3.21, Advances (Including Petty Cash and Accounts Receivable)
Policy Statement
Cornell University provides advances of cash or other resources in limited circumstances to meet the business needs of the institution. This policy establishes these circumstances and the procedures for making such advances. This policy does not apply to any advance payment required by a vendor based on the terms of a purchase order.
Entities Affected By This Policy
All units of the university, including the Weill Cornell Medical College, which establishes separate procedures under University Policy 3.21.1, Advances (Weill Cornell Medical College - NYC).
Policy Information
Responsible Executive: Vice President for Financial Affairs
Responsible Office: University Accounting
Dates: Issued: February 6, 2006
Contact: Your unit's administrative office or University Accounting
Violations of Finance Policy
Violation of a financial policy should be reported to your supervisor, your human resource representative, unit manager and/or the office responsible for the policy. Where these resources are inadequate, you may choose to make an anonymous report through the Cornell University's Hotline.
View Official Policy*
*The official version of this policy is available for download and printing only by clicking on the "PDF Document" link.
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