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Difference between revisions of "State Policies Regarding The Receipt of Funds"
From Appalachian State University Policy Manual
(Created page with "''Number from Table of Contents'' == Introduction == You may copy this page's source to start a new policy page. Be sure to remove or overwrite the examples. Second level heading...") |
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== Definitions == | == Definitions == | ||
| + | :[[Business Operations|500 Business Operations]] | ||
| + | :: 503 Cashier | ||
| + | :::503.1 State Policies Regarding The Receipt of Funds | ||
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| + | === Introduction === | ||
| + | |||
| + | === Scope === | ||
=== Definition phrase or word === | === Definition phrase or word === | ||
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: Definition summary | : Definition summary | ||
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== Policy and Procedure Statements == | == Policy and Procedure Statements == | ||
| − | + | State Regulations Reference - The North Carolina General Statute 147-77 , Daily Deposit of funds to Credit of Treasurer, is the governing regulation concerning the receipt and deposit of funds by the University. Briefly stated: | |
| + | |||
| + | Deposit to Credit of State Treasurer: | ||
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| + | All revenue and other receipts collected by a State agency, belonging to the State of North Carolina, shall be deposited to the credit of the State Treasurer in a depository bank as designated by the State Treasurer. Such funds shall be deposited on the next business day following the date of collection. State warrants received must be deposited directly with the State Treasurer instead of the local depository bank when the sum of the warrants exceeds $500.00. | ||
| + | |||
| + | Deposit All Receipts: | ||
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| + | Checks received by an agency are to be made payable to the order of that receiving agency. However, checks made payable to the State Treasurer are also acceptable. All cash collections are to be deposited. These funds are not to be disbursed as all disbursements must be made in accordance with official budgetary procedures and by checks drawn on the State Treasurer. Agency Definition: | ||
| + | For the purpose of this statement, the terms "State agency" or "agency" should be interpreted "University." | ||
| − | |||
Revision as of 20:45, 21 February 2011
Number from Table of Contents
Contents
1 Introduction
You may copy this page's source to start a new policy page. Be sure to remove or overwrite the examples. Second level headings should NOT be altered.
2 Scope
3 Definitions
- 500 Business Operations
- 503 Cashier
- 503.1 State Policies Regarding The Receipt of Funds
- 503 Cashier
3.1 Introduction
3.2 Scope
3.3 Definition phrase or word
- Definition summary
4 Policy and Procedure Statements
State Regulations Reference - The North Carolina General Statute 147-77 , Daily Deposit of funds to Credit of Treasurer, is the governing regulation concerning the receipt and deposit of funds by the University. Briefly stated:
Deposit to Credit of State Treasurer:
All revenue and other receipts collected by a State agency, belonging to the State of North Carolina, shall be deposited to the credit of the State Treasurer in a depository bank as designated by the State Treasurer. Such funds shall be deposited on the next business day following the date of collection. State warrants received must be deposited directly with the State Treasurer instead of the local depository bank when the sum of the warrants exceeds $500.00.
Deposit All Receipts:
Checks received by an agency are to be made payable to the order of that receiving agency. However, checks made payable to the State Treasurer are also acceptable. All cash collections are to be deposited. These funds are not to be disbursed as all disbursements must be made in accordance with official budgetary procedures and by checks drawn on the State Treasurer. Agency Definition:
For the purpose of this statement, the terms "State agency" or "agency" should be interpreted "University."
