Regent Authorizations
Per Regent authorization in 1996, the Treasurer is authorized to open bank accounts which are necessary for conducting University business, to designate signers on bank accounts, and to close bank accounts.
Per Regent authorization in 1998, the Treasurer of the University of Colorado is authorized to select and utilize services from the full range of cash management services available. These services may include warrants, checks, positive pay, electronic funds transfer (EFT), Automated Clearing House (ACH), wire transfer, retail and wholesale lockboxes, direct debits and direct credits, and other new payment and collection instruments and services that become available. The Treasurer is authorized to determine the scope and combination of these services that are most effective to protect the assets of the University, to provide services to customers and suppliers, to reduce the cost of transactions, to improve the speed and predictability of transactions, and to provide information concerning these transactions. The Treasurer will ensure that these services are secured in accordance with the University’s procurement rules.
Bank Account and Investment Account Restrictions
Administrative Policy Statement #4004
Identifies the Treasurer as the sole officer authorized to open and maintain bank, custody, broker, and safekeeping accounts on behalf of the university which are not specifically authorized by the Board of Regents.
Banking Supplies
The following banking supplies can be ordered from CU’s banking supply vendor; please contact treasurer@cu.edu for more information about the process and pricing.
Endorsement Stamp
- Approved endorsement stamps are required for any department accepting checks.
Remote Capture Supplies
- Cleaning pads & alcohol swabs for cleaning the “Panini” scanner
- New ink cartridges to replace low ink cartridges
Deposit Slips for bank account deposits
Cash Vault Supplies
Electronic Payment Instruction Requirements
The Treasurer's Office needs specific instructions in order to make an electronic payment. This information should be gathered as an integral part of creating the obligation that leads to payment; that is, you should obtain the necessary information while you are negotiating the initial contract, arranging the transportation, discussing the lecture honorarium, and so forth. (that is, it is more efficient to get this information earlier rather than later.) Each type of payment has specific information requirements. Please review the type of payment you need to have made to see the instructions for that payment. Note that ALL payments for products or services must first be approved by the Procurement Service Center (PSC).