BA-1 Outside Bank Accounts

BA-1 Outside Bank Accounts

Purpose

Establish guidelines for college bank accounts.

Scope 

All college employees

Policy and/or Procedure 

No bank account, which in any way purports to be or appears to be associated with Green River College, can be established or maintained, without prior approval of the Vice President for Business Affairs and the Office of the State Treasurer. Without this approval, no college employee, student, club, or organization may use the name of Green River College, or the college's tax identification number in opening a bank account. All college revenue is to be deposited into an official college bank account through the college business office.

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Specific Authority 

RCW 43.08.015 (Cash Management Duties)
FAM Manual 60.20 (Banking)
SAAM Manual 65.10 (Financial Services Agreements)

Law Implemented 

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History of Policy or Procedure

Draft: November 30, 2004
Adopted: April 5, 2005
Revised:
Reviewed by:
Contact: Heidi Blackie, x5462
President's Staff Sponsor: Janee Sommerfeld, Exec Director Business Administration, x3306