Accounts Payable Check Approval Policy

Only invoices $500 or over will require approval. If a check amount exceeds $7,500 with all invoices under $500, this check would require approval. Wal-mart and the vendor with which the procurement card purchases are made are handled as noted below.

All Wal-mart checks will be approved for individual invoices $500 and over.

All procurement card checks will be approved for individual purchases $500 and over.

Approved By: Policy Committee

Date; 6/17/03