11.1.7 Cash Funds

Printable Version

Effective Date:

1-21-76

Revision Date:

6-22-18

Cash funds are issued in rare instances where the type of business a University Department is conducting with outside entities is sufficient to justify such a fund. 

Cash funds are to be used only for University business associated with the sale of merchandise or services to outside entities who cannot pay by any other means.  All Cash Funds will be approved by the Chief Financial Officer or his/her designee.  All custodians of any Cash funds must follow the procedures established by the Chief Financial Officer and the University’s Internal Auditor. 

Authority for Creation and Revision


Minutes of the Board of Regents, January 21, 1976; para. .1604M.
Minutes of the Board of Regents, April 22, 1981; para. .2392M.
Minutes of the Board of Regents, June 22, 2018


Last Review Date: June 2018


Cash funds are issued in rare instances where the type of business a University Department is conducting with outside entities is sufficient to justify such a fund. 

Cash funds are to be used only for University business associated with the sale of merchandise or services to outside entities who cannot pay by any other means.  All Cash Funds will be approved by the Chief Financial Officer or his/her designee.  All custodians of any Cash funds must follow the procedures established by the Chief Financial Officer and the University’s Internal Auditor.