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HomeMy WebLinkAboutAgenda Report - May 17, 2023 C-15CITY OF I I L b!q ZOO t CALIFORNIA AGENDA ITEM C*01!5 COUNCIL COMMUNICATION AGENDA TITLE: Adopt Resolution Authorizing City Manager to Implement a Citywide Cash Handling Policy MEETING DATE: May 17, 2023 PREPARED BY: Revenue Manager RECOMMENDED ACTION: Adopt resolution authorizing City Manager to implement a Citywide Cash Handling Policy BACKGROUND INFORMATION: The Revenue Division manages the City's cash handling and safety of all money received. There has been no formal cash handling policy, and this causes inconsistency in cash handling practices and the safekeeping of money throughout the departments. Currently, the Revenue Division has to recount money that a department has processed. This can lead to issues because too many people are handling the money instead of being handled by a solitary person. A formal cash handling policy in the City will give all departments consistency, best practices, controlled safekeeping, training, and accountability. The Revenue Division will train all staff regarding cash handling and counting and reconciling cash drawers before the execution of the policy. Each department will be given the tools to perform the duties to ensure the proper handling, safekeeping of monies, and balance of a drawer. Training to balance and reconcile a drawer correctly will eliminate the need for a second person in the Revenue Division to handle the money already processed by the initial department. In addition, this policy will help keep and maintain accurate records between cash drawers and the general ledger. The Revenue Division has created cash -handling training for each new hire and all employees to repeat every two years. Audits will be performed randomly on cash drawers to maintain the balanced integrity of the cash drawers and cash handling practices. Safes will be bought for each department that does not currently have one that bolts to a wall or ground to store checks and cash safely. Therefore, staff proposes implementing an Administrative Policy and Procedure titled Cash Handling Policy and provide the information needed to safely keep and handle money for the City. The policy was omitted from the original packet on the April 19, 2023 council meeting. FISCAL IMPACT: Purchase of Safes - $5,000 FUNDING AVAILABLE: 10020203.72359 OoAiemr XIg&j Andrew Keys Deputy City Manager/Internal Services Director Stephen Schwabauer, City Manager CITY OFhODI ADMINISTRATIVE POLICY AND PROCEDURE MANUAL ' - - SUBJECT, Cash C88h Hamdling Policy DATE ISSUED: May 17.2023 DATE REVISED-. Contents SECTION 1: General Statement ................................................................................................................... Z Section2: Definitions ................................................................ ............................................................ 2 Section 3: Responsibilities and Controls .................... .............................. ........ .................................... 2 Section 4: Internal Control ofCash ......................................................................................................... 3 Section 5: Training ofEmployees Authorized tmCollect Cash ............................................................. .... 4 Section 6: Approval Cash Collection Sites ................................................................................................ .5 Section 7: Cash Drawers and Safes ... .......................... ................................................ .......................... S Section 8: Processing Incoming Mail .................................................................................. ,.......... `........ 6 Section 9: Payment Drop Box Collections ................................... ....... ....... ............................................ 6 Section10: Receipts ..................................................................................................... .............................. 7 Section11: Cash Reconciliations ................................................................................. .............................. 7 Section 12: Over/Short Procedures ............ ...................................... ........................................................ O Section13: Bank Deposits ......................................................................................................................... 8 Section 14: Armored Vehicle Pick Upand Transfer ofCash ................. ................................... ................ 9 Section IS: Prohibited Transactions -------------------.—.~----~—.------.y Section 16: Counterfeit Currency ............................................................................................................ 1O Section 17: Employee Background Checks ................................. ..................... ...................................... 1Q Section 18: Authority toEstablish Bank Accounts ............... ....................................... ........................ 