Funds Received by schools, department, or units of the Institute must be deposited at the Bursar's Office.
Normally, all funds received by a unit should be deposited no later than the next business day following the date of receipt. For instances in which a unit receives small amounts of cash or checks (total less than $100) which would not warrant a daily trip to the Bursar's Office, the funds may be held no more than five business days. Each unit must establish operating procedures to ensure compliance with the daily or weekly deposit requirements.
All deposits should be hand delivered to the Bursar's Office in order to comply with the twenty-four hour deposit requirement. The Bursar's Office is open each day from 8:30 to 4:00.
All checks payable to Georgia Institute Of Technology must be deposited to Institute Accounts. Funds may never be deposited to the Account of an Individual or an Account which has not been specifically authorized by the Controller.
Checks and cash must be kept in secure locations at all times.
The Deposit Remittance Form should be used as a transmittal sheet for deposits. Forms are available from the Bursar's Office. These forms may be copied for use by units at Georgia Tech.
You may refer to the example Deposit Remittance Form to aid you in completing the Deposit Remittance Form .