COMPTROLLER'S SEAL STATE OF CONNECTICUT

STATE OF CONNECTICUT

NANCY WYMAN
COMPTROLLER
OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MARK OJAKIAN
DEPUTY COMPTROLLER

MEMORANDUM NO. 2008-33

September 19, 2008

TO THE HEADS OF ALL STATE AGENCIES

Attention: Agency Heads, Chief Fiscal Officers and Business Managers
Subject: Payment of Credit and Debit Card Processing Fees

As provided to you through notification from the Office of Policy and Management (OPM), a new method of remitting credit card and debit card processing fees will be implemented as early as October 1, 2008. Agencies must enter into a Memorandum of Understanding (MOU) with OPM prior to implementing this new method of processing fee payments.

Under the new fee payment method, a Non-PO Voucher will be created that charges revenue account 46300 "Refunds of Processing Fees" for such payments. All pending purchase orders posted in Core-CT that use the old expenditure coding should be closed and a Non-PO Vouchers utilizing account 46300 should be substituted. After executing the MOU (but not before October 1, 2008), agencies should prospectively code credit card and debit card processing fee payments to the 46300 revenue account.

For assistance in entering Non-PO Vouchers, please refer to the Core-CT Web-based Learning Assistant (WLA) - "Entering a Non-PO-Voucher".

Accounting questions relative to this new process may be referred to John Clark in the Comptroller's Budget and Financial Analysis Division at (860) 702-3350.

Sincerely,

Nancy Wyman
State Comptroller

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