The person performing the Fund Verification must verify all the money is accounted for, complete section A and C on the Revolving Fund Reconciliation form and submit to Financial Services. No additional documentation is required.

The individual must be independent from the fund and not listed as either an authorized check signer or custodian.

The independent review is done for the month end of June 30th. Please send the independent review in separately from a reimbursement request.

6/30 Bank statements

A copy of the fund’s June 30th bank statement should be sent to Revolving funds, Box 351120. This is used for annual reporting purposes.

Custodian Review

Two to three times as year, an email is sent verifying the identities of the custodian and authorized signers on the account. The Fund balance and other information on file may also be checked.

On Site Visits

Occasionally, the revolving fund contact will come out for an on-site visit. This will involve a review of the last few fund reconciliations and bank statements.