Upcoming Webinars
Access the latest trends and insights shaping the profession—free for members.
.jpg)
 (1).jpg)
.jpg)
.jpg)
.jpg)
.jpg)
Document
ART - Monthly Financial Report 2003
Year Created: 2003
DOCUMENT
PROCEDURE - VISA Card Procurement Procedures
- ENTITY TYPE: City/Township
- TYPE OF DOCUMENT: POL - Policies/Procedures
- Finance
- Policies and Procedures
The document is a procurement process flow chart for Visa implementation. It outlines the steps involved in the procurement process, starting from the need for supplies in a department to the payment to vendors.
The process begins with the department identifying the need for supplies and obtaining approval. Once approved, the department receives the supplies and a receipt. The vendor then sends the supplies and receipt to the department.
Meanwhile, the cardholder receives a Visa statement and balances their cardholder statement. They then provide the department representative with the necessary information to place an order with the vendor.
The vendor receives payment from Visa, and the department representative balances the department statement and approves it for payment. The payable department statement is then sent to the Office of Management and Budget (OMB).
The OMB balances the city statement and approves it for payment. The payable department approves the city statement for payment and notifies the Management Information System (MIS) to download accounts and send a wire to Visa.
Overall, the flow chart provides a visual representation of the procurement process for Visa implementation, from the initial need for supplies to the final payment to vendors.