RECEIPT AND DEPOSIT OF FUNDS	No. 5-3	Rev.  08-14-07
		Date 8-17-77

POLICY

A. The Chief Financial Officer will be responsible to insure that adequate record of all funds received by the University is maintained, identifying the payer and the purpose for which the funds were received. All funds received will be deposited intact in a designated depository daily whenever practicable but not later than three days after receipt as required by Utah Code Annotated 51-4-2(2)(a).

B. Funds received from federal sources will be separately accounted for and may be deposited in a bank account with other University funds except where the terms of the contractual agreement require that a separate depository account be maintained.