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Cash Handling Procedures: Difference between revisions
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*To establish a new cash fund or to increase an existing cash fund, send a written request to the Controller (zip code: 5075), specifying the type of cash fund (change or petty cash) needed or the reason an increase is requested. | *To establish a new cash fund or to increase an existing cash fund, send a written request to the Controller (zip code: 5075), specifying the type of cash fund (change or petty cash) needed or the reason an increase is requested. | ||
*A justification for the fund, the name of the person charged with the responsibility of fund control (cash custodian), the appropriate company center, the amount requested and the planned storage location for the cash fund should also be included in the letter. | *A justification for the fund, the name of the person charged with the responsibility of fund control (cash custodian), the appropriate company center, the amount requested and the planned storage location for the cash fund should also be included in the letter. | ||
*The request and justification will be reviewed and discussed with individuals requesting the funds before being approved or disapproved. The task of review and discussion may be delegated to the | *The request and justification will be reviewed and discussed with individuals requesting the funds before being approved or disapproved. The task of review and discussion may be delegated to others as designated by the Controller. | ||
*Following approval, the Finance Cashier Office will notify the cash custodian that the check is available. The cash fund custodian may pick up and cash the check during regular business hours. | *Following approval, the Finance Cashier Office will notify the cash custodian that the check is available. The cash fund custodian may pick up and cash the check during regular business hours. | ||
==Petty Cash== | ==Petty Cash== | ||