Terminology
What is considered "cash"
When most of us think of cash (and who hasn't), we tend to think of paper money and coins. And that is certainly true.
But Business and Finance Bulletin BUS-49, the UC policy related to cash handling, when it refers to cash, it is really talking about a much broader spectrum of financial items. The goal of this page is to clarify the various forms of payment and other items that are included in the University's definition of cash.
In the USA, our currency is expressed in dollars and cents. Both bills and coins, in all denominations, make up our currency.
Cash as defined in BFB BUS-49 includes all of the following:
Cash and cash equivalents:
| • | Currency | • | Bank notes | |
| • | Checks | • | Traveler's checks | |
| • | Credit card recordings | • | Cashier's checks | |
| • | Money orders |
Securities are items that are easily transferable or converted into currency ($$$):
| • | Stamps | • | Parking permits | |
| • | Tokens | • | Tickets - for example for entertainment, meals |
E-Commerce
| • | Debit & credit ACH transactions | • | Other forms of electronic funds transfers (EFTs) |
All of the above items are treated the same and will be referred to as cash. When you are asked how much money does your unit receive or handle, you need to include all of the above items.
Last Revised 7/6/2006