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common records schedule

Finance

Records relating to the management of York University and unit financial resources.

FIN11

Accounts Receivable

Consists of records relating to management of accounts receivable and revenue controls. Records may include credit card payment forms, invoices, journal vouchers, receipts, collection records, related documentation and correspondence. Records relating to student accounts are covered under a separate file class. University Secretariat for royalties on licenses to use the University's marks and names on merchandise, University Events and Campus Relations for summer program subsidies, Libraries for library services, Printing Services for photocopy services,Sport and Recreation for membership and programs, and Bookstores for sales.


Office of Primary Responsibility

Finance

For other offices, see description above

Retention

7 years after collected or deemed uncollectible

Disposition

Destroy


Other Copies

Retention

2 years after last action

Disposition

Destroy


See Also

FIN18 - Student Accounts


Retention Rationale

The Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.) s.230 (4)(b) requires that books and records be kept until the expiration of six years from the end of the last taxation year.


Approved by University Secretary and General Counsel on 2008-06-20