||STATE OF CONNECTICUT
THE STATE COMPTROLLER
55 ELM STREET
MEMORANDUM NO. 2014-08
TO THE HEADS OF ALL STATE AGENCIES
||Chief Administrative and Fiscal Officers, and Business Managers
||New Procedure for the Refund of Revenue
- I. AUTHORITY
- Section 4-37 of the Connecticut General Statutes provides that refunds of
payments are to be paid from the fund to which the original payment is credited.
To establish and disseminate a policy regarding the proper use of refunds paid
from the OSCIR business unit.
- III. REFUND PROCEDURES
- Effective July 1, 2014, refund items must be recorded as a reduction of revenue
against the fund into which the revenue was deposited.
- When processing a refund, agencies will use the OSCIR business
unit with revenue account 46200. Agencies will now use their own department and project id.
Each payment to the vendor must be set up as a one-time vendor
in Core-CT. The Department of Energy and Environmental Protection will continue to processes refunds
separately from the OSCIR business unit.
Questions may be directed to the Administrative. Services
Division of the Comptroller's
Office at (860) 702-3440.
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