10 Updated — 05/17/2023 SECTION 1: GENERAL STATEMENT The purpose of this policy is to provide guidelines for City employees who handle cash in the course and scope of their job duties, including cash received by a City department for payment of a City debt, deposit, tax, or fee for service. This policy provides information and direction on how and when to collect and secure cash. All cash collection processes shall be performed within the delegated scope of authority and in compliance with all Federal and State law, City of Lodi Municipal Code, City policies and procedures, and generally accepted accounting principles. All documentation shall be maintained in accordance with the City's policy on record retention and storage. The Revenue Manager shall be the point of contact for questions concerning this policy. Section 2: Definitions Cash: Currency, coin, checks, money orders, credit card payments, debit card payments, other electronic payment media, and all other negotiable instruments payable to the City. Reconciliation: A procedure for confirming the reliability of the City's accounting records by regularly comparing balances of transactions to general ledger transactions. An account reconciliation may be prepared on a daily, monthly or annual basis. Overages/Shortages: A cash overage or cash shortage occurs when the cash received is more than the amount recorded by the cash register receipts ("over") or less than the amount recorded by the cash register receipts ("short"). Significant Loss: A cash shortage or loss over $1,000. Dual custody: Two or more unrelated individuals are present whenever cash is being handled. Section 3: Responsibilities and Controls 1. The City Council is responsible for approving the City's Administrative Policies, including the cash handling policy. The City Manager is responsible for the overall administration of cash collections for the City of Lodi and implementation of this policy. The City Manager will report any significant loss of cash to the City Council via written communication. 2. The Internal Services Director (ISD) is responsible for establishing Citywide practices, forms, and other actions necessary to implement the cash handling policy. The Revenue Manager (RM) is authorized and directed to implement the following tasks with approval by the ISD: a) Develop and implement methods of documenting all cash transactions. b) Report any theft of cash or failure to consistently follow the cash handling policy to the RM and ISD. Updated — 05/17/2023 2 c) Review Departmental cash records, including overages or shortages. d) Provide cash handling training to City departments and City employees. e) Review and approve Department level practices and procedures in the handling of cash, and assist City departments in implementing proper cash handling procedures. f) Conduct random and periodic internal control check audits on cash handling procedures and ensure compliance with this cash handling policy. g) Establish additional procedures that are consistent with this cash handling policy, to implement procedures for collecting, recording, transporting, and depositing cash. 3. Department Heads are responsible for implementing this policy within their department and to ensure employees adhere to this policy. Department Heads are authorized and directed to implement the following tasks: a) Implement additional department level procedures and actions that are consistent with this policy and subsequent procedures issued by the City Manager and/or ISD. All department level procedures must be reviewed and approved by ISD and RM prior to implementation. b) Ensure employees who are assigned cash handling duties have attended mandatory cash handling training and adhere to this policy and other department procedures. c) Collaborate with the RM to establish and maintain a system of procedures, documentation and reporting on the collection and processing of cash. d) Report any theft of cash to the RM, ISD, and or/City Manager, and City Council. e) Allow the RM or designee to make on-site reviews and observe the collection and processing of cash, and to review departmental collection records. 4. City employees are responsible for understanding and implementing this cash handling policy. a) Employees who have been trained may collect and process cash on a regular basis in the scope and course of their employment with the City. b) Employees who violate the cash handling policy may be subject to disciplinary action, up to and including termination of employment. Section 4: Internal Control of Cash 1. All funds received shall be accepted through the City's Enterprise Resource Planning (ERP) system, Tyler Munis/Tyler Cashiering, or any future system implemented within the City. To promote proficiencies for cash handling and provide detailed reports for reconciliation; the Tyler Updated — 05/17/2023 Munis System will accept, record and deposit funds received daily. When use of the Tyler/Munis system is not possible, then the department must establish a procedure that contains the elements of this policy. If the department is using a software program or system to receive payments, other than Tyler, balances in both systems must be in agreement with the General Ledger. The procedure must be approved in advance by the RM and ISD. 2. Separation of duties must be established for depositing, recording, and reconciling functions. The responsibilities for related activities should be assigned to different individuals and the responsibility for record keeping for funds should be separate from the physical custody of those funds. Related activities should be assigned to separate individuals to reduce the potential for errors or irregularities. 