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Business and Financial Policies and Procedures
OBFS » Policies and Procedures » 10 Cash Handling


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  • Responsibilities
  • Keeping Cash Handling Records
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10 Cash Handling


10.1 Cash Handling Units

10.1.1 Obtain Approval as a Cash Handling Unit
10.1.2 Implement Internal Controls for Handling Cash and/or Checks
10.1.3 Comply with Cash Handling Unit Head Responsibilities

10.2 Accepting Cash and Checks

10.2.1 Accept Checks as Payment
10.2.2 Reconcile Cash Receipts Daily
10.2.3 Reconcile Cash Receipts Monthly

10.3 Depositing Money

10.3.1 Deposit Cash and Checks with University Bursar
10.3.2 Deposit Foreign Checks with University Bursar
10.3.3 Deposit Unit Funds Directly to the Bank

10.4 Returned Check Handling

10.4.1 Obtain Approval to Handle Returned Checks
10.4.2 Handle Returned Checks (Approved Units Only)

10.5 Bursar Change Funds

10.5.1 Establish a Change Fund
10.5.2 Responsibilities of a Change Fund Custodian
10.5.3 Change the Amount of a Change Fund
10.5.4 Change the Custodian of a Change Fund
10.5.5 Close a Change Fund

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