1. Is there adequate segregation of duties in the cash handling process? Is the process designed where no one person can control it from beginning to end?
2. Are cash receipts greater than and/or equal to $100 per day deposited within 24 hours? Are deposits less than $100 per day deposited within 5 days or earlier if the total of deposits exceeds $100?
3. Are checks received restrictively endorsed immediately upon receipt?
4. Are monies adequately secured prior to deposit?
5. Are periodic surprise cash counts performed by management on petty cash and change funds?
   
   

Preparation and Transmittal of Departmental Deposits - Norman Campus

University Cash Handling Policies - Norman Campus