301 - University of North Carolina at Chapel Hill Policy on Cash Management Plan

Introduction

Purpose

It is the policy of the State of North Carolina that all agencies, institutions, departments, bureaus, boards, commissions and officers of the State, whether or not subject to the Executive Budget Act, Chapter 143, Article 1 of the General Statutes, must devise techniques and procedures for the receipt, deposit, and disbursement of moneys coming into their control and custody which are designed to maximize interest-bearing investment of cash, and to minimize idle and non-interest earning cash balances. This policy must include the acceptance of electronic payments in accordance with G. S. 147-86.22 to the maximum extent possible consistent with sound business practices.

Policy

Policy Statement

The University must develop and maintain a cash management plan that shall include techniques and procedures for the receipt, deposit and disbursement of moneys coming into the University's control and custody which are designed to maximize interest-bearing investment of cash and to minimize idle and non-interest earning cash balances. The University must  submit its plan to the Office of the State Controller for approval and will maintain a copy of the approved plan for review by the Office of the State Auditor.

Exceptions

None.

Additional Information

Frequently Asked Questions

None.

Related Requirements

External Regulations and Consequences

None.

University Policies, Standards, and Procedures

Contact Information

Subject Contact Telephone E-Mail
General Cash Management Accounting Services - Cash Management 919-962-1601 cash_management@unc.edu

History

Revised:

  • April 13, 2017 - update cash management file
  • April 13, 2012
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Details

Article ID: 131484
Created
Thu 4/8/21 9:10 PM
Modified
Mon 5/8/23 11:49 AM
Responsible Unit
School, Department, or other organizational unit issuing this document.
Finance and Budget
Issuing Officer
Name of the document Issuing Officer. This is the individual whose organizational authority covers the policy scope and who is primarily responsible for the policy.
Issuing Officer Title
Title of the person who is primarily responsible for issuing this policy.
University Cash Manager
Next Review
Date on which the next document review is due.
03/27/2025 12:00 AM
Last Review
Date on which the most recent document review was completed.
03/27/2023 12:00 AM
Last Revised
Date on which the most recent changes to this document were approved.
12/20/2018 12:00 AM
Effective Date
If the date on which this document became/becomes enforceable differs from the Origination or Last Revision, this attribute reflects the date on which it is/was enforcable.
12/20/2018 12:00 AM
Origination
Date on which the original version of this document was first made official.
07/01/1999 12:00 AM