Amounts deposited in banks are placed in a separate account and not mixed with any other funds.
Sufficient currency is kept to meet the daily needs of each campus.
Vouchers paid before having reimbursement claimed are counted as part of the cash fund. However, those vouchers that are of a material amount are reported as a receivable. Recognition of expense - Vouchers paid are periodically reimbursed either from state funds or local funds. In all cases, the expense is recognized and entered into University accounts the same time reimbursement vouchers are processed. Disbursements may be made by using the appropriate voucher, payroll cash payment form, or cash advance which has been properly approved.