3. Cash receipts and account receivable transactions shall be processed daily to ensure accurate recording of transactions. Funds received shall be recorded in the same accounting period. 4. Funds shall be deposited daily to prevent the accumulation of excess amounts of idle cash and to reduce the exposure to theft or loss of funds. Alternate bank deposit schedules must be approved in advance by the RM and ISD. Consideration of alternative schedules will be based on transaction volume, dollar amount, and physical security of cash. 5. It is recommended that City departments establish daily and monthly procedures for department reconciliation to ensure accuracy of all accounting records. Timely reconciliation to the general ledger, other supporting accounting ledgers, and the bank must occur to detect errors, fraud or misuse. 6. The establishment of written internal cash controls by departments shall be reviewed periodically by the RM. If the RM identifies non-compliance with internal control directives, the ISD shall be notified immediately. Section 5: Training of Employees Authorized to Collect Cash The RM shall provide periodic training and/or recommend or require training opportunities, for all employees who are authorized to collect cash, supervisor cash collectors, and Department Heads/Division Managers overseeing cash handling functions, and any new employee in one of these roles. 1. Each department will notify the Finance Department of new employees who will need to complete cash handling training. 2. Any newly hired employee that will be handling money in the course and scope of their job will be required to complete cash handling training within 60 days of date of hire. 3. Cash handling training must be completed every 2 years. Updated — 05/17/2023 4 Section 6: Approval Cash Collection Sites The following City locations are approved for cash collection and cash balance retention (start-up cash) of the stated amount, in a secure location using physical security measures approved by the RM and ISD. This list may be updated from time to time for operational efficiencies or other business reasons, with the approval of the RM. Location City Hall - Finance Department Police Parks and Recreation —Administration Animal Services Library Hutchins Street Square Hutchins Street Square — Pool Enze Pool Lodi Lake Beach Lodi Lake Gate Transit Public Works Community Development Administration Section 7: Cash Drawers and Safes Cash Balance $1,600 — 9 drawers with $100/Safe Amount $700 $200 $250 $50 $100 $500 $50 $100 $200 $200 $100 No cash drawer No cash drawer No cash drawer 1. There should be an equivalent number of cash drawers or cash registers as there are employees who collect cash at each City location. Except as otherwise approved by the RM and ISD, all locations that receive cash should have a minimum of two cashier drawers. a) If unable to have more than one cash drawer due to work environment restrictions, a memo must be provided and signed off by the RM and ISD that states why the exception is needed. 2. Each drawer should be accessible by only one cashier until changeover or close. 3. The cashier must count and record their own cash drawer, including all funds received at opening, changeover, and close. a) If a changeover process is being utilized, due to work environment or other restriction, a memo must be submitted and signed off by the RM and ISD that explains why the exception is needed. 4. Cash must be physically protected during business hours through the use of a lockable cash drawer. Cash drawers must be locked whenever left unattended. Keys to cash drawers should be kept in a secure location, accessible only by employees authorized to collect cash and their Updated — 05/17/2023 5 immediate supervisor(s). A written record of employees having keys should be maintained by the department and a copy sent to the RM and ISD. a) The record of keys issued shall be updated when there are changes in the issuance of keys. 5. The cash balance/start-up funds should be segregated from cash collected, and a deposit prepared, at a predetermine time each day. 6. Completed deposits shall be secured in a safe until delivery to the Finance Department. 7. At the end of the business day, all cash drawers should be placed in a secure safe. 8. A supervisor shall conduct periodic audits to verify start-up drawers and verify activity throughout the day. 9. Cash maintained on City premises after business hours must be held in a safe that is secured to the building or wall, or as otherwise approved by the RM and ISD. Under no circumstance shall cash or checks be retained in any location other than the safe. A drop -safe is required for any cash that is held overnight for pick up by an armored car service. Locations where an armored car pick up is not provided, a deposit should not be held in safe longer than 1 business day (unless otherwise approved in writing by RM). 