Fla. Admin. Code Ann. R. 6A-14.075 - Receipt, Deposit, and Withdrawal of Funds
Boards of trustees shall provide for the receipt, deposit and withdrawal of all funds received by the community college consistent with the following provisions.
(1) One or more
qualified public depositories, as required by Section
136.01, F.S., and defined by
Section 280.02, F.S., shall be
designated by the board of trustees for the deposit of all funds of the board
in accounts in the name of the board of trustees.
(2) All funds received by a community college
from all sources shall be deposited intact in a designated depository as soon
as practicable and a record shall be kept to identify the payer, the amount,
and the purpose. Funds received from federal sources shall be accounted for
separately, but may be deposited in a bank account with other college funds
except when the terms of such receipt require a separate depository account.
Direct support organizations of community colleges may separately receive and
deposit appropriations per Sections
1011.85(8)-(10),
F.S., and cash donations pursuant to Section
1004.70, F.S.
(3) Depository withdrawals shall be on
numerically controlled checks signed by two (2) persons authorized by the board
of trustees and bonded. Transfers of funds by electronic, telephonic, or other
medium shall be according to rules of the board of trustees, shall provide
adequate internal controls, and shall be confirmed in writing and signed by the
designee of the board.
Notes
Rulemaking Authority 1001.02(1) FS. Law Implemented 1010.01, 1010.02 FS.
New 12-19-74, Formerly 6A-8.131, Amended 5-14-85, Formerly 6A-14.75, Amended 7-20-04.
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