RECEIPTING

Effective Date
July 1989
Last Revision Date
January 2026
Policy Owner
VP of Administrative Services

1. Policy & Purpose

It is the policy of the Board of Trustees that all money received by the College be receipted in accordance with National Association of College and University Business Officers (NACUBO), the Governmental Accounting Standards Board (GASB) and generally accepted accounting principles (GAAP). 

Last Review Date: January 2026

History
Adopted: December 31, 1968
Adopted: June 26, 1986
Revised: June 24, 1999
Revised: August 11, 2016
Reformatted: December 15, 2022
Revised: January 8, 2026

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Procedure 3130J

RECEIPTING

Effective Date
July 1989
Last Revision Date
January 2026
Policy Owner
VP of Administrative Services

1. Procedure

All receipting shall be done on the College’s computer system under the direction of the Associate Vice President of Finance. Each receipt must indicate the amount of the payment, a brief description, and whether the payment was made by check, cash, credit card, wire, ACH, or outreach payment. 

Last Review Date: January 2026

History
Adopted July 19, 1989
Reformatted April 19, 2010
Revised September 12, 2013
Reformatted December 10, 2020
Revised: January 8, 2026