Policies and Procedures
Policy 301 – Cash Management Plan
July 1, 1999
April 13, 2017
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.
Frequently Asked Questions
Forms and Instructions
|General Cash Management||Accounting Services – Cash Managementfirstname.lastname@example.org|
April 13, 2017 - update cash management file
April 13, 2012