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Custodian Responsibilities
Overview
- Ensure all policies and procedures are in place and working.
- Establish good internal controls including:
- Separation of Duties
- Review expenditures to ensure that they are legitimate expenses for the University
- Ensure that all merchandise has been received
- Establish fraud prevention and detection measures.
- Co-ordinate fund verifications and reviews.
- Monitor activities to ensure that adequate fund levels are maintained. Custodians should request an increase or a reduction accordingly.
- Review reimbursement requests to ensure they contain proper documents.
Checks, checkbooks, and cash must be locked and stored in a secured area. Contact UW Police if you are unsure of your security measures.
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