Cash
Management
School- SFO
MCPS Escheatment Process -School Level on SFO software
Cashed
Generate a list of
outstanding
checks over 180
days as of 12/31
Mark the checks
reconciled with the
notation
“Escheatment
Process”
Run SFO report to
verify the
information
Create a JV to the
holding account
for the checks
Issue the invoice
to schools
Pay MCPS
invoices through
iReceivables
Prepare a memo
approved by the
Principal to DOC
Escheatment
process (January March)
Vendor
requests new
check?
Escheated or
Cashed?
N
Create a JV for
checks without
response to FMS
escheatment
account
Y
Supplier
State
School -Bank
DOC-Payable
Y
Verify the check
Transfer to
State?
N
Issue a new check
against MCPS
FMS holding
account
Reconcile
December bank
statement
Forward the
supplier inquiry for
the escheated
Escheated
check to DOC
Cut the check
from FMS holding
account
Escheatment
process
Start
Send the money
and report to State
(October)
Supplier contacts
State Unclaimed
Property Division
Send the request
to School
Start