Financial Policies

To establish sound cash management practices and ensure appropriate review of check disbursements.

To establish sound cash management practices and safeguard cash receipts against theft or loss

To facilitate the signing of checks when manual signatures are impractical.

Petty cash funds are used in order to provide change at retail locations for approved University activities. Petty cash funds can also be used in select research-related studies when alternative disbursement methods are not an option. The amount of the fund requested should be limited to minimum operating requirements to prevent theft.

The Office of the VP for Finance and Treasurer may authorize the use of separate bank accounts for Schools/Centers when operational constraints warrant this action.

To establish responsibility for and control ACH/wire transfers.

Income earned on the University’s cash balances is a General University resource. This policy pertains to the payment of a portion of this interest to University Schools and Centers.

To provide policy governing the structure and administration of Investment Funds.

To establish policies to govern the investment management of the University’s and Health System’s noncontributory defined benefit plans.

To establish policies governing the management of investments for all investments other than those of the University’s noncontributory defined benefit plan.