Cash Handling

Last Revision: October 27th, 2006

Policy Statement

A system of strong internal controls for cash collections is necessary to prevent mishandling of funds, to safeguard against loss, and to protect employees from inappropriate charges by defining responsibilities in the Cash handling process.

Reason for the Policy

The establishment of internal controls over cash collections is necessary to prevent mishandling of funds and to safeguard against loss.

Responsible University Office

Office of the Treasurer

Who is Governed By This Policy

All University units, including departments, administrative offices, and affiliated organizations that handle the receipt of cash for any University related function, as well as all employees who collect cash on behalf of the University, are required to be familiar with the requirements of this policy.

Bonding Requirements

Employees must be able to be bonded by the University insurer to handle cash.