4.2 Deposit of Funds

(Amended 4/03)

Persons authorized to receive money for the University are accountable for all money received by them and must deposit such money promptly at the bank designated by the University. No part of these funds may be used for refunds or to pay bills or expenses unless special approval has been received from Accounting and Financial Reporting.

Refer to the cash handling policies and procedures document located at https://afr.fo.uiowa.edu/cash-handling and to information about the e-deposit system at https://treasury.fo.uiowa.edu/bank-deposit-edeposit-procedures