Ohio Administrative Code|Rule 3358:5-11-07 | Disbursement policy.

                                                
(A) Section 3358.10 of the Revised Code authorizes the treasurer of a state community college district to receive and disburse funds of the district under the direction of the board.
The practice of delaying payment of invoices pending specific board action could result in a loss of cash discounts thereby reflecting somewhat less than complete fiscal responsibility.
(B) The treasurer shall disburse funds for the payment of invoices authorized by an approved budget and/or appropriation whenever such payments permit the benefit of cash discounts or other financial gain to Clark state community college.