1503 - Signatory Authority

Document purpose

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

effective

January 1989

revised

April 2019

Reviewed

April 2020

Responsible Office

Treasurer

Approval

Treasurer

The Policy

  1. All checks written on University accounts in the amount of $50,000 or more must have two signatures, one of which must be the Vice President for Finance and Treasurer, Associate Treasurer, Executive Director of Financial Systems & Training, or Executive Director of Risk Management.

  2. Signing authority is determined by the Vice President for Finance and Treasurer or Executive Vice President.