Cash Handling: Difference between revisions
No edit summary |
No edit summary |
||
| Line 24: | Line 24: | ||
<br /> | <br /> | ||
[[General Accounting]] | [[SBIR/STTR Program Participation]] | [[Supplemental Compensation Plan]] | [[Facilities Management/Planning]] | [[Purchasing]] | [[Public Affairs]] | [[Facility Identification]] | [[Serving Alcoholic Beverages]] | [[Travel and Reimbursement]] | [[State Vehicles]] | [[Reproducing Copyrighted Materials]] | [[Credit Card Processing]] | [[Student Training Agreement]] | [[Volunteer]] | [[Cash Handling]] | [[Fraud]] | [[Assigning Research Lab Space]] | [[Space Scheduling]] | [[International Health Education]] | [[Faculty Personnel Records]] | [[Cellular Phone]] | [[Off-campus Graphic Design and Related Printing]] | [[Off-campus Photography]] | [[Tax Exempt Financing and Tracking of Both Qualified Use and Non-Qualified Use of Research Space]] | [[Secondary Logos]] | [[Social Media]] | [[General Accounting]] | [[SBIR/STTR Program Participation]] | [[Supplemental Compensation Plan]] | [[Facilities Management/Planning]] | [[Purchasing]] | [[Public Affairs]] | [[Facility Identification]] | [[Serving Alcoholic Beverages]] | [[Travel and Reimbursement]] | [[State Vehicles]] | [[Reproducing Copyrighted Materials]] | [[Credit Card Processing]] | [[Student Training Agreement]] | [[Volunteer]] | [[Cash Handling]] | [[Fraud]] | [[Assigning Research Lab Space]] | [[Space Scheduling]] | [[International Health Education]] | [[Faculty Personnel Records]] | [[Cellular Phone]] | [[Off-campus Graphic Design and Related Printing]] | [[Off-campus Photography]] | [[Tax Exempt Financing and Tracking of Both Qualified Use and Non-Qualified Use of Research Space]] | [[Secondary Logos]] | [[Social Media]] | ||
<br /><br /> | <br /> | ||
<br /> | |||
Policy No.: '''6054'''<br /> | |||
Effective Date: '''10/17/03'''<br /> | |||
Revised Date: '''12/29/12'''<br /> | |||
Reviewed Date: '''12/29/12'''<br /> | |||
<big>'''Cash Handling Policy'''</big> | <big>'''Cash Handling Policy'''</big> | ||
<br /> | <br /> | ||
=== Basis for Policy === | === Basis for Policy === | ||
It is the policy of the University of Nebraska Medical Center (UNMC) to establish good internal controls over the handling of cash and cash equivalents to adequately safeguard and properly record UNMC assets and to protect the employees who handle those assets. Further, it is the policy of UNMC to comply with all [http://www.nebraskalegislature.gov/laws/laws.php state regulations] regarding the deposit of cash and cash equivalents.<br /> | It is the policy of the University of Nebraska Medical Center (UNMC) to establish good internal controls over the handling of cash and cash equivalents to adequately safeguard and properly record UNMC assets and to protect the employees who handle those assets. Further, it is the policy of UNMC to comply with all [http://www.nebraskalegislature.gov/laws/laws.php state regulations] regarding the deposit of cash and cash equivalents.<br /> | ||
=== Authority Over Cash Funds === | === Authority Over Cash Funds === | ||
It is the policy of the University of Nebraska Medical Center that all cash funds on the UNMC campus will be under the control of the [http://mailto:ckirchner@unmc.edu Controller].<br /> | It is the policy of the University of Nebraska Medical Center that all cash funds on the UNMC campus will be under the control of the [http://mailto:ckirchner@unmc.edu Controller].<br /> | ||
=== Income Reporting === | === Income Reporting === | ||
Income collections and other monies received by departments for UNMC (other than those discussed in the following paragraph) will be submitted with a Cash Remittance Report generated using the Brain system to the Finance Cashier Office. Cashiering stations using the Brain (cash application) system should be compiling these reports on a daily basis.<br /> | |||
Income collections and other monies received by departments for UNMC (other than those discussed in the following paragraph) will be submitted with a Cash Remittance Report | <br /> | ||
Grants, contracts and donations receipts will be submitted with a [http://info.unmc.edu/media/cashiering/UNMC%20WBS%20Deposit%20Form.pdf Grants/Contracts/Donations Deposit Form] to [http://app1.unmc.edu/bus&fin/index.cfm?L2_ID=6&L1_ID=-1&L3_ID=46&CONREF=45 Sponsored Programs Accounting] in accordance with established [http://info.unmc.edu/dept/spaccounting/index.cfm?conref=12 guidelines].<br /> | |||
