KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES

POLICY TITLE:

Disbursements from The Kentucky State University Foundation, Inc.

VOLUME, SECTION & NUMBER: 4.1.13

ENTITIES AFFECTED:

All Departments and Divisions The Kentucky State University Foundation, Inc.

ADMINISTRATIVE AUTHORITY: Office of Institutional Advancement

APPROVED BY:

The Kentucky State University Board of Regents

EFFECTIVE DATE:

November 28, 2023

POLICY STATEMENT:

This policy outlines the procedures for requesting disbursements from The Kentucky State University Foundation, Inc. (hereinafter referred to as "Foundation") by employees of Kentucky State University (hereinafter referred to as "University"). It aims to ensure transparency, accountability, and proper financial management for all withdrawal transactions.

DEFINITIONS:

Disbursement Request Form

The current form used for requesting withdrawals from the Foundation.

Foundation

Kentucky State University Foundation, Inc.

Signed Approval

A memo with a wet or digital signature applied, or an original email from the University email account assigned to the University President, Vice President, or designee.