Indiana University - Disbursement Voucher RestrictionsBecause the disbursement of university funds is involved in the processing of every Disbursement Voucher, the document’s use is subject to certain policies and restrictions. The DV supporting documentation policy can be viewed at http://www.indiana.edu/~vpcfo/policies/accounting/i-420.html Procurement Cycle/Purchasing The DV is not designed to replace standard university procurement methods or documents nor is it intended to alter or circumvent the procurement policies mandated by The Board of Trustees of Indiana University. It is not a substitute for sanctioned procurement channels. A number of authorized procurement processes exist that provide efficiency and timeliness to the department in their buying efforts. These are:
The Disbursement Voucher and the Purchase Order (PO) are used for different reasons. Generally, the PO is used for the order of supplies, equipment, and services. If you are unsure whether to use the DV, a Purchase Order, or a procurement card please contact the Purchasing Office on your campus. Restrictions The DV process generally restricts payments made directly to vendors for goods and services, particularly those for professional services. Payments that are restricted from the DV are to be handled by standard procurement processes described under the section "Procurement Cycle/Purchasing" above. The following restrictions on the use of the DV apply:
The following types of direct payments to suppliers are not allowed on the Disbursement Voucher:
Responsibility As with any university policy or procedure, every contingency cannot be articulated. It is the responsibility of the IU employee involved with expending university funds to do so in a prudent, ethical, and authorized manner. If uncertainty exists about the suitability of a particular transaction, it is incumbent upon the employee to seek clarification of the appropriateness of the transaction before proceeding. |