The Office of the Vice President, Chief Financial Officer, and Comptroller announces updates to policy 10.3.1 Deposit Cash and Checks with University Bursar. These updates adjust the required amounts and timing of deposits.
Highlights Include:
- Adds a requirement to submit funds of $5,000 or more within three business days (including a completed department deposit form).
- Updates deposits required within five business days of receipt from $200 to less than $5,000 (including a completed department deposit form).
- Adds a requirement stating that if a unit uses armored car services to transport deposits and the pre-arranged pickup schedule can conflict with the three and five day timeframes IF the pickup schedule is regularly reviewed and adjusted as appropriate and approved by the University Bursar.
Contact
If you have any questions about these changes, please contact your university’s University Bursar Cashier Operations Office: University Bursar Cashier Operations Contact Information.
