All financial management processes and actions are built upon sound financial and business principles and are carried out in accordance with Vancouver Community College (VCC; the College) policies, Generally Accepted Accounting Principles, and applicable legislation.

This policy sets out guidelines for the safeguarding and handling of cash and cash receipts at VCC. These guidelines establish the proper controls over all revenue sources and types of receipts, depositing and recording funds, and maintenance of an appropriate financial control framework, while permitting the balance of risks, costs, and efficiencies.