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PAYMENT FOR GOODS AND SERVICES
Before warrants signed by the Board of Education president, Business Administrator/Board Secretary and Treasurer of School Moneys may be issued in payment of bills or claims, the bill or claim must be properly audited and approved according to law. In general, bills or claims are audited by the Business Administrator/Board Secretary and approved by resolution of the Board of Education. However, in order to provide for the prompt payment to which vendors are entitled, and which leads to more effective competitive bidding and provision of services to the district, the Business Administrator/Board Secretary shall audit all bills and claims, and may approve for payment without prior Board approval amounts of no more than $2,500 per claim. Such actions shall be presented for Board ratification at the next regular meeting. Items in excess of this amount must be presented for Board approval before payment. Date: April 14, 1986 October 14, 1996 First Reading October 28, 1996 Approved November 19, 2001 First Reading December 10, 2001 Approved Legal References: N.J.S.A. 18A:19-1 Expenditure of funds on warrant only; requisites N.J.S.A. 18A:19-2 Requirements for payment of claims; audit of claims in general N.J.S.A. 18A:19-3 Verification of claims N.J.S.A. 18A:19-4 Audit of claims, etc., by secretary; warrants for payment N.J.S.A. 18A:19-4.1 Account or demand; audit; approval N.J.S.A. 18A:19-9 Compensation of teachers, etc., payrolls Cross References: 3320 Purchasing procedures 3451 Petty cash funds 3453 School activity funds 4142 Salary checks and deductions 4242 Salary checks and deductions Key Words Payment for Goods and Services, Bills |
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