Cash Management

The Cash Management office is primarily responsible for procuring funds for State fund disbursements, reconciling State fund receipts and monitoring State fund expenditure integrity through journal entry review.

The office utilizes the North Carolina Financial System to procure funds and process incoming and outgoing transfers to/from other State agencies. Cash Management also monitors, and is a point of contact for, the setup of ACH and wire payments coming into the University on a daily basis. The office is responsible for reconciling and requesting Financial Aid funds for the University.

Cash Management is a point of contact on account setups for Wells Fargo and Bank of America accounts, the North Carolina Financial System, NCID, Core Banking, Wide Area Workflow and System for Award Management systems. Among our other duties, Cash Management performs ad hoc compliance reviews, administers University Fee distributions, monitors interdepartmental transfer activity and performs month end close procedures for State funds.