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Revised Cost Center Verification Procedures
Cost center verification procedures
were revised to streamline the
process of monthly verification and
reduce the time required by the Cost
Center Manager or designee to
review.
Changes include:
• Not requiring verifiers to enter
an “x” in the Verified column next
to verified transactions on the
Verification Worksheet. He or she
will acknowledge that all
transactions were verified by the
Cost Center Verification Log or by
email.
• Allowing monthly verifications to
be performed at the department level
instead of the Cost Center Manager
level. Since there are much fewer
departments than Cost Center
Managers, there will be fewer
reports to run, verify and review.
Departments can still do the
verification at the cost center
manager level, if they choose, or at
the college/division level for
centralized units.
• Allowing reviewers of
verifications to perform their
review twice a year, instead of
monthly.
• Development of a one-page Cost
Center Verification Log for
verifiers and reviewers to initial
to document their verification and
review, instead of signing a
Verification Worksheet for each cost
center. Alternatively, departments
can document verification and review
by email, if desired.
Internal Audit and Academic Affairs
reviewed and approved these
procedures, which can be implemented
immediately and used retroactively,
if desired, back to September 2010.
The revised Cost Center Verification
Procedures, the Cost Center
Verification Log, and an updated
Cost Center Manager Delegation Memo
are located on the Finance
References page under
Cost Center
Verification Toolkit.
If you have any questions, please
contact Mike Glisson at
mtglisson@central.uh.edu
or 713-743-8706.
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