Fiscal Operations Manual
Section 400: Expenditures
Effective: 01/01/2003
Revised: 12/02/2008

Multi-year renewals are allowable when there are substantial savings, except on grant funds with termination dates prior to the subscription expiration.  Do not renew more than 90 days in advance at fiscal year-end for annual subscription renewals so that the renewal charge will be expensed in the appropriate fiscal year.