Last Revised: Monday, September 28, 2020
Responsible University Administrator: Vice Chancellor, Business & Finance
Responsible University Office: Bursar
Policy Contact: Bursar's Office
Policy Contents
Scope
This policy applies to all department offices at the University of Nebraska-Lincoln(UNL).
Policy Statement
Cash cannot be withheld from a deposit for the purpose of adding to or creating a Change Fund. Change Funds are obtained, increased, or decreased only by approval of the Assistant Vice Chancellor for Financial Services through the Bursar’s Office.
A Change Fund is consigned to an individual, the Change Fund Custodian, within the department of the retail operation. The Change Fund Custodian is responsible for maintaining the Change Fund. If a change in staff or some other change occurs regarding this fund assignment, the Bursar's Office must be notified immediately. The Change Fund is consigned to the new Change Fund Custodian by completing the appropriate forms at the Bursar's Office.
Reason for Policy
This policy is intended to establish a cash fund to make change in a cash receipting detail operation.
Definitions
Change Fund – A cash fund established to make change at any department that allows cash transactions.
Change Fund Custodian – The individual assigned to be in charge of the change fund.
Additional Contacts
Bursar's Office - Questions/Interpretations
402-472-1734
History
- This policy was reformatted in 2020. No content edits were made.