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Chapter 2. Accounting Services
Section 2.8. Accounts Receivable

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2.8.6.2. Container Bank


Definition

Container Bank: A cash bank to make container deposit refunds maintained at each department having in-house pop vending.


Policy

The Container Banks are to be in the amounts as may be necessary for the projected level of activity; generally not to exceed:

Gates Tennis Center - $5.00

Golf Course/Ski Hill - $10.00

Residence Halls - $100.00

Student Development Complex - $50.00

Union Building - $15.00

The Container Banks are to be replenished from the vending machine receipts with appropriate notation each time a sales report is completed.

Deposit returns are restricted to containers for the type of product dispensed by the unit.

History
Adopted: 11/13/2001

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