7. Paychecks, personal checks, or business checks, may not be cashed
out of undeposited cash receipts.
8. Undeposited cash receipts must be safe-guarded, preferably in a
combination safe that has been bolted to the floor or is otherwise
immovable. Use of locked strongboxes, while less expensive and more
convenient, are less secure than money safes, and their use to store
cash is discouraged.
9. Organizations will be held directly responsible for any unexplained loss
of cash receipts. Legal action will be taken if circumstances warrant.
Losses or thefts of cash must be reported immediately to Public Safety
and to Sub-Board I for insurance purposes.
10. Any check drawn against an organization's budget which is payable to
another student organization will be deposited directly by the SBI
Accounting Office and entered against the receiving organization's
budgetary revenue account(s).
7. Paychecks, personal checks, or business checks, may not be cashed out of undeposited cash receipts. 8. Undeposited cash receipts must be safe-guarded, preferably in a combination safe that has been bolted to the floor or is otherwise immovable. Use of locked strongboxes, while less expensive and more convenient, are less secure than money safes, and their use to store cash is discouraged. 9. Organizations will be held directly responsible for any unexplained loss of cash receipts. Legal action will be taken if circumstances warrant. Losses or thefts of cash must be reported immediately to Public Safety and to Sub-Board I for insurance purposes. 10. Any check drawn against an organization's budget which is payable to another student organization will be deposited directly by the SBI Accounting Office and entered against the receiving organization's budgetary revenue account(s).
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