Chapter 2. Accounting Services
Section 2.8. Accounts Receivable

2.8.2.6. Revenue Handling

The handling and processing of all receipts must be consistent with sound business practices and by as few departments as practical. Retaining cash receipts for any purpose by any person or department is strictly prohibited.

All cash instruments must be payable in United States funds.

Postdated drafts should not be accepted or held for later deposit.

All receipts are to be deposited intact at the Cashier's Office or the authorized depository (bank) on the day in which they are received. Departments receiving cash instruments during evening hours and on Saturdays and Sundays may deposit such receipts on the morning of the following business day. However, significant cash receipts must be afforded special handling such as a "Night-Depository".