Cash Receipts and Deposits

Effective Date: July 1, 2003

Last Reviewed: July 1, 2015

Interim Date: July  21, 2015

Purpose

To describe the policy and procedure for recording and processing cash, checks, money orders, and credit card payments received by any College revenue units for deposit and credit to the College accounts. Units of the College include schools, divisions, departments, student organizations, and other subsidiaries identified in the Organizational structural

Policy Statement

This policy establishes the requirements for recording and depositing funds received by any College unit or representative.

Only a representative from the Office of the Treasurer is authorized to deposit cash receipts directly to a College bank account.

Only authorized units may deposit credit card payments directly to a College bank account. The Treasurer’s office is responsible for review and approval of all unit requests for permission to accept and deposit credit card payments.

This policy is currently awaiting approval. You can view the interim policy to the right or by clicking here.