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Cash Advances

Article ID: 401
Last updated: 07 Jul, 2015
A cash advance is a request for funds to purchase goods prior to an event. Once the check is requested, it must be picked up prior to the event or it will be voided. A copy of the minutes authorizing the cash advance must accompany the voucher. For students, cash advances will be limited to no more than $300 per advance. An individual may only have one advance outstanding at a time and each club may only have one outstanding advance. All cash advances must be reconciled with original receipts totaling the amount of the advance or original receipts and cash totaling the advance. If the cash advance is not reconciled with SABO, within 5 business days after the date of the event, a hold will be placed on your club account. This will prevent you from being able to receive cash advances, prepayments for planned events, or reimbursements for purchased items.
Article ID: 401
Last updated: 07 Jul, 2015
Revision: 1
Views: 176
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