Grants, contracts and donations receipts will be submitted with a Grants/Contracts/Donations Deposit Form to [http://app1.unmc.edu/bus&fin/index.cfm?L2_ID=6&L1_ID=-1&L3_ID=46&CONREF=45 Sponsored Programs Accounting] in accordance with established [http://info.unmc.edu/dept/spaccounting/index.cfm?conref=12 guidelines]. | <br /> | ||
Departments receiving receipts on more of a periodic (non-daily) basis, not set up using the Brain system submit their receipts to the Finance Cashier Office with a completed [http://info.unmc.edu/media/cashiering/UNMC%20Cost%20Center%20Deposit%20Form.pdf Cashiering Deposit Form]. Receipts are to be remitted to the Finance Cashier Office within three business days of being received. | |||
=== Internal Controls === | === Internal Controls === | ||
Departments are required to establish the following internal controls over cash receipts (income collections) and imprest (change or petty cash) funds: | |||
Departments are required to establish the following internal controls over cash receipts (income collections) and imprest (change or petty cash) funds: | *Departments will maintain written detailed internal procedures describing the proper handling of each type of cash transaction. | ||
*Cash funds will be adequately safeguarded (i.e., kept in a safe, locked cabinet, or locked drawer) to reduce the risk of loss or misuse of cash funds. | |||
* Departments will maintain written detailed internal procedures describing the proper handling of each type of cash transaction. | *Departments will issue pre-numbered receipt slips in consecutive order for all income collection transactions and will retain a copy of all pre-numbered receipt slips. | ||
* | *Checks and other instruments of payment (i.e., money orders, traveler’s cheques, etc.) will be restrictively endorsed immediately upon receipt. | ||
* | *No funds administered by UNMC will be expended for articles or services which are for the personal use of staff or faculty members. | ||
* | *Personal checks will not be cashed for employees from income collections or imprest cash funds. | ||
* | *One individual (cash custodian) will be charged with the responsibility of imprest cash fund control. If custodianship is transferred to another person, that individual’s name will be submitted immediately to the [mailto:ckirchner@unmc.edu Controller] and the [mailto:terry.lilla@unmc.edu Finance Cashier Office]. | ||
* | *Imprest cash funds (change or petty cash funds) will be kept separate from other funds. | ||
* | '''Note:''' This does not preclude departments from keeping change funds in a cash register as long as daily reconciliations are performed to ensure that the change fund is intact and cash receipts reconcile to cash register tapes or to pre-numbered receipt slips. | ||
* | *Departments without petty cash authorization will contact the Purchasing Department for small disbursement options. | ||
*Imprest cash funds will be maintained at their authorized amount.<br /> | |||
Note:This does not preclude departments from keeping change funds in a cash register as long as daily reconciliations are performed to ensure that the change fund is intact and cash receipts reconcile to cash register tapes or to pre-numbered receipt slips. | |||
* Departments without petty cash authorization will contact the Purchasing Department for small disbursement options. | |||
* | |||
=== Auditing Cash Funds === | === Auditing Cash Funds === | ||
All imprest cash funds will be reviewed periodically and confirmed annually by the [mailto:ckirchner@unmc.edu Controller] to assist in maintaining proper accountability and internal control. In addition, written departmental cash handling procedures will be reviewed for conformity with UNMC policies and for proper internal control. | |||
All imprest cash funds will be reviewed periodically and confirmed annually to assist in maintaining proper accountability and internal control. In addition, written departmental cash handling procedures will be reviewed for conformity with UNMC policies and for proper internal control.<br /> | <br /> | ||
<br /> | |||
For more detailed information, see the [[Cash Handling Procedures]] or contact | For more detailed information, see the [[Cash Handling Procedures]] or contact the [mailto:terry.lilla@unmc.edu Finance Cashier Office]. | ||
<br /> | |||
This page maintained by [ | <br /> | ||
This page maintained by [mailto:dpanowic@unmc.edu dkp]. | |||
Revision as of 08:56, December 28, 2012
| Human Resources | Safety/Security | Research Compliance | Compliance | Privacy/Information Security | Business Operations | Intellectual Property |
