cash handling training - about us | budget office...cash handling procedures includes: authorization...
TRANSCRIPT
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Cash Handling Training
Allesanda GriffittBudget & Analytics
Larry WorthyFinance & Administration Assets Protection
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Key UNT Policies
10.024 – Sales & Receipt of Funds
10.017 – Petty Cash, Demand Deposits, Working Funds
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Cash Defined
• Bank Drafts, Personal, Traveler’s & Cashier checks
• Electronic Funds Transfers (EFTs)
• Credit/Debit Card Transactions
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Cash Handlers’ Requirements
Step 1:
• Complete Annually
• Document in EIS (PeopleSoft)
Step 2:
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Cash Handling Procedures
Includes:
Authorization of Persons to collect cash
Off-site Cash Collection Procedures (if applicable)
Security and Reconciliation of Cash
Office Over/Short Procedures
Record Retention Procedures
Template:
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Safeguarding Cash
Must have an actual safe with combination lock
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Accepting Checks
Payable to the University of North Texas
Current date (not post dated)
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Deposits
Requirements:
• Use Department Deposit Form
All cash received must be deposited within three business days
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Student Accounting
and University Cashiering Services (SAUCS)
Great to know:
• SAUCS Normal Hours 8:15am – 5:00pm, Monday through Friday
• Express window option for drop offs only
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Receipts
Issue receipt for each transaction
All receipts must be approved by SAUCS (maintain documentation indicating SAUCS approval)
Receipts should include the following:
Payer’s name
Amount paid
Service/product rendered
Receipt Log
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Counterfeit Currency
• Paper
• Portrait
• Watermark
• Security Strip
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Reconciliations
• Fund Balance
• Daily Sales
Great to Know:
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Cash Variances
Cash variances should be reported
Written record of overages/shortages must be maintained
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Refunds
No refunds from cash funds
• Processed through accounting
• Paid via check
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Larry Worthy Allesanda Griffitt
Finance & Administration Asset Protection Budget & Analytics
940 565 2680 940 565 3231