Bad Debt and Allowance for Student Receivable Credit Losses ..... 83 Grants Management ..... 84 Procedures ..... 84 Grant Submission ..... 84 New Grant Setup ..... 85 Grants Month-End Processing – Revenue Recognition and Indirect Cost Allocation ..... 89 Grant Billing ..... 91 Collections from Grantors ..... 92 Grant Financial Reporting ..... 92 Grant Close-Out ..... 93 Allowance for Grants Receivable Credit Losses and Bad Debt Write Offs ..... 93 Cost allocation plan ..... 95 Cash Handling ..... 95 Policy ..... 95 Procedures ..... 95 Processing Incoming Mail and Electronic Payments ..... 96 Posting Cash Receipts Payments ..... 96 Depositing Funds ..... 98 Processing Returned Checks and Electronic Payments ..... 98 Purchasing ..... 100 Policy ..... 100 Procedures ..... 100 Purchasing Authority ..... 100 Purchasing Approval Queue Maintenance ..... 101 Vendor Maintenance ..... 103 Requisitions and Purchase Orders ..... 107 Contracts, Consulting Agreements, Leases ..... 110 Requests for Bids and Proposals ..... 112 Procurement Cards ..... 113 Card Issuance ..... 113 Coding Procurement Card Charges ..... 114 Purchasing Month-End Closing ..... 114 Travel Expenses ..... 116