Cash Management Services

Maintenance of Cash Position

• Analyzing daily banking activity to maximize interest earnings
• Monitoring appropriated funds to insure accurate and timely posting

Implementation and Maintenance of New Legislation

• Working with technical staff to comply with legislative requirements
• Communicating new procedural changes to The University community

Management of Operations

• Credit cards
• Petty cash
• Lockbox
• System profiles
• Appropriations

Banking

• Daily administration of banking activity
• Management of ACH and wire transfer activity
• Administration of petty cash accounts
• Credit card operations (incl. equipment setup, personnel training, reconciliation)
• Lockbox activity
• Short-term investments
• Interest allocation
• Account reconciliations
• Relationship management with banks, investment firms and credit card companies

State Appropriations

• Implementation of Uniform Statewide Accounting System (USAS)
  (includes working closely with other State agencies, UT components, higher education institutions, and UT Austin personnel)
• Vendor payments (including warrant processing, research, correspondence)
• Cash reconciliations
• State Treasury deposits
• Facilitate reimbursement from Treasury for state expenditures paid from local cash in bank
• Maintenance of funds considered unclaimed property
• Process legislated accounting entries on behalf of all UT components
• Keep abreast of State Appropriations Bill and other regulatory media affecting higher education (including implementation of changes for reporting, voucher processing, and audit purposes)

Forms

• Wire Transfer Information Form*
• State of Texas Purchase Order Form*
• Wire Transfer & Foreign Draft Instructions*

Training

• Wire Transfers & Foreign Drafts**

Contact Cash Management

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