All revenues and expenditures should be processed through campus approved accounts. Bank accounts should not be maintained without University approval.
Unauthorized petty cash accounts/funds should not be established by the project for any reason. All expenditures must be made from approved accounts.
Unannounced reviews of an IFR account's operation may be done at the discretion of University administration.
Collection on billed items should be received directly from the client by the Collections Office. Projects that have been authorized to collect funds should deposit them on time and in the same manner as received.