2:060 Cash Receipts
Adopted: 02/2004
Revised: 08/09/2016
Updated: 12/11/2020
Responsible Office
Division of Finance
POLICY STATEMENT
Departments that serve as cash receiving locations are to follow the provisions in the Cash Receipts Manual. Exceptions to be approved by the Division of Finance-Accounting.
An expanded definition and information for this policy are available under Resources below.
PROCEDURES
The following procedures assist in ensuring compliance with the above policy:
All funds received by the University must be deposited into the campus depository bank account. Monies must be secured and deposits must be made at least once daily. Transportation of monies to the Division of Finance-Cashiers is made in hand, not via campus mail.
Departments must provide a written or printed acknowledgment (receipt) for each transaction resulting in the payment or transfer of money to the University, made immediately upon completion of the transaction. A Cash Received Report (CRR) must be prepared in advance of depositing funds within the Division of Finance-Cashiers.
RESOURCES
Forms
- To access a Cash Receipt Report (CRR) form, log into UM Web Applications at https://webapps.umsystem.edu/, select the link for “PS CRR”.
- A Cash Receipts Reports (CRRs and ARRS) Training Guide is available through the University of Missouri System Controllers website