System Business Officers

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Agency Accounts/Agency Funds

  • 1.  Agency Accounts/Agency Funds

    Posted 08-06-2018 12:50 PM
    I wanted to ask if any of the universities and/or colleges in the group handles agency accounts or agency funds for different organizations within their respective institutions. Will you be willing to share your policies? Do you allow departments within your institution to open and maintain agency accounts?

    Your input will be greatly appreciated.

    Thank you.

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    Nandy Baldonado
    Executive Director, Accounting
    Houston Community College System
    nandy.baldonado@hccs.edu
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  • 2.  RE: Agency Accounts/Agency Funds

    Posted 08-07-2018 09:19 AM

    We handle agency accounts as liabilities on our ledger.  The University does not provide any funds for the agencies and the departments cannot use their budgeted funds for the agency accounts.

     

    Scott K. Rosen
    Assistant Controller
    Arcadia University
    450 S. Easton Road
    University Administrative Building, Room 115
    Glenside, PA 19038
    Phone: (215) 572-4081
    Fax: (215) 572-4010