Generally, journal voucher payments are used to:

• Reimburse service-providing state agencies for goods or services rendered to, or on behalf of the first state agency; or
• Reimburse a second state agency for state funds the second state agency disbursed for program purposes. These journal voucher payments are considered interest neutral.

Agencies are required to make every effort to properly allocate state voucher payments between state and federal funds. In very rare cases, it may be necessary to finance payments from federal fund appropriations that later are journal transferred to state fund appropriations. However, these must be the exception and not the norm since such journal transfers reduce federal expenditures/disbursements and increase the cash balance in the federal fund which results in a state CMIA interest liability.

Guide to Financial Operations

REV. 03/19/2012