Policy 7-3-2: Bank Deposits
|Policy:||Policy 7-3-2: Bank Deposits||Date Adopted:||Mar 29, 2005|
|Department:||Finance & Administration||Contact:||Controller|
|Statement:||Process for depositing of cash and checks.|
Section 1: Procedure
- Controllers office and rural campus cashiering staff will deposition checks daily via the remote deposit process.
- Controllers office will deposit cash weekly. Additional deposits may be made as needed based on volume and amount on hand.
- As directed by the Controllers office, all other departments are required to deliver their deposits to the Controllers office every three days unless the total exceeds $500. For amounts of $500 or more, the deposit shall be daily.
|Date(s) Revised||Feb 14, 2022; May 3, 2011; September 2, 2008;||Date(s) Reviewed|