10xxxx: Pooled Cash

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I. GENERAL

To facilitate the management of cash and certain temporary securitiesof the University, a consolidated pool is used for the deposits and disbursements of all cash received from the various activities of the University. This pooling of the liquid assets in the Pooled Cash and Securities fund maximizes the control and utilizationof the liquid assets held by the University. Each individual participating fund has an equity in the consolidated pool based on their residualpro rata contribution (i.e., the net of each fund's deposits and disbursements of cash).

No entry should be recorded using the G/L account 100000, Equityin Pooled Cash and Securities, except in an unusual situation which has the prior approval of the Senior Director, Controller's Division. Normally, all entries to this G/L account are system generated on a daily basis.

II. G/L ACCOUNT DEFINITIONS

100099 Payroll Clearing Intercompany (Valid For: DUHS, Univ)
100100 Intercompany Vendor Settlement Account (Valid For: Central Use Only)