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Home :: Policies :: Cash Management

Cash Management

Responsible Department
Comptroller
Effective Date
10/01/2015
  1. .

    Purpose

    The purpose of this policy is to clearly state the procedures for placing available cash with the banking or investment institutions.

  2. .

    Definitions

    Please see the University System of Georgia Business Procedures Manual at:  http://www.usg.edu/business_procedures_manual/

  3. .

    Statement

    1. The Comptroller’s Office is responsible for placing the available funds with the banking or investment institution(s), which offers the highest rate of return and the lowest fee rates while meeting State Depository Board approved criteria. Earnings from these investments are distributed among the various general ledger and revenue ledger accounts based on their fund balances.

    2. The University bids the banking services every five years in accordance with USG Business Procedures Manual section 9.1.2.

    3. Endowment funds are restricted to trust agreements and the detail of those cash and investment procedures are stated in the legal documents of each and invested accordingly.
  4. .

    Support Info

    1. For any additional clarification, please contact the Comptroller’s Office.

    2. This document replaces North Georgia College & State University/University of North Georgia Policy and Procedure 709.12 which was in effect from February 8, 2010 through the effective date of this policy.
  5. .

    Procedures

    Any related operating procedures must comply with and reference this policy.

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