Making Deposits into University Accounts
Step 1: Preparing the Departmental Receipt
Step 2: Preparing the Deposit
Step 3: Additional Policies and Procedures
The Receivable Accounting Office is responsible for preparing the daily deposit for Central Michigan University, which we forward to Isabella Bank and Trust for processing. Isabella Bank and Trust requires that all deposits be prepared according to specific guidelines, and these guidelines should also be used by all university departments and personnel when preparing departmental deposits. University departments should submit their deposits to the Receivable Accounting Office in the Bovee University Center 119 in a timely manner. If checks and cash are stored in an office, they should be kept in a secure locked safe. To help you prepare your deposits, we have prepared a checklist for you to use.
We have also provided a printable receipt the department completes and attaches to their deposit. This will aid you in completing your departmental receipts and deposits accurately and completely, which will enable Receivable Accounting to process your deposits in a more timely and efficient manner.