10. Two City employees must jointly open and close a safe (dual custody). a) If unable to have dual custody due to work environment restrictions, a memo must be provided and signed off by the RM and FSM stating why the exception is needed. Section 8: Processing Incoming Mail All requests for payment shall be made payable to the City of Lodi, Attention Finance Division, located at 310 W. Elm St., Lodi, CA. A copy of all invoices shall be entered into the City ERP system, Tyler Munis. Interoffice mailing of checks is strictly prohibited. Checks shall be treated as cash and not sent through the interoffice mail system. If a department receives a check they shall hand deliver the check to the appropriate department. Section 9: Payment Drop Box Collections 1. As of the date of this policy, two drop box sites are approved: a) Finance Department parking lot; and b) Finance Department Lobby 2. Authority to establish additional drop boxes may be granted by the City Manager. Updated — 05/17/2023 Two City employees must jointly open the drop box and collect mail from drop boxes. There are no exceptions to this two person rule. Section 10: Receipts 1. All cash collections must be recorded at the time of receipt by means of cash register tapes and receipts. Paper receipts must be pre-printed and have sequential numbering; dual numbered ticket rolls; or other forms of receipts as approved by the RM and ISD. Electronic receipts must be generated with sequential numbering. 2. Receipts shall be issued in numerical sequence. 3. For admissions where a cash register or cash receipt book is not available, a double -numbered ticketing system must be implemented. The tickets must be retained and used to reconcile cash against the number of tickets sold. 4. The customer is to be offered a receipt for all transactions. 5. Voided receipts must be signed and approved by a supervisor. Section 11: Cash Reconciliations 1. Cash collected in each cash register shall be counted daily by the cashier transacting in that drawer and balanced to the amount recorded on the cash register tape, batch, handwritten receipts or other approved forms of receipts. This activity should take place out of public view. 2. The cashier shall enter the amount of the cash receipts and the cash collected on a cash reconciliation form approved by the RM and ISD and sign the form. A second employee must compare and count the cash collected to the amount recorded on the cash register tape, batch, handwritten receipts or other approved forms of receipts, and countersign the cash reconciliation form. A copy of the cash reconciliation form shall be in the daily work and a copy maintained by the originating department to compare against actual deposits made. a) Secondary employee is to count cash that is to be deposited into bank account and verify all information is accurate and correct. After verification process is completed secondary employee is to sign the reconciliation form and seal deposit bag while in the presence of the employee who collected the monies. 4. The RM shall cause a monthly reconciliation of all department daily cash reconciliations to be completed no later than 30 days after month end. Updated — 05/17/2023 Section 12: Over/Short Procedures 1. A cash overage or cash shortage occurs when the cash received is more than the amount recorded by the cash register receipts ("Over") or less than the amount recorded by the cash register receipts ("Short"). 2. An Over/Short must be documented in Munis through an entry. Any cash register for which the cash collected is not equal to the amount recorded by the cash receipts or other accepted form of receipts must be reported (i.e., an out -of -balance cash register) to the department head and RM. Documentation of an Over/Short must be approved by a supervisor. If the Over/Short amount exceeds $20, documentation must be approved by the Department Head and forwarded to the RM. If the Over/Short amount exceeds $200, the documentation must be signed by the Department Head and forwarded to the RM, ISM, and the City Manager. d. Over/Short amounts that exceed $1,000 shall be reported to City Council, in addition to the RM, ISM, and the City Manager. 3. A signature on the documentation referenced in this section does not constitute approval of the Over/Short; however, it acknowledges that an employee experienced an Over/Short. 4. If there appears to be a pattern of Over/Short occurrences (regardless of the amount) or any other improprieties relating to cash handling activities, the information must be reported immediately to the Department Head and forwarded to the RM. S. Employee performance evaluations may include Over/Short occurrences, based on the frequency and/or magnitude of the Over/Short. Disciplinary action, up to and including termination from employment, may occur from a single occurrence or a series of Over/Short occurrences, depending on the circumstances surrounding one or more occurrences and the employee's MOU. Section 13: Bank Deposits Cash collected during a business day is required to be delivered daily to the Finance Division or may be deposited into a drop safe to be collected by armored car service the following business day. A deposit should not be held in the drop safe longer than 1 business day (unless otherwise approved in writing by RM). Daily delivery of deposit is required unless the amount accumulated is less than one hundred dollars ($100). For collection sites accumulating less than one hundred dollars ($100), cash must be deposited daily, unless prior written approval from the RM. All transporting of cash from a collection site shall be done by two employees, unless approved in writing by the RM and ISD. 2. Cash collected on weekends or holidays must be deposited daily into a drop safe, unless the amount accumulated is less than one hundred dollars ($100), in which case the cash must be securely maintained in a manner approved in writing by the RM and ISD. Updated — 05/17/2023 8 3. A deposit slip issued by the City -approved bank depository must be filled out for each deposit. 