Departments are responsible for adequate security and control of their cash float. This cash should be secured at all times in a locked place. Because Please be advised that no insurance is available to cover cash float losses from the fund, therefore theft and any other losses of cash float losses are the responsibility of the department/college.
Cash float should only be used in the event of exchanging to provide change to someone paying with cash. Cash float should never be used to pay for goods or services.
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