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Corcan-Acceptance of Acquisition Credit Card

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DATE:

March 1, 1999

TO:

All Senior Financial Officers (SFOs)

SUBJECT:

Corcan-Acceptance of Acquisition Credit Card

This is to notify you that TBS has authorized Corcan to accept your regular commercial acquisition cards to settle purchase of goods from Corcan by federal government departments and agencies. We recognize that this is a minor deviation from policy, and advise that the following three conditions are part of the arrangement:

  1. It is an interim measure pending a comprehensive solution being developed by TBS and PWGSC.
  2. Corcan must assist OGD's with the accounting challenge.
  3. An evaluation of the initiative will be carried out in July 1999.

Please share this announcement with appropriate officials in your organization and ensure that the Corcan transactions are properly accounted for as interdepartmental transactions.

J. Colin Potts

Deputy Comptroller General

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