Cash Management

Cash Management is responsible for managing the University’s cash resources, which includes forecasting cash flow, investing excess cash, and arranging for borrowing of funds when necessary. Cash Management is also responsible for managing the University’s liquidity position and ensuring that sufficient funds are available to meet financial obligations. This department also manages the banking administration of the University, including opening and maintaining bank accounts, reconciling account statements as well as ensuring compliance with applicable laws and regulations.

MAINTAINING SECURITY/PRIVACY OF BANK ACCOUNT NUMBERS 

Use One Drive to transmit documents with banking information.

BANKING

The establishment of bank accounts under the name of the University or accounts utilizing the University’s tax ID number can only be authorized by the University Controller. It is prohibited for any department or club to open a bank account using the University’s information without obtaining written authorization from the University Controller. According to Florida Statues, the University may only establish a bank account if it is designated as a qualified depository. All funds received by the University should be promptly deposited in a qualified public depository. Cash Management reports all open public deposit accounts to the State of Florida Chief Financial Officer annually, to comply with Florida Statues, Chapter 280.

POSTING INCOMING PAYMENTS

Are you expecting an incoming payment via ACH? Let us know ahead by sending an email to treasury@xuemengzhilv.com.

HAVE QUESTIONS? CONTACT US!   treasury@xuemengzhilv.com