General Accounting | SBIR/STTR Program Participation | Supplemental Compensation Plan | Facilities Management/Planning | Purchasing | Public Affairs | Facility Identification | Serving Alcoholic Beverages | Travel and Reimbursement | State Vehicles | Reproducing Copyrighted Materials | Credit Card Processing | Student Training Agreement | Volunteer | Cash Handling | Fraud | Assigning Research Lab Space | Space Scheduling | International Health Education | Faculty Personnel Records | Cellular Phone | Off-campus Graphic Design and Related Printing | Off-campus Photography | Tax Exempt Financing and Tracking of Both Qualified Use and Non-Qualified Use of Research Space | Secondary Logos | Social Media
Policy No.: 6054
Effective Date: 10/17/03
Revised Date: 12/29/12
Reviewed Date: 12/29/12
Cash Handling Policy
Basis for Policy
It is the policy of the University of Nebraska Medical Center (UNMC) to establish good internal controls over the handling of cash and cash equivalents to adequately safeguard and properly record UNMC assets and to protect the employees who handle those assets. Further, it is the policy of UNMC to comply with all state regulations regarding the deposit of cash and cash equivalents.
Authority Over Cash Funds
It is the policy of the University of Nebraska Medical Center that all cash funds on the UNMC campus will be under the control of the Controller.
Income Reporting
Income collections and other monies received by departments for UNMC (other than those discussed in the following paragraph) will be submitted with a Cash Remittance Report generated using the Brain system to the Finance Cashier Office. Cashiering stations using the Brain (cash application) system should be compiling these reports on a daily basis.
Grants, contracts and donations receipts will be submitted with a Grants/Contracts/Donations Deposit Form to Sponsored Programs Accounting in accordance with established guidelines.
Departments receiving receipts on more of a periodic (non-daily) basis, not set up using the Brain system submit their receipts to the Finance Cashier Office with a completed Cashiering Deposit Form. Receipts are to be remitted to the Finance Cashier Office within three business days of being received.
Internal Controls
Departments are required to establish the following internal controls over cash receipts (income collections) and imprest (change or petty cash) funds:
- Departments will maintain written detailed internal procedures describing the proper handling of each type of cash transaction.
- Cash funds will be adequately safeguarded (i.e., kept in a safe, locked cabinet, or locked drawer) to reduce the risk of loss or misuse of cash funds.
- Departments will issue pre-numbered receipt slips in consecutive order for all income collection transactions and will retain a copy of all pre-numbered receipt slips.
- Checks and other instruments of payment (i.e., money orders, traveler’s cheques, etc.) will be restrictively endorsed immediately upon receipt.
- No funds administered by UNMC will be expended for articles or services which are for the personal use of staff or faculty members.
- Personal checks will not be cashed for employees from income collections or imprest cash funds.
- One individual (cash custodian) will be charged with the responsibility of imprest cash fund control. If custodianship is transferred to another person, that individual’s name will be submitted immediately to the Controller and the Finance Cashier Office.
- Imprest cash funds (change or petty cash funds) will be kept separate from other funds.
Note: This does not preclude departments from keeping change funds in a cash register as long as daily reconciliations are performed to ensure that the change fund is intact and cash receipts reconcile to cash register tapes or to pre-numbered receipt slips.
- Departments without petty cash authorization will contact the Purchasing Department for small disbursement options.
- Imprest cash funds will be maintained at their authorized amount.
Auditing Cash Funds
All imprest cash funds will be reviewed periodically and confirmed annually by the Controller to assist in maintaining proper accountability and internal control. In addition, written departmental cash handling procedures will be reviewed for conformity with UNMC policies and for proper internal control.
For more detailed information, see the Cash Handling Procedures or contact the Finance Cashier Office.
This page maintained by dkp.