JMU - Vendor Payments
Vendor Payments
All expenditures from University funds must be necessary, reasonable and directly related to the goals and mission of the University. Expenditures are subject to scrutiny by State authorities, sponsors, auditors and other interested parties. An individual's failure to adhere to these procedures may result in the individual being held liable for any unauthorized expenditure made.
The Expenditure Section: 4205 of the Financial Procedures Manual provides detailed guidelines to all activities of the University for payment of vendor invoices. This section does not apply to Payroll, Travel Reimbursements, or Moving and Relocation Expenditures.
Departments must follow procurement guidelines to obtain goods and services.
The general policy of the University is to apply Commonwealth's expenditure guidelines and limitations to all transactions irrespective of fund source. In accordance with the Commonwealth's Prompt Pay Act, in the absence of contractual terms, all payments shall be due 30 days after receipt of proper invoice or material/service; whichever is later.
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Publisher:
JMU Office of Accounts Payable
For Information Contact:
Accounts Payable
James Madison University
1031 South Main Street, Massanutten Hall, Harrisonburg VA 22807, MSC 5712
Phone: (540) 568-7397
Fax: (540) 568-6232
Last Modified: 9/27/2013
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