2 Custodial Funds

To ensure compliance with GASB Statement 84, the term "Agency Funds" has now been changed to "Custodial Funds".

• 2.1 Policies for Managing Custodial Funds
• 2.2 Determine the Need for a Custodial Fund
• 2.3 Request Approval for a Custodial Fund
• 2.4 Comply with Unit Liaison Responsibilities for a Custodial Fund
• 2.5 Expend Custodial Funds on Behalf of Owner
• 2.6 Process a Transaction between the System and the Owner of a Custodial Fund
• 2.7 Return Custodial Funds to the Owner