Policies & Procedures

Fixed Assets Department Procedure for Inventory Process

Description: To physically count and confirm existence of Longwood University assets. To ensure all ETF and any assets costing over $5,000 are tagged and included in the appropriate department inventory list. To determine whether unrecorded or improperly recorded transactions have occurred and lastly to identify any excess, defective, or obsolete assets on the inventory list.

Owner: Financial Operations

Procedure for Completing Travel Expense Reimbursement Voucher

Description: The TERV form is to be used as the preferred method of reimbursement for University travel expenses. It replaces Commonwealth of Virginia forms DA-02-041 Travel Expense Reimbursement Voucher and DA-02-041A Travel Reimbursement Expense Reimbursement Voucher Continuation Sheet.

Owner: Financial Operations