BS5780 - Cash Receipts Processing

1. Institutional Regulations
   
   All receipts of cash or cash equivalents shall be accounted for under Generally Accepted Accounting Principles.
    
2. Procedure
   1. All funds received by the College shall be delivered to the Campus Business Office, where the transaction will be recorded and prepared for bank deposit.
   2. To the extent possible, payments for DMACC services must be made directly to the campus Business Office.
      1. All funds collected by non-Business Office staff must be delivered to the Business Office on a daily basis for processing.
      2. Collections made outside the Business Office shall not be held overnight, but must be deposited in the bank’s night depository.
      3. Additional security is available and should be requested as needed.