Cash Handling Controls

Policy number: 
10.006
Policy description: 

The University is committed to establishing strong internal controls for handling cash to ensure these assets are protected, processed in an accurate and timely manner, and properly reported.

See full policy (PDF): 
PDF icon Cash Handling Controls
Policy owner: VP for Finance and Administration
Policy contact: 
Larry Worthy
Special Assistant to the CFO
Division of Finance and Administration
Applies to: 
Faculty, Staff, Students, All University
Date Issued: 
Friday, August 1, 1997

Last updated: 

Date: 
2016-10-11
Action: 
Revision
Comments: 
Revised to address the items highlighted by the University-wide cash handling management review. This revision provides definition for demand deposits, language requiring documentation of cash handling authorizations, separation of duties, requirement of when deposits must be made to align with other cash related policies, and a cash handling template. Effective 10/11/2016.
Date: 
2010-09-30
Action: 
Revision
Comments: 
Revised to clarify the responsibilities of each university department that accepts cash for university business. Additionally, all guidelines and internal administrative procedures have been removed from the policy and transferred to a document maintained by Student Accounting & University Cashiering. Effective 9/30/2010.