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Business and Financial Policies and Procedures

10.3.1 Deposit Cash and Checks with University Bursar

Policy Statement

Checks are a form of cash and should be handled with the same level of security and deposited with the same frequency as cash. Cash handling units must deposit cash and checks whenever they have collected $200, or within five (5) business days of receiving the funds. Do not send cash through campus mail.

Units should take steps to ensure the safety of their employees and the deposit. This may include having two people transport the deposit or make arrangements for armored car services or University Police escort. Contact University Bursar Cashier Operations to obtain more information about recommended security options.

Reason for the Policy

The University of Illinois requires units that receive cash, cash equivalent, and/or checks to deposit these funds with University Bursar when $200 is collected, or within five (5) business days of receiving the funds to minimize risk and ensure adequate safeguarding of the University’s funds.

Applicability of the Policy

This policy applies to all University of Illinois Cash Handling Units.


To deposit cash and checks:

  1. Endorse the back of the check via stamp or hand. Include “for deposit only,” unit name, and C-FOAP. Note: UIUC Cash Handling Units may provide the department form reference number in lieu of C-FOAP.
  2. Create an adding machine tape, check log, or equivalent listing the amount for each check and the deposit total for the batch. Write the unit's name on the adding machine tape, check log, or equivalent.
  3. Complete as appropriate either the Department Deposit form, Report of Cash Sales form, or the Report of Money Received form. Keep a copy in the unit’s records.
  4. Prepare and submit to University Bursar Cashier Operations:
    • One of the deposit forms listed in step #3. University Bursar Cashier Operations will retain original. If units want a copy returned, they should include a second copy with the deposit.
    • Checks and/or cash
    • Adding machine tape, check log, or equivalent (for checks)

University Bursar Cashier Operations processes deposits within three business days after receiving the funds and applicable deposit form. However, deposits with discrepancies will delay the process and are the unit's responsibility to resolve. University Bursar will contact the deposit preparer if there are questions.

At month-end, calendar-year-end, or fiscal-year-end, on the last business day of the appropriate fiscal period submit deposits by 2:00 pm to ensure processing in the appropriate fiscal period. Fiscal year for the University of Illinois is defined as July 1–June 30.

Forms Used in this Procedure

Department Deposit
Instructions for using the Online Department Deposit Form

Paper form:
    Report of Cash Sales (item #11485880) (available for purchase from the Urbana university iStores)

Related Policies and Procedures

10.2.1 Accept Checks as Payment

Additional Resources

University Bursar office locations and hours:

First Published: February 2008 | Last Updated: March 2023| Last Reviewed: March 2023

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