NOTICE: The Finance Policies and Procedures Manual, along with the previous manual, is undergoing changes. These sites are continually updated to reflect changes in business processes. If you cannot find the information you are seeking in these policies, email financecomm@unc.edu for more information.
Policies and Procedures

Policy 301 – Cash Management Plan

Effective
July 1, 1999
Last Updated
April 13, 2012
Responsible University Officer
Cash Manager
Responsible Unit
Accounting Services

Policy Statement

The University shall develop and maintain a cash management plan that shall include techniques and procedures for the receipt, deposit and disbursement of moneys coming into the University’s control and custody which are designed to maximize interest-bearing investment of cash and to minimize idle and nonproductive cash balances. The University shall submit its plan to the Office of the State Controller for approval and will maintain a copy of the approved plan for review by the Office of the State Auditor.

Reason for Policy

It is the policy of the State of North Carolina that all agencies, institutions, departments, bureaus, boards, commissions and officers of the State, whether or not subject to the Executive Budget Act, Chapter 143, Article 1 of the General Statutes, shall devise techniques and procedures for the receipt, deposit, and disbursement of moneys coming into their control and custody which are designed to maximize interest-bearing investment of cash, and to minimize idle and nonproductive cash balances. This policy shall include the acceptance of electronic payments in accordance with G. S. 147-86.22 to the maximum extent possible consistent with sound business practices.

Exclusions

None.

Special Situations

None.

Procedures

None.

Additional Information

Frequently Asked Questions

None.

Forms and Instructions

Cash Management Plan 2011

Contacts

SUBJECT CONTACT TELEPHONE FAX E-MAIL
General Cash Management Accounting Services – Cash Management 919-962-1601 cash_management@unc.edu

History

Revised:
April 13, 2012