University Resources, Operations and Policies

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  • Business and Finance
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    Advances Policy


    Policy Statement

    Adelphi University provides advances of cash or other resources in limited circumstances to meet the business needs of the institution. This policy establishes these circumstances and the procedures for making such advances. This policy does not apply to any advance payment required by a vendor based on the terms of a purchase order.


    Reason for Policy                                                                    

    The University applies consistent standards and procedures to enable appropriate stewardship of its assets, cost-effective business practices, and accurate financial reporting. This policy establishes specific procedures for determining when and how the university will advance its financial resources and collect, or otherwise clear, these advances. This policy also establishes controls for petty cash funds and accounts receivable.


    Who Is Governed by this Policy                                         

    Faculty and Staff


    Policy

    Refer to the “Advances Policy” of the Financial and Administrative Reference Guide (FARG).


    Definitions

    This policy does not have definitions associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.


    Procedures

    This policy does not have procedures at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.


    Forms

    Financial and Administrative Reference Guide Forms:


    Related Information

    This policy does not have related information at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.


    Policy Owner 

    Robert DeCarlo
    516.877.3184
    decarlo@adelphi.edu              


    Secondary Contacts

    Denise Thweatt
    516.877.3199
    thweatt@adelphi.edu

    Adam Brower
    516.877.3198
    abrower@adelphi.edu


    Document History                                                      

    • Last Reviewed Date: September 7, 2017
    • Last Revised Date: September 7, 2017
    • Policy Origination Date: Not known   

    Who Approved This Policy                                                  

    Robert DeCarlo, Chief Financial Officer and Associate Vice President

    Michael J. McLeod, Assistant Vice President and Budget Director

     

    Categories:

  • Business and Finance
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