9.2 - Accounts Payable, Cash Disbursements, and Accrued Expenses

LCS will use the Specialized Data System (SDS) platform for proper accounting of accounts payable, cash disbursements, and accrued expenses. Proper internal control will be followed to ensure that only valid and authorized payables are recorded and paid. Accounting procedures will be implemented to ensure the accuracy of amounts, the coding of general ledger accounts, and the appropriate timing of payments.

Adopted: 02-25-1999

Amended: 12-16-2004

Amended: 3-26-2020

Amended: 2-22-2022