Funds received in the departments after the cut-off time each day shall be deposited with the collections received the following business day. Each department and student organization is responsible for ensuring adequate procedures and controls over the temporary safekeeping of funds prior to their deposit with the Cashier's Office. Access to the funds be limited to the designated fund custodian. For those departments or student organizations which receive small amounts of cash on a irregular basis, while the daily deposit of cash is desirable, such daily deposit may not be practical or cost effective. Within this five workday period the monies must be deposited with the Cashier's Office.
All checks received are to be restrictively endorsed immediately upon receipt.
Under no circumstances will employees or students make disbursements from the department's or student organization's cash receipts. All cash receipts must be deposited with the Cashier's Office. Departments should not request checks to be made payable to the department or individual. Preparation and Transmittal of Departmental Deposits Daily Deposit of Service Area forms are required for all deposits. These forms can be attained from the Cashier's Office.