GENERAL POLICY AND MANAGEMENT RESPONSIBILITY - 8201
(New: 10/2020)
Income and receivable transactions are closely related, and many of the policies address both types of accounts. State agency/department management must ensure that all receipts are processed and deposited timely. Income and receivables should be recorded timely, with the correct amounts, and in the proper accounts. Management should review and monitor income and receivables in a timely manner. Billed and collected receivables should be monitored and significant variances should be analyzed. In addition to the policies in SAM, agencies/departments must develop internal policies and procedures to ensure that amounts due to the state are correctly identified, tracked, managed, and collected on a timely basis.
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