PART III- Contingent (Cash) Fund Procedures
- Authority: Section 20.285(2)(b), Wisconsin Statutes, authorizes the Board of Regents to establish cash funds.
- Responsibility and Limitations: The custodian is responsible for all contingent fund expenditures and should
ensure that balances are sufficient and that there are no payments of salary or wages to an employe without the prior approval of the UW System Office of Financial Administration. Each institution may establish other limitations for payments from the contingent fund.
- Preaudit: Transactions must be approved, fully documented and preaudited as outlined in Part II of this manual.
- Processing Center: Refer to specific instructions which the Processing Center may have for the submission of contingent fund transactions.