Cash Account Transaction & Approval Policy

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This sample policy directs company employees in regard to certain cash control activities, including the establishment of bank accounts, forecasting, and handling and approving cash transactions.

Sample procedures include: the company treasury department shall establish, administer and control each bank account in compliance with company general enabling resolutions and each relationship between the company and any bank; no other person is authorized to open, close or modify the terms of a bank account; and the treasury department shall be responsible to establish banking services and assure that instructions given to financial institutions are in compliance with general enabling resolutions.

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