Cash Management Administrative Procedure for Federal and Non-federal Sponsored Funds
Procedure
This document outlines the procedures to account for funds received, obligated, and expended from award setup through closeout in the financial system of record, in accordance with 2 CFR 200.302, a section of the Code of Federal Regulations (CFR) providing rules for the Federal payment of Federal awards: “For recipients and subrecipients other than States, payment methods must minimize the time elapsing between the transfer of funds from the Federal agency or the pass-through entity and the disbursement of funds by the recipient or subrecipient regardless of whether the payment is made by electronic funds transfer or by other means.”
The document also discusses the University’s compliance with the cash management regulations of 34 CFR Part 668 Subpart K (668.162 Requesting funds), which establish the rules and procedures for requesting, managing, and returning Federal Student Aid (FSA) program funds.
Related Policies & Procedures
- Fiscal Compliance Administrative Procedure for Federal and Non-federal Sponsored Funds
- Cost Principles, Audit, and Administrative Requirements for Sponsored Activities Administrative Policy
Related Forms
- There are no related forms.