Cash Management

The focus of the department is to provide cash management services for the $300 million of annual cash inflows and outflows of the university. In addition, this group manages the university’s $120 million of long term debt and $58 million draw down note facility. The primary responsibilities of this group are:

• maintain the accuracy and integrity of the university’s cash accounts which include accounts for credit cards, payroll, student refunds, accounts payable, and healthcare benefits.
• manage university’s bank accounts and services with JPMorgan Chase and Wachovia including the investment of excess operating cash.
• prepare cash flow projections for management, trustees, lenders, and rating agencies.
• oversee the university’s debt including management of the draw down facility, preparation of financial covenant calculations and other compliance schedules, and managing relationships with DASNY, MBIA, and Merrill Lynch.
• balance the accounts for New York State TAP Grants.

• prepare journal entries to record cash flows within the universities cash accounts
• reconcile cash accounts monthly
• prepare and release wire transfers
• disbursement of petty cash funds to OSA offices
• management of student refunds

	Please review our Policies and Procedures for additional information.
	Please review our Forms for additional information.

  Our Staff

The Cash Management Department is in Tead House on the Briarcliff Campus.