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Cash and Cash Equivalents Policy

 

West Virginia University Policy
Division of Administration and Finance

Policy Number: IARA-02
CASH AND CASH EQUIVALENTS POLICY

 

General Information

Reason For This Procedure:

To Whom Does This Procedure Apply:  

Definitions


Cash

All currency, coins and demand deposits maintained at banking institutions.

 

Cash equivalents

 

Highly liquid investments that are convertible to known amounts of cash; have an original maturity of three months or less at the time of purchase; and have insignificant risk of change in fair market value due to shifts in the interest rate.

 

Procedure                            

Responsibilities

Procedure Development

Implementation

Interpretation

Contacts

Additional information or questions regarding this procedure can be obtained by contacting:

Originally Issued: July 1, 2010
Updated: February 8, 2016
Approved by: Daniel A. Durbin, Senior Associate Vice President for Finance