Treasury

UND Treasury contributes to protecting UND’s financial resources by overseeing investments and cash flow, managing banking relationships and bank account accuracy, and coordination of credit card acceptance.

Key functions include monthly cash and investment reconciliations, daily banking operations, processing of department deposits, assisting departments with PCI compliance, creation of Nelnet storefronts, and guidance to departments on Treasury related questions.

Treasury Resources

Piggy Bank

Incoming Payments

Outgoing payment

Outgoing Payments

nelnet

nelnet

Credit Card and PCI

Bank Accounts

UND is bound by NDCC 54-06-08.1 and SBHE 810 (4) when establishing bank accounts, petty cash or till funds. A UND department is not allowed to open a bank account. All UND bank accounts are established with UND's Federal tax ID number and are established by the UND Director of Treasury.

Finance Updates

May journal entries and imports have posted

All journal entries and imports dated in May without budget error, approval error, or other error have posted to May. If a journal in workflow was dated in May but the approval workflow was not completed by 4pm on the fourth business day in June, the journal will re-start the workflow with a June date. […]

DRAFT 2026 IRS FORM W9 – Do Not Use

The IRS has issued a draft version of an updated Form W9 ‘Request for Taxpayer Identification Number and Certification’ dated as ‘Rev. June 2026’. Individuals searching online may find the draft version, which is clearly marked “TREASURY/IRS AND OMB USE ONLY DRAFT” and “DRAFT — DO NOT FILE”. This form will not be accepted for […]

Fiscal Year identifier on UND Marketplace payment requests

A field for requesters to identify which fiscal year an invoice should be paid against was activated on the payment request form in UND Marketplace today (Monday). The field [“Invoice to be applied to fiscal year“] is required and the person entering the payment request will need to select which year (FY26 or FY27) the […]

In the Vault: Checks Made Out to the Wrong Payee

If a department receives a check that is not made payable to the University of North Dakota, it cannot be deposited. All checks must list “University of North Dakota” as the payee and be issued in USD. If the payee is incorrect, contact the sender and ask them to cancel the original check and reissue […]