Funds received by schools, departments, or units of the university must be deposited at the University Cashier’s Office by personnel from authorized receipt centers.
All university receipts must be deposited in compliance with General Statute 147-77, which requires that all revenues and receipts collected by a state agency shall be deposited no later than the next business day following the date of collection unless the amount of the receipts is less than $250. When as much as $250 has been collected, a deposit must be made.
Additionally, a deposit must be made at least once per week even when less than $250 has been accumulated, as well as at the end of the month. Each unit must establish operating procedures to ensure compliance with the General Statutes.
All checks received as payments of University Invoices (Form JVS-3) should be forwarded to Accounts Receivable at the University Accounting Office. Campus receipt centers should not deposit these checks with the University Cashier’s Office.
A Notification of Gift (Form BA-151) must be completed for all deposits coded to revenue object codes 0269 and 0270 and forwarded to the Development Office. See Section E, REG 07.30.02 – Receipt Centers – Deposit of Funds.
- REG 07.30.02 – Receipt Centers – Deposit of Funds
- Cash Management and Banking, University Controller’s Office
How do I deposit a check?