Funds received by the university must not be deposited in checking, savings, or any other accounts at financial institutions. The use of the university's federal identification number by faculty, staff, or student groups on financial institution accounts is prohibited. Student Activity Accounts Student Fiscal Services administers activity accounts for the convenience of student groups and university related faculty and staff groups. These groups are encouraged to use activity accounts for university related activities. University funds, with the exception of statutorily identified fees associated with student publications, athletics, or student unions, may not be transferred to these accounts.
Sales made on behalf of activity accounts are subject to sales tax.
Student Fiscal Services is responsible for remitting sales tax to the State of Kansas for any taxable sales. Endowment Association Accounts Endowment Association accounts should be used only for contributions or bequests, certain grants, or other purposes specifically designated by the Endowment Association. Endowment Association accounts should not be used for receipts outlined in the two previous sections.