Records of University banking and cash administration.

Related Records | Responsible Unit | Information Steward | Information Confidentiality Classification | Retention | Disposition | Authority | Retention RationaleVersion Information

Content & Scope

The records include deposit slips, account statements, bank reconciliations, transfers, credit and debit memos, petty cash administration records, and related documents and correspondence.

Responsible Unit

Finance.

Information Steward

Vice President, Administration & Finance.

Information Confidentiality Classification

Confidential.

Retention

7 years.

Disposition

Secure Destruction.

Authority

  • Policy 51 – Cash Handling.
  • Procedure 8, Banking.

Retention Rationale

Income Tax Act, 1985, s. 230 (4) (b) specifies that records be kept for 6 years after the taxation year to which they relate.

Approval Date

14 April 2010