Department Holder and Project Holder Responsibility

Policy number: 
10.005
Policy description: 

University of North Texas employees are responsible for all funds entrusted to them and for all financial transactions made by them in accordance with applicable state and federal laws and University policies and procedures. The Holder is ultimately responsible and accountable for all financial transactions for their department/project.

Policy owner: VP for Finance and Administration
Policy contact: 
Walter Itoman
Assoc VP for Budget and Analytics
Budget and Analytics
Applies to: 
Faculty, Staff, Students, All University
Date Issued: 
Sunday, August 1, 1993

Last updated: 

Date: 
01/22/2020
Action: 
Revision
Comments: 
The policy was revised to align policy with Budget practice and to reflect new terminology resulting from an upgrade in the Financial System and Chart of Accounts.
Date: 
04/03/2012
Action: 
Revision
Comments: 
Revised to eliminate the requirement that DeptID holders certify monthly financial transactions for which this individual is the holder of record. Effective 4/3/2012.
Date: 
09/22/2011
Action: 
Revision
Comments: 
Requires that all funds entrusted to and all financial transactions made by its employees shall be managed in accordance with applicable university policies and procedures. Effective 9/22/2011.
Date: 
07/01/2007
Action: 
Revision