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Policy Number: 
3.21

Advances (Including Petty Cash and Accounts Receivable)

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.

Policy Number: 
3.21
Responsible Executive: 
Executive Vice President and CFO
Responsible Offices: 
Associate Vice President and University Controller
Date Issued: 
Monday, February 6, 2006
Date Last Updated: 
Wednesday, January 9, 2019
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: 
PDF icon University Policy 3.21, Advances (Including Petty Cash and Accounts Receivable)

Recent Changes to this Policy

01/09/2019: Changed "Vice President for Financial Affairs and University Treasurer" to "Executive Vice President and CFO" as Responsible Executive.

11/2/2018: Changed the per-transaction limit for petty cash to $75 from $25.

5/10/2018: Updated contacts, related resources, and hyperlinks throughout.

Keywords: 
Advances
Cash
Fees
Petty cash
Receivables
Reimbursement
Research
Travel

Cornell University Policy Office

395 Pine Tree Road, East Hill Office Building
Ithaca, NY 14850

CONTACT US

Email: policy@cornell.edu
Phone:  (607) 255-2800
Hours: 8:00 a.m. - 4:30 p.m., Monday – Friday

 


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