Establishing Operation Accounts

Responsible Officer: Vice President for Business Affairs and Controller

Sponsoring Department: Accounting Services

Revision Date: 03 November 2004

Errors or changes to: aim@uta.edu

Procedures
  1. Operating accounts are established to maintain control of specific funds. To open an account, an Request for New Cost Center (Form 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.