Deposits will be made in a timely manner. All payments must be deposited into the Board-authorized accounts of KSU.
All disbursements must be appropriately authorized.
Bills will be paid within the legal limits granted by the vendor, but not aged to the point KSU will develop a reputation for slow payment.
All cash accounts will be reconciled monthly by individuals without access to cash, accounts receivable, or accounts payable.
RELATED POLICIES:
Cash Handling Policy
Business Policies and Procedures Manual