Cash Deficits in Funds
600.110 CASH DEFICITS IN FUNDS POLICY
The president or designee is authorized to make such fund transfers as necessary to avoid negative cash balances in local operating funds at the close of a biennial accounting period. All such transactions will be reversed at the start of the next fiscal period.
Adopted by the board of trustees: 5/10/00
Last reviewed: __/__/__
Policy contact: Administrative Services
Related policies and procedures
None identified at this time