2-1 Establishing Operation Accounts
Revision Date: 11/03/2004
Origination Date: 06/30/1983
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Operating accounts are established to maintain control of specific funds. To open an account, an Account Profile and Request for New Account form, Exhibit 2-1, should be completed and sent to the Assistant Vice President for Business Affairs, Accounting Services for approval. Upon approval, the administrator of the account will be notified by *TXMAIL of the new account number. Questions concerning the use of the form should be directed to the Office of Accounting Services.
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Maintaining Operating Accounts
If any of the following change after an account has been opened, please complete and forward an updated Account Profile form to the Accounting Services Office:
Purpose
Source of Income
Expenditure Restrictions
Signature Authority
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Closing Operating Accounts
If an account is to be closed, the account administrator should forward a written (email is acceptable) request to the Office of Accounting Services. The balance of the account must be zero before it can be inactivated.