|Policy:||Policy 7-3-2: Bank Deposits||Date Adopted:||Mar 29, 2005|
|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|