ATTENTION VP’S and BCOs: Clarification on Approvals for Account Codes 5270, 5534, 5545Posted on: Jun 21, 2021
There has been some confusion in regards to the approval of expenses in the following account codes. Therefore, the finance office would like to provide some clarification:
5270 – Conference/Registration Fees
As per our Account Code Descriptions, 5270 requires VP approval. Therefore, expenses and invoices will be routed accordingly in Chrome River if expensed to that account code.
5534- Institutional Membership
Institutional memberships are all approved by the President’s Office and coded to department 8610 only. Expenses and invoices will route accordingly in Chrome River.
5545- Non-Institutional Memberships
Non-institutional are paid on a reimbursement basis only and corporate MasterCard cannot be used. This also requires VP approval and will route accordingly in Chrome River.