Divine Petty Cash Audit Report

Prior to replenishing the fund the custodian should make sure that cash on-hand plus receipts equals the original balance of the fund.

Petty cash audit report. Petty cash and change funds totaled. Petty cash funds are required to be stored in locked boxes and kept securely in a safe or in a locked storage cabinet. Minimal Activity with some Petty Cash Funds 3 of 19 funds had no activity.

Custodians should replenish the fund when cash balance is low. Research petty cash funds counts are mandatory for each fund based on amounts as follows. 319 Internal Audit had previously recommended that the Managers Tool Kit included the protocol for petty cash and placed onto the councils intranet.

NRS 354609 provides for the establishment of petty cash accounts imprest accounts and revolving bank accounts to assist in the administration of any activities a local government is authorized to engage. Non-research petty cash cash equivalents and change funds counts are mandatory for each fund based on amounts as follows. It is because of the imprest system.

This is due to petty cash should always be the same as the prior period. All funds were counted and reviewed during audit fieldwork. Download this Petty Cash Reconciliation Sheet and prepare the balance sheet.

20700 as of December 21 2016unds were. AUDIT REPORT - PETTY CASH ACCOUNTS. 318 With the introduction of BCC and a petty cash review the number of petty cash floats has diminished.

This entailed unannounced visits on 18 of the 85 account holders during August 2010 as well as an overall review of the process for ensuring that all cash accounts are reported to. The Finance Department is responsible for distributing and documenting the petty cash for departments and. F issued to City departments.