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For any questions please send e-mail to: NDSU.Policy.Manual@ndsu.edu

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SECTION 503: RECEIPTING

SOURCE: NDSU President

All monies received shall be recorded accurately and on a timely basis. All University departments shall maintain appropriate receipt records. All monies received by departments must be deposited in full, on a daily basis, to the Customer Account Services Office, where the official receipt system is maintained.

Exceptions to this policy are as follows:

1. Grant and contract receipts should be sent directly to the Grant & Contract Accounting Office.



2. Units affiliated with Agriculture must deposit their non-grant & contract receipts at the Agriculture Budget Office, where they will be processed and forwarded to the Customer Account Services Office.



3. Incidental amounts (less than $200) must be deposited at least weekly.



4. Other exceptions and further details will be in the Accounting Office guidelines (http://www.ndsu.edu/accounting/guidelines/guide_process.shtml).

The Customer Account Services Office must deposit monies received intact, on a daily basis, to a local clearing bank account, as authorized by state law (NDCC 15-10-12).

HISTORY: February 26, 2001; August 2002; June 2007.