POLICY TITLE: Cash Management

APPLIES TO: All Divisions and Departments

ADMINISTRATIVE AUTHORITY: Division of Finance and Administration Chief Financial Officer (CFO)

APPROVED BY: Kentucky State University Board of Regents

NEXT REVIEW DATE: August 8, 2028

This policy provides the framework for managing Kentucky State University's (KSU) cash and cash equivalents. To mitigate risk, KSU shall maintain effective internal controls for all cash management activities, including the segregation of duties, physical safeguards, proper authorization procedures, regular reconciliation, and adequate cash flow management.

Includes currency, coins, checks, money orders, and other highly liquid assets received or disbursed by the university.

Processes designed to provide reasonable assurance regarding the achievement of objectives in the