General Controls

Checklist

  • 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.