PURPOSE

The purpose of this statement is to provide guidelines for classifying of expenditures.

GENERAL GUIDELINES/APPLICABLE POLICIES

The State of North Carolina has a standard used for the coding and classification of expenditures.

This listing is in the Chart of Accounts Section of this Policies and Procedures Manual.

PROCEDURES

Purchase request should be coded using the object codes as outlined in the established budget. In cases where there is a question as to the correct object code to be used for a particular purchase the Purchasing Department should be contacted. If the object code identified is not in the established budget and allotment revision should be submitted to Contracts and Grants.