Finance
Records relating to the management of York University and unit financial resources.
FIN23
Banking and Cash
Consists of records relating to management of the University's banking. Records may include statements, transfers, reconciliations, deposit journals, Canadian and foreign drafts, cashed cheques, cash flow reports, service contracts, credit card activity and petty cash administration.
Office of Primary Responsibility
Finance
Retention
7 years after last action
Permanent for record of provincial government transfers and cash flow analyses
Disposition
Destroy
Other Copies
Retention
2 years after last action
Disposition
Destroy
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