Cash Management

 The Cash Management unit is responsible for university cash flow, short-term investments, cash forecasting and banking relations.

NYU's Cash Management objective is to control bank account balances and bank systems cost effectively, so that University obligations are adequately funded and cash is invested efficiently. 

Mission

• Actively manage the Working Capital Portfolio.
• Maximize returns consistent with safety of principal, liquidity, and cash flow requirements; minimize risk exposure.
• Ensure adequate cash flow and liquidity to meet University short and long-term cash requirements.
• Control bank account balances and bank systems cost effectively so that the University's obligations are adequately funded and cash is invested efficiently.
• Manage funding of foreign currency requirements.
• Provide a Daily Working Capital Report detailing current holdings, maturities and yields.
• Manage the opening and closing of all University bank accounts.
• Provide a monthly Cash Flow Summary Report.
• Project future cash flows and Working Capital requirements.