A sample document that you can use as a template for your system.
Sample financial-management policy:
Compensation and payroll policies [1]
The above is a Microsoft Word 97-2003 file. It is provided here in this form so that you can have the text in an editable file in order to adapt the policies to your utility.
Some of the requirements or procedures described in this sample policy may be covered in state statutes or local ordinances, particularly if your utility is operated as a division of a public entity, such as a county or municipal government.
This sample policy is not ready-to-use and should not be adopted or distributed as-is. It must be customized to fit your utility and your circumstances. You can change or add to this policy depending on your system’s circumstances and requirements. Be sure to review the document carefully and fill in all the blanks with the required information. Ensure that all the information is pertinent to your specific utility.
Before adopting any financial policies, also be sure to check for items required by state law, local ordinances, your system bylaws or charter, and documents relating to any loans or grants your system may have received.
The information contained herein is for informational purposes only as a service to the public and is not legal advice or a substitute for legal counsel. As legal advice must be tailored to the specific circumstances of each case, nothing provided herein should be used as a substitute for advice of competent counsel. RCAP, Inc. expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of the sample policies.