Cash Funds, both Petty Cash Funds and Change Fund, must be safeguarded against theft or misuse. In addition, Cash Funds must be kept physically separate from any other Change or Petty Cash Funds and separate from other department or personal money. All Cash Funds should be active and any inactive Cash Funds should be closed. Cash Funds are considered inactive if they have no activity during a fiscal year. All Cash Funds are subject to review by Banking & Merchant Services.
Banking & Merchant Services is responsible for the stewardship of the University’s cash and investments, including Cash Funds. This directive provides assurance that Cash Funds will be well-safeguarded, appropriately managed, and properly used.
All University departments.