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3.21, Advances (Including Petty Cash and Accounts Receivable)

Policy Statement

Cornell 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.

Entities Affected by this Policy

All units of the university, including the Weill Cornell Medical College, which will establish separate procedures

Policy Information 

  • Responsible Executive: Vice President for Financial Affairs and CFO
  • Responsible Office: University Accounting
  • Dates: Issued: February 6, 2006
  • Contact: Your local college or unit administrative office or University Accounting

Violations of Finance Policy

Violation of a financial policy should be reported to your supervisor, your human resource representative, unit manager and/or the office responsible for the policy. Where these resources are inadequate, you may choose to make an anonymous report through the Cornell University Hotline.

View Official Policy*

University Policy 3.21, Advances (Including Petty Cash and Accounts Receivable)

*This PDF document is the official version of this policy.

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