ROWAN UNIVERSITY
Title: Unclaimed Property
Subject: Accounting Services
Policy No: FIN: 2015:02
Applies: University-Wide
Issuing Authority: President
Responsible Officer: Senior Vice President for Finance and CFO
Adopted: 01/30/2015
Amended: 12/02/2016
Last Revision: 12/02/2016
Sound financial management practices require the University to implement fiscal policies and procedures for reporting, paying, and/or delivering abandoned property to the State Treasurer.
Under the direction of the President, the Senior Vice President for Finance and CFO shall implement this policy and the Director for Accounting Services shall ensure compliance with the policy.
This policy applies to all faculty and staff who are involved in any financial activity on behalf of the University.
•Defines the guiding principles for financial control, essential department level requirements for financial control and provides an outline of the roles and responsibilities that are required by the University at each level of the organization.