Policy

Disbursements of funds are dependent upon adequate cash availability and the rules/regulations for the requested disbursement based on the funding source. The objective of managing disbursements is to maintain funds in interest-bearing accounts for the longest appropriate period of time. This allows the college and the state to recognize the maximum earning potential on their funds. This is not intended to encourage late payments or have a negative impact on relationships with firms who, in good faith, supply goods and services to the college.

Adopted:                      February 2022

Legal Reference:          N.C.G.S. §§ 115D-58.3 and -58.4

 

Review/Updated: