To facilitate the management of cash and certain temporary securities
of the University, a consolidated pool is used for the deposits
and disbursements of all cash received from the various activities
of the University. This pooling of the liquid assets in the Pooled
Cash and Securities fund maximizes the control and utilization
of the liquid assets held by the University. Each individual participating
fund has an equity in the consolidated pool based on their residual
pro rata contribution (i.e., the net of each fund's deposits and
disbursements of cash).
No entry should be recorded using the G/L account 100000, Equity
in Pooled Cash and Securities, except in an unusual situation which
has the prior approval of the Senior Director, Controller's Division. Normally, all entries to this G/L account are
system generated on a daily basis.
