Can the custodianship of an authorized change fund be transferred from one employee to another in the department by simply having the second party take possession of it?
NO, custodianship of a change fund may not be transferred from one person to another by simply taking possession of it. In the event that the authorized custodian must relinquish the fund permanently, General Accounting must be notified and a request to close the fund must be initiated. The transfer of the fund by the official custodian to a successor is prohibited. The actual funds will become available to the succeeding custodian after the change fund account has been formally closed, re-opened, and assigned a new change fund number. These requests should be directed to Doug Willis (dwillis@finance.ucla.edu or genacct@finance.ucla.edu). If the authorized custodian needs to transfer the funds temporarily (e.g. vacation, brief leave of absence) to another department staff member, then a request for a Temporary Transfer of Custodianship must be submitted to General Accounting. For assistance with this process, please contact Pat Romero (promero@finance.ucla.edu or genacct@finance.ucla.e
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