| Policy: | Policy 7-3-2: Bank Deposits | Date Adopted: | Mar 29, 2005 | |
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| Department: | Finance & Administration | Contact: | Controller | |
| Statement: | Process for depositing of cash and checks. | |||
Section 1: Procedure
- Controller’s office will deposition checks daily via the remote deposit process.
- Controller’s office will deposit cash every Tuesday and Friday. Additional deposits may be made as needed at the direction of the controller or designee.
- As directed by the Controller’s office, all other college offices/function shall make deposits to the bank or the WNC Controller’s office every three days unless the total exceeds $500. For amounts of $500 or more, the deposit shall be daily.
| Date(s) Revised | May 3, 2011; September 2, 2008; | Date(s) Reviewed |
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