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Policy Title: Cash and Investments
Policy Department: Fiscal Operations
Policy Number: 8.001
Issue Date: 08/03/2011
Revised Date(s):
Board Resolution: -0
Policy Document(s):
Policy Statement:

Unless designated as a cash collection point, all College funds are to be received directly by Cashiers and Records (CARS). If approved as a cash collection point, all funds received must be deposited with CARS on the business day following the day of receipt, unless, at the end of a business day, the amount to deposit is less than $1,000 and the funds can be safeguarded. In that case, the deposit may be delayed until the third business
day, or when the amount on hand reaches an amount equal to or greater than $1,000, whi chever comes first.

Only the Treasurer has the authority to establish bank accounts on behalf of the College, including for all funds accounted for in Agency Funds.

Cross References:  ORC 9.38