| Policy number |
2.11.2020.U
|
|---|---|
| Policy category | Financial |
| Responsible department |
Vice-President, Finance and Administration
|
| Approval authority | Vice-President, Finance and Administration |
| Original approval date | |
| Next review date |
Policy Summary
A cash advance is a cash payment to an individual to cover future expenses after all other University payment options have been examined. The purpose of this policy is to describe Nipissing University’s processes concerning cash advances. The policy also defines responsibilities for claimants, approvers, and Finance staff to ensure advances are properly managed, reconciled, and repaid when necessary, supporting responsible stewardship of university funds.
In this policy, you will find:
- Purpose
- General Information
- Definitions
- Policy
- Requesting a Cash Advance
- Clearing/Repaying Cash Advance