Policy University Management FMPM 200 - FMPM 399 - Assets FMPM 200 Overview - Assets & Cash Management
FMPM 200 Overview - Assets & Cash Management
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Intent
To set out the requirements regarding the establishment and maintenance of:
- A cash management system; and
- An asset management system.
Scope
Assets and Cash Management
Definitions
Policy and Procedures
It is the responsibility of the Chief Financial Officer to establish and maintain a cash management system (FMPM 210-239 and 300-309) which efficiently, effectively and economically manages all cash resources.
The cash management system, including adequate internal controls, must provide for promptly:
Identifying, collecting, paying and investing cash; and
Recording transactions involving cash.
The policies and procedures established and documented to manage cash assets are contained with the FMPM 210-239 and 300-309.
It is the responsibility of:
The Chief Financial Officer (FMPM 240-299, excluding 250 and 310-399); and
The Director, Human Resources (FMPM 250),to establish and maintain an asset management system (FMPM 240-299 and 310-399) which efficiently, effectively and economically manages all asset resources.
The asset management system, including adequate internal controls, must provide for:
Correctly identifying, acquiring, managing, disposing of, valuing, recording and writing off of assets;
If the cost of acquiring, maintaining or improving a physical asset is considered significant, conducting an evaluation before making the acquisition or carrying out the maintenance or improvement;
Reviewing the performance of completed significant assets to ensure the objectives in acquiring, maintaining or improving the assets were met;
Regularly maintaining the assets; and
Protecting the assets from loss.
In identifying, acquiring, managing, disposing of, valuing, recording and writing off of assets, the University must comply with the .
In recording land assets, the University must comply with the “Property tenure government land policy”.
The policies and procedures established and documented to manage assets are contained with the FMPM 240-299 and 310-399.
Related documents, legislation or 番茄社区 Statutes
“” published by Queensland Treasury
“Property tenure government land policy”- available from PMC Property Management Portal
“” - available from Department of Infrastructure and Planning
“”- available from Department of Infrastructure and Planning
For enquiries in relation to this FMPM Policy please contact directorfabs@jcu.edu.au
Administration
NOTE: Printed copies of this policy are uncontrolled, and currency can only be assured at the time of printing.
Approval Details
Policy Domain | University Management |
Policy Sub-domain | Finance |
Policy Custodian | Chief Financial Officer |
Approval Authority | Vice Chancellor |
Date for next Major Review | 08/2018 |
Revision History
Version | Approval date | Implementation date | Details | Author |
---|---|---|---|---|
21-1 | 04/02/2021 | 22/02/2021 | Updated position title – Director Financial and Business Services to Chief Financial Officer | Quality Standards and Policy Officer |
15-01 | 08/09/2015 | 09/09/2015 | Policy Sponsor and Approval Authority updated to reflect the approved Policy and Delegations Framework | Quality Standards and Policy Unit |
11-01 | 18/08/2011 | 18/08/2011 | Finance Committee (06/11) | |
01-01 | 12/2001 | 12/2001 |