General Controls

  • Monthly reconciliation of Lynx finance accounts and reports is completed and documented.
  • All bank accounts are authorized by Accounting Services.
  • Monthly reconciliation of Payroll Account Distribution reports is completed and documented for hourly employees.
  • The number of departmental individuals authorized to sign or approve financial documents is reasonable.
  • The authorized signers are full-time employees of the institution.
  • No overdrafts have occurred, and spending appears within budget in Lynx finance account.
  • All accounts are budgeted in Lynx finance account.

For a printable version of this report click here.