Georgia College and State University
Policies, Procedures and Practices » ADMINISTRATIVE SERVICES & CAMPUS OPERATIONS » FINANCIAL SERVICES » CASH MANAGEMENT POLICY
CASH MANAGEMENT POLICY
CASH MANAGEMENT POLICY
Cash management is the maximum use of temporarily available cash for short-term investment. An effective cash management program has six basic purposes:
Cash receipts are properly collected, managed, and safeguarded.
The appropriate revenue accounts are credited.
Accurate cash flow projections are developed.
Cash disbursements are controlled.
Good bank relationships are established.
Excess funds are invested.