Hi Nicole,

Linked below are ODU's policies for travel advances for employees and students. 
 Although they do not include guidelines on how to prevent loss of these funds, 
the policies limit the amount that will be advanced.  For students, that limit 
is $100 and for employees, there is no specified limit but suggests $25 per day 
would be reasonable.  Advances for hotels will be made only if there is 
insufficient time to process a prepayment purchase order (for students, 
advances may also be made for airfare & registration fees under the same 
condition; employees have other methods of payment for those items).

Both policies state that the recipient is responsible for repayment of funds.  
Failure to repay the funds will result in a financial hold on a student's 
account or deduction of those funds from an employee's pay.  There is no 
specific provision for loss of funds.

http://ww2.odu.edu/af/finance/facultystaff/disbursements_processing/accounts_payable/travel_advances_employees_6_718.pdf
http://ww2.odu.edu/af/finance/facultystaff/disbursements_processing/accounts_payable/travel_advances_students_6_719.pdf


Donna

Donna W. Meeks  [Description: ODUlogoODUtagfullcolor]
Old Dominion University
University Policy Manager and
Executive Secretary to the Board of Visitors
225A Koch Hall
Norfolk, VA  23529
757-683-3072 / FAX 757-683-5679
[email protected]
http://www.odu.edu/ao/bov/
http://www.odu.edu/ao/polnproc/

From: [email protected] 
[mailto:[email protected]] On Behalf Of Nicole Goodman
Sent: Wednesday, June 25, 2014 1:20 PM
To: Institutional policy-related discussions
Subject: [acupa-l] travel advances

Hi,

I was wondering if any of your institutions have guidelines for employees who 
are issued travel advances (especially the large cash amounts) in how to handle 
the cash while traveling to reduce the chances of losing the cash or putting 
their safety at risk.

Also, do you have any language in procedures or policy that address a situation 
where an employee claims to have lost any of the cash?

Best,
Nicole

Nicole Goodman
BFA Budget Officer and Internal Controls/BFA Policy Coordinator
OM 403, MS - 9044
Western Washington University
*|360.650.2477    6|360.650.3037  *| 
[email protected]<mailto:[email protected]>

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