.
Each bill or obligation of this Board must be itemized fully and verified before a warrant can be drawn for its payment.
When an invoice is received, the Treasurer shall verify that a voucher is submitted properly, that acceptable goods were received or satisfactory services rendered, that the expenditure is included in the Board's budget and funds are available for its payment, that the amount of the invoice is correct, and a signed claim has been submitted.
All payments shall be submitted for Board approval in the form of a listing that includes the vendor's name; the number and amount of the check; and the description of the item.
All warrants or checks that are drawn on the funds of the School Corporation that are outstanding and unpaid for a period of two (2) or more years as of the last day of December of the year are void and will not be honored by any financial institution for payment or deposit.
I.C. 20-26-4-1, 5-11-10.5-2
© Neola 2006