Cash Receipts
Procedures for determining when and how the university will advance its financial resources and collect, or otherwise clear, these advances.
Policy Statement
The University applies consistent standards and procedures to enable appropriate stewardship of its assets, cost-effective business practices, and accurate financial reporting. This policy establishes specific procedures for determining when and how the university will advance its financial resources and collect, or otherwise clear, these advances.
Reason for Policy
Adelphi University, as a public institution and steward of public funds, is responsible for ensuring that all cash receipts for University activities are deposited into the appropriate official University bank account in a timely manner.
Who Is Governed by this Policy
Faculty and Staff
Policy
Refer to the “Cash Receipts Policy” (page 10) in the Financial and Administrative Policies (FARG).
Definitions
This policy does not have definitions associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.
Forms
Financial and Administrative Reference Guide Forms:
- Cash/Checks Received Log (XLS)
Related Information
This policy does not have related information at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.
Document History
- Last Reviewed Date: April 11, 2023
- Last Revised Date: April 11, 2023
- Policy Origination Date: Not known
Who Approved This Policy
Michael Rhattigan, Chief Financial Officer
Policy Owner
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Contact
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Levermore Hall 201
Secondary Contacts
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Contact
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Levermore Hall 201B