Tools

General Controls

• Monthly reconciliation of Banner finance accounts and reports is completed and documented.
• 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 approvers are full-time employees of the institution.
• No overdrafts have occurred, and spending appears within budget in Banner finance accounts.
• All accounts are budgeted in the Banner finance system.