{"id":5205,"date":"2011-03-17T15:21:40","date_gmt":"2011-03-17T20:21:40","guid":{"rendered":"https:\/\/www.mcneese.edu\/policy\/ie_policy\/banner_finance_electronic_requisition_approvals\/"},"modified":"2025-08-01T08:14:24","modified_gmt":"2025-08-01T13:14:24","slug":"banner_finance_electronic_requisition_approvals","status":"publish","type":"ie_policy","link":"https:\/\/www.mcneese.edu\/policy\/banner-finance-requisition-approval-policy\/","title":{"rendered":"Banner Finance Requisition Approval Policy"},"content":{"rendered":"\n<h2 class=\"wp-block-heading display-3\">Purpose<\/h2>\n\n\n\n<p>To develop minimum requirements for obtaining goods and services through the requisition process and to ensure appropriate levels of electronic approvals are established.<\/p>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Scope<\/h2>\n\n\n\n<p>These policies and procedures are applicable to all University employees who create or approve requisitions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Key Terms<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Requestor<\/strong>:  An employee who is approved to enter requisitions.<\/li>\n\n\n\n<li><strong>Approver<\/strong>:  An employee who is authorized to approve requisitions.<\/li>\n\n\n\n<li><strong>Authorization<\/strong>:  Delegating authority from one employee to another.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Minimum Standards<\/h2>\n\n\n\n<p>An authorized employee who enters a requisition for the purchase of goods or services cannot approve the requisition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Audit<\/h2>\n\n\n\n<p>By electronically approving the requisition, the approver implies that all supporting documentation has been reviewed and the transaction is appropriate, accurate, and complies with all policies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Approval Requirements<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A single level of approval is required except when:<ul><li>The president or a vice president determines a second level of approval is necessary; or<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li>The purchase amount exceeds $5,000, regardless of budget availability.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Any exceptions to this policy must be approved by the Executive Leadership Team.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Temporary Reassignment<\/h2>\n\n\n\n<p>If the requestor or approver is unavailable for an extended period, written authorization to temporarily assign another requestor or approver must be submitted to the comptroller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Security<\/h2>\n\n\n\n<p>Approvers must never share or release their electronic approval passwords under any circumstances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading display-3\">Communication<\/h2>\n\n\n\n<p>This policy is distributed via the University Policies webpage.<\/p>\n","protected":false},"parent":0,"template":"","policy_types":[13],"class_list":["post-5205","ie_policy","type-ie_policy","status-publish","hentry","policy_types-business-and-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/ie_policy\/5205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/ie_policy"}],"about":[{"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/types\/ie_policy"}],"version-history":[{"count":4,"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/ie_policy\/5205\/revisions"}],"predecessor-version":[{"id":16425,"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/ie_policy\/5205\/revisions\/16425"}],"wp:attachment":[{"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/media?parent=5205"}],"wp:term":[{"taxonomy":"policy_types","embeddable":true,"href":"https:\/\/www.mcneese.edu\/policy\/wp-json\/wp\/v2\/policy_types?post=5205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}