It is the responsibility of the Administration to provide timely information to the Board of Control which will assist in the exercise of its fiduciary/oversight responsibilities.
The University administration is to reconcile all bank accounts monthly. If comparison of the University General Ledger to bank cash balance differs by $10,000 at any time within a fiscal year, the Administration must communicate this factor to the Finance and Audit Committee at its next meeting.
Adopted 3/12/91 VP-ABA
(989) 964-4045(989) 964-4045
Administration & Business Affairs