University Resources, Operations and Policies

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  • Business and Finance

    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.

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    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 Owner 

    Robert DeCarlo

    Secondary Contacts

    Denise Thweatt

    Adam Brower

    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 & Associate Vice President

    Michael J. McLeod, Assistant Vice President & Budget Director



  • Business and Finance
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