To minimize institutional risk, Cornell University discourages individual units from accepting cash and checks on its behalf. However, where this practice is unavoidable, Cornell expects those who accept cash and checks to safeguard these assets by applying appropriate internal controls, namely segregation of duties and securing and transporting these items appropriately.
Entities Affected By This Policy
All units of the university, including the Weill Cornell Medical College, which establishes separate procedures under University Policy 3.22.1, Accepting Cash and Checks (Weill Cornell Medical College - NYC).
Policy Information
Responsible Executive: Executive Vice President for Finance and Administration
Responsible Office: Office of the Treasurer
Dates: Issued: February 13, 2006
Contact: Your unit's administrative office or Cash Management
Violations of Finance Policy
Violation of a financial policy should be reported to your supervisor, your human resource representative, unit manager and/or the office responsible for the policy. Where these resources are inadequate, you may choose to make an anonymous report through the Cornell University's Hotline.
View Official Policy*
*The official version of this policy is available for download and printing by clicking on the "PDF Document" link.
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