V. ENCUMBRANCE ACCOUNTING

… STATE OF DELAWARE Office of Management and Budget BUDGET AND ACCOUNTING POLICY Approvals Chapter 6 - Approvals v.3.27 Page 1 of 17 Table of Contents: Chapter 6 – Approva …

… ............................................ 17 STATE OF DELAWARE Office of Management and Budget BUDGET AND ACCOUNTING POLICY Approvals Chapter 6 - Approvals v.3.27 Page 2 of 17 Chapter 6 – Approvals The Stat …

… vals Policy delineates approvals necessary to process and record transactions in the State’s financial management and accounting system Approval requirements and thresholds have been established by the Division of Accounting (DOA) to promote accu …

… ancial management and accounting system Approval requirements and thresholds have been established by the Division of Accounting (DOA) to promote accurate, efficient, and transparent transaction processing by all State Organizations. 6.1 …

… s may delegate approval authority for the review and approval of transactions in the State’s financial management and accounting system. ▪ Only employees designated by department heads are authorized to commit an Organization to a purchase a …

… viewed at least once a year. ▪ Approvers authorized to transact business in the State’s financial management and accounting system acknowledge and agree they are accepting a public trust that includes the responsibility to: STATE OF D …

… ic trust that includes the responsibility to: STATE OF DELAWARE Office of Management and Budget BUDGET AND ACCOUNTING POLICY Approvals Chapter 6 - Approvals v.3.27 Page 3 of 17 • Properly safeguard State assets; • …

… ▪ An individual may be authorized to input or submit transaction data into the State’s financial management and accounting system, but this in and of itself does not constitute approval authority. 6.2 Approval Requirements All …