REBATES / MONETARY RETURNS
Not everyone may be familiar with procedures for handling rebates or other monetary returns for items such as toner cartridges, etc. Government regulations require that government projects be charged the lowest price possible. As such, any rebate, savings, or monetary return should be credited to a current government account. When sending such checks to the Finance Office for deposit, please indicate that this is a rebate for materials purchased with government funds. Please be sure that this is the practice followed so as not to jeopardize our finding source by being in noncompliance with the rules.
If items were purchased with non-government funds, checks/cash should be deposited in the University account which was charged for the original purchase.
Proceeds of rebates should not be used as slush funds for any activity.
Please submit checks to Angelina Calungcagin with covering memo including the account to credit.
Your co-operation in following these procedures is appreciated. If you have any questions, please contact Edie Miller, Asst. Director of Administration.