Unreconciled financial transactions are researched and corrected in a reasonable period of time. The number and scope of department authorized signers are reasonable.
Spending appears to be within budget for the periods tested.
The department's petty cash funds are necessary and have procedures for control and reconciliation. The department does not have unauthorized bank accounts or charge accounts. Cash deposits are adequately secured, and sufficiently documented. The department's revenue-producing activities have established accounting procedures for compliance with IRS and state tax regulations. Operating Expenditures Check requests, including personal reimbursements, are properly authorized, sufficiently documented, and for appropriate University purposes.