Chapter 2. Accounting Services
Section 2.7. Accounts Payable
The University is required to record all payments to individuals for services, payments for employee awards, and scholarship and award payments to students in order to maintain compliance with employment laws, IRS rules, NCAA rules on student athletes, and federal financial aid rules. The most efficient way for this to be accomplished is for fund custodians to request funds from the Michigan Tech Fund to be transferred to the University, and then follow normal payment procedures for all:
Payments for the above services, awards, and financial aid should not be disbursed directly from the Michigan Tech Fund.
To request payments from the Michigan Tech Fund, to the following:
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