Chapter 2. Accounting Services
Section 2.8. Accounts Receivable
Cash Banks: Funds held by a unit (such as the Cashiers office, Central Ticket Office, Memorial Union) to process normal business transactions.
A number of specialized cash banks for various functions may be established only when specifically authorized by University policy or by written approval of the controller. The various banks are refund bank, container bank, and petty cash. Refer to sections 188.8.131.52. Authorized Departments, 184.108.40.206. Refund Bank, 220.127.116.11. Container Bank, or 2.7.10. Petty Cash.
The amount of coins and currency required for authorized banks may be determined by the department head on an as needed basis.
To establish a cash bank, do the following:
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