UNIVERSITY OF VIRGINIA
FINANCIAL AND ADMINISTRATIVE PROCEDURES MANUAL
TITLE: APPROVING PAYMENT FOR EQUIPMENT PROCEDURE: 10-31
TRUST FUND (ETF) INVOICES
Policy Reference: X.C.1
Purpose
To describe the process of approving payment for ETF invoices.
Responsibility Action
Department 1. Receives the ETF item.
2. Inspects goods to determine if
condition, quantity, and type
ordered are acceptable.
2a. If damaged goods are received, calls
Purchasing and Materials Services
for instructions.
3. Completes the purchase order
receiver provided by Purchasing and
Materials Services.
See also Procedure 6-9, "Receiving
Goods/Services for Purchase Order
Classes C, G, and I."
4. Forwards the following documents to
University Accounts Payable
Department:
The original purchase order
receiver, and the vendor invoice (if
received).
NOTE: NOTIFIES THE EQUIPMENT TRUST
COORDINATOR IF AN ETF ITEM IS LATER
RETURNED TO THE VENDOR FOR CREDIT
OR REPLACEMENT.
Univ. Accts Payable Dept 5. Receives completed purchase order
receiver from department.
6. Enters purchase order receiver into
CAPPS to be matched to vendor
invoice.
Responsibility Action
University Accounts 7. Receives vendor invoice from vendor.
Payable Department
(Cont'd) 8. Enters vendor invoice into CAPPS to
be matched to the purchase order
receiver.
9. Generates payment of ETF purchase
CAPPS.
10. Forwards copy of vendor invoice to
Equipment Trust Coordinator.
Equipment Trust Coord. 11. Receives invoice copy from accounts
payable department.
12. Matches invoice copy with copy of
purchase order and files in pending
file.
13. Accumulates completed ETF payments
until $10,000.00 has been paid.
14. Once $10,000.00 has been paid,
completes a Requisition and
Certificate form.
15. Enters reference number on all
payment documents.
16. Forwards copy of payment package to
Property Accounting for asset
tagging.
17. Forwards the payment package to the
State Council of Higher Education
for Virginia (SCHEV) for
reimbursement. Retains copy.
ISSUED BY: 05/16/88
Department of Financial
Analysis 10.31.2