Definition a. Income, as used in this OP, includes any payment to the University.
Cash funds fall generally into two categories, change and petty cash.
Change funds are small cash funds to be used only for the purpose of making change. Petty cash funds are large funds to be used for approved disbursements and are normally maintained in a bank account. Development and Approval of a Cash Control Plan a. The cash control plan is designed to provide maximum security for cash assets and to delineate fiscal and accounting procedures to facilitate the efficient handling of the accounts. The VPFA will direct the DAS to contact the affected department and assist in the development of a new cash control plan to remove the discrepancies.