What types of cash must be reported?
All cash maintained in your area of responsibility or in bank accounts that you have established should be included in the University’s financial records. This could include petty cash and cash on deposit with banking institutions. Please note that departmental petty cash funds are prohibited. The University Cashier is available for petty cash needs. Furthermore, departments do not have the authority to open bank accounts using the University’s name and Federal Identification Number. Please contact Kim Kvaal or Larry Cackler in Business & Finance if you need to establish a new USF bank account, have an existing account under departmental control, or have a departmental petty cash fund.
