PSO EXPENSE REIMBURSEMENT & DEPOSIT PROCEDURES
- The UC Tech President will authorize all expenditures based on the approved budget for any PSO related events, fundraisers or activities.
- All expenses must be reviewed and initialed by each PSO Committee Chairperson prior to submission for approval. Note: We are a 501c-3 tax exempt organization. Therefore, a tax exempt form should be used for all taxable purchases. As such, sales tax will not be reimbursed.
- It is recommended that associated expenses are recorded and tracked to ensure the committee does not exceed its allocated budget.
- Expenditures of 15% over the approved budget amount or $250 (whichever is less) must be approved prior by the PSO President.
- Amounts over $250 must be approved via a budget revision by a quorum vote in a PSO Meeting. Please notify the PSO President regarding the need for a committee budget revision before any additional expenses are incurred and explain the rationale for an increase.
- A PSO Check Request Form is required for all reimbursements or payments to vendors and should be submitted within 30 days of the expenditure.
- All original receipts or purchase orders must accompany the Check Request Form in order to be reimbursed.
- The PSO Check Request Form, in a sealed envelope, can be dropped off at the UC Tech school main office, mailed directly to: UC Tech PSO, 1776 Raritan Road, Scotch Plains, NJ 07076, or emailed to the co-presidents at the following address, .
- Once the Check Request Form is approved by the UC Tech President, he or she will give all reimbursement requests to the PSO Treasurer.
- The UC Tech Treasurer will write and distribute reimbursement checks according to the PSO Check Request Form.
- Reimbursement checks can be written at any scheduled PSO meeting, mailed directly to the requestor, disbursed to a vendor, or delivered in person if alternate mutually acceptable arrangements are made.
- If you are requesting reimbursement for multiple expenditures you must use a different request form for each expenditure unless the expenditures are all for the same event, fundraiser or activity.
- If the Committee Chairperson collects cash or checks in relation to a fundraiser or event they are to fill out the PSO Cash or Check Deposit forms as applicable and arrange to deliver them to the UC Tech PSO Treasurer.
PSO Check Request Form:
Date: ______
Requestor Name: ______
Email: ______
Committee Name: ______
Event/Fundraiser/Activity:______
Was this expense approved by the Committee Chairperson? Yes No
If so, how was approval obtained? Email Verbal
President Approval: Yes No Method: Email Verbal
Is this expense for a function that benefitsAITAPAAAHSMHSas well?
Yes No If yes, how is the expense to be split among the schools involved?______
Delivery Method: Mail PSO Meeting In Person
Address: ______
Individual Check Request (attach original receipts and summary):
Make payable to: ______
In the amount of $______
Request for Payment to Vendor (attach invoice/order form):
Make payable to: ______
In the amount of $______For the purchase of______
Request for Payment toAITAPA AAHSMHS for expenses they incurred or their share of the fundraising profit for joint events (attach supporting documents such as receipts, summary of total amount incurred by or owed to the school and details of the how the allocation between the schools was calculated)
For the amount of $______
For the purpose of______
PSO Check Request Form
Receipt Summary
Please provide the following information for each receipt (Example in italics):
Name Cost Purpose
Staples $25.50 General Supplies
______
______
PSO CashDeposit Form
Name:______
Committee:______
Fundraiser/Event:______
Cash Received / Quantity / Total$50 / X / =
$20 / X / =
$10 / X / =
$5 / X / =
$1 / X / =
Coins Received / Quantity / Total
$1 / X / =
$ 0.50 / X / =
$ 0.25 / X / =
$0.10 / X / =
$0.05 / X / =
$0.01 / X / =
Total Cash Received: $ ______
Signature : ______
Date: ______
PSO CheckDeposit Form
Name:______
Committee:______
Fundraiser/Event:______
Count / Check Received From / Amount / Check # / Comments1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Total Checks Received: $ ______
Signature : ______
Date: ______