Preparation of Bank Account Authorization
Scope | System References
| Policy | Responsibility
| Distribution | Ownership
This form is to authorize the operation of all University of Virginia
The completed original should be attached to the "Request for Petty
Cash, Petty Cash Checking, or Change Fund," if type of fund requested
is a petty cash checking account.
Note: Effective July 1, 1994 the dollar limit on petty cash checking
account requests is set at $2,500. Any requests requiring a fund balance
greater than $2,500 wll require special written approval from the appropriate
Dean or Vice President.
System References [Top]
Form: Bank Account Authorization
Obtain Blank Forms From: Fiscal Administrators, page 4.3.4, make copies
as needed; or Accounting Services, Carruthers Hall 924-4294
Forward Completed Forms To: Accounting Services, Carruthers Hall
This procedure corresponds to, and should be read in conjunction with:
Policy II.E.1, "Establishment and Operation
of a Bank Account."
Policy II.E.2, "Petty Cash, Petty Cash
Checking and Change Funds."
||Completes form and forwards to Accounting Services.
||Approves form. Returns to department.
||Presents Authorization to bank when account is opened.
||Certifies Authorization. Returns to Accounting Services.
Services is responsible for ensuring that this procedure is necessary,
reflects actual practice, and supports University policy.
The numbered items on the sample form should be completed as follows:
1. Date form prepared.
2. Name of account. Note: All University accounts are prefixed by either
"University of Virginia" or "UVA".
3. Purpose of account.
4. The expected length of time the account will be needed.
5. Name of department or activity, phone number and Messenger Mail address.
6. Signature, name, title of department or activity head.
7. Signature, name, title of individual(s) with checking account signatory
8. Source of funds.
9. LEAVE BLANK.
10. LEAVE BLANK.
End of Activity
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