STATE OF CONNECTICUT
THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MEMORANDUM 2003 - 33
August 4, 2003
TO THE HEADS OF ALL STATE AGENCIES
|Attention:||Agency Heads, Chief Fiscal Officers and Business Managers|
|Subject:||Prioritizing Vendor Payments|
I. Purpose: Advise agencies to prioritize the processing of vendor payments.
With the anticipation of a budget being in place shortly, state agencies are encouraged to establish a plan that prioritizes payments to vendors. We are suggesting a plan similar to the following:
The plan above is just an example and the list is not all-inclusive. An agency's priority listing will depend on its operating requirements. Additionally, agencies should comply with contractual and encumbrance requirements in order to minimize - if not eliminate - delays in payment processing.
II. Questions: For questions regarding payment processing, please call (860) 702-3400.
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