
	ACCOUNTABILITY The extent to which an organization is answerable for its processes and outcomes to a variety of relevant stakeholders including: consumers, community representatives, governing bodies, and governmental regulators.


	MANAGEMENT See ADMINISTRATION


	PRACTICE Established actions or ways of proceeding in the regular performance of organizational duties. Policies and procedures often guide practice.


	EXPENDITURE A payment or obligation to pay for some products or services received, which is typically planned for through the annual budget process of an organization as a specific anticipated operating expense.


	TERMINATION See CASE CLOSING

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	Financial Management

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FIN 8: Payroll

Payroll practices comply with federal and state wage and hour laws.

FIN 8.01

Payroll practices include:

review and approval of payroll expenditures;
documentation of changes in time and overtime records;
authorization of payment for new hires and severance for terminations;
oversight for mandatory deductions and pay rates; and
separation of payroll funds.

FIN 8.02

The organization assures annual reconciliation of gross pay, FICA withheld, and employer FICA with Federal Forms W-2.

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	PURPOSE: The organization’s financial accountability and viability are achieved through the application of sound financial management practices that accord with legal and regulatory requirements.

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