Integrated CSU Administrative Manual

CSU POLICY

--INACTIVE HISTORICAL POLICY--

Section:  GENERAL ACCOUNTING

Section 3000 Policies

Policy Number:  3101.01

Policy Title: Centralized Management of Cash and Investments

Policy Effective Date: April 1, 2011

Last Revision Date:  
(see revision history)

POLICY OBJECTIVE

It is the policy of the CSU that, unless otherwise authorized by executive order, decisions regarding the administration and management of all CSU cash and investments shall be the responsibility of the Executive Vice Chancellor/Chief Financial Officer (EVC/CFO) of the CSU or his/her delegates.


POLICY STATEMENT

The EVC/CFO shall develop and publish CSU-wide cash management policies and procedures and provide general coordination and guidance to Campuses. 

The EVC/CFO or his/her delegates shall have authority to:

  • Select the commercial and custodial banks, into which funds of the CSU are deposited and from which such funds are disbursed.
  • Designate the name of the CSU to all bank accounts and assume direct ownership of such bank accounts in order to make withdrawals from or close such accounts.
  • Designate representatives of the CSU who may sign checks or other orders for the payment of money, including Electronic Transfers of Funds (EFT), Credit/ Debit cards, wire and ACH transfers, and approve the use of instructions to banks to honor facsimile signatures. 
  • Make arrangements for internet payment services, lockboxes, electronic transfers of funds, escrow services, credit/debit card and other services to facilitate the collection or disbursement of funds.
  • Open, make amendments to, and close CSU bank accounts.

Benjamin F. Quillian
Executive Vice-Chancellor/Chief Financial Officer

Approved: February 4, 2011




APPLICABILITY AND AREAS OF RESPONSIBILITY

 

REVISION HISTORY

 

RESOURCES AND REFERENCE MATERIALS

Useful Guidelines:

 

Related Principles:

 

Sound Business Practices:

 

Laws, State Codes, Regulations and Mandates:

Senate Bill 1386


COGNIZANT OFFICE(S)

CO Manager:

Mr. Sean Boylan  
Cash Management Operations Officer, Resource Management Office
CSU Office of the Chancellor
sboylan@calstate.edu

Subject Expert:

Ms. Gay Kvilhaug
Accountant II
Maritime Academy
gkvilhaug@csum.edu

Ms. Maribeth Bradberry
Accounting Manager
Channel Islands
maribeth.bradberry@csuci.edu

Ms. Nancy Suarez
Director, Student Financial Services
San Marcos
nsuarez@csusm.edu

Ms. Jan Burnham
Student Financial Services
Chico
jburnham@csuchico.edu

Ms. Gina Curry
Director & University Bursar
Sacramento
felicianog@csus.edu

Ms. Cora Wong
Director, Student Financial Operations
San Francisco
coraw@sfsu.edu

Ms. Caryl Vickers-Harper
Assistant Director & University Cashier
Sacramento
vickersca@csus.edu


Affinity Group:

Students Accounts Receivable (SAR)

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