4. The total cash amount recorded on the deposit slip must equal the total cash recorded on the cash reconciliation form. 5. The deposit slip and cash should be placed and sealed in a deposit bag issued by the City approved depository bank, which at the time of approval of this policy is F&M Bank. 6. The deposit bag "tear slip", copy of the deposit slip, cash reconciliation form, and cash receipt/tape or other receipts must be submitted to the Finance Division no later than the next business day. All items shall be in a separate envelope, not in the sealed deposit bag. The RM will cause a weekly summary of deposit amounts to be forwarded to each department. Each department should reconcile the cash reconciliation form deposit amounts recorded in the report provided by the RM. 7. Varied routines for cash transportation are necessary to maintain employee safety. Department Heads are to ensure transportation of cash by City employees does not conform to any regular time schedule. If the Department Head or an employee has concerns about employee safety during cash transport the Police Department should be contacted for an escort to the Finance Division or the depository bank. Section 14: Armored Vehicle Pick Up and Transfer of Cash 1. Armored vehicle transportation of currency and coin shall be used for all sites where average daily cash collection exceeds one -thousand dollars ($1,000). Weekly armored car collections will be scheduled for all other sites regardless of cash on hand. Sites that use armored transportation must also use a drop -safe with one compartment that is accessible by dual keys maintained by an armored car driver and a site supervisor. Site supervisor keys are to be maintained in a secure, locked drawer. 3. Armored car personnel must sign a receipt before transferring cash from a City site. A log must be maintained by the department with the time, amount, and supervisor signature for all armored car pick-ups. Section 15: Prohibited Transactions 1. Cash collected at City sites may not be used to pay vendors, employees, instructors, umpires, referees, contractors, reimbursements, or other expenses of any kind. Claim vouchers, tiMesheets, or petty cash must be used for all such payments. Cash collected at City sites may not be used for refunds of any kind. Claim vouchers must be used to authorize and process refund payments. City staff is not authorized to cash personal or business checks, payroll checks, money orders, or any other similar instruments with cash collected at a City site. Updated — 05/17/2023 9 4. Loans or borrowing from cash collected at City sites is prohibited. 5. Instructors who conduct classes through City programs are not authorized to accept payments directly from those enrolled. Payment for class enrollment must be made through the mail, online, or directly to the Department responsible for the City program. Section 16: Counterfeit Currency 1. Cashiers should be aware of indicators of counterfeit currency. Counterfeit bill detector pens will be provided to the department by the RM to reduce the risk of accepting a counterfeit bill. The RM shall provide counterfeit currency identification training to all cash handling staff and make this training available to cash handling departments. Section 17: Employee Background Checks 1. The Police Department will conduct a background check prior to hiring an employee who will routinely collect cash. 2. The City will conduct a credit check prior to hiring an employee who will routinely collect cash. a. All employees that handle one -thousand dollars ($1,000) or more based on the average daily cash collections per day of activity are required to take a minimum of one week vacation (5 consecutive working days) during each year. During vacation periods, the supervisor shall conduct a careful review of cash collections, comparing amounts to other periods. Section 18: Authority to Establish Bank Accounts 1. Authority to establish a bank account, checking account, or other cash accounts at a banking depository may only be granted by the City Council, City Manager and Internal Services Director (ISD). Approved as to Form: KATIE ❑. LUCCHESI Deputy City Attomey Updated — 05/17/2023 10 RESOLUTION NO. 2023-97 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO IMPLEMENT A CITYWIDE CASH HANDLING POLICY WHEREAS, the Revenue Division currently manages the City's cash handling and safety of all money received; and WHEREAS, there currently is not a formal cash handling policy to avoid inconsistency in cash handling practices and the safekeeping of all money throughout the departments within the City; and WHEREAS, currently the Revenue Division has to recount money processed by the departments; and WHEREAS, a formal cash handling policy in the City will provide departments with consistency, best practices, controlled safekeeping, training and accountability. Additionally, the policy will help keep and maintain accurate records between cash drawer and the general ledger; and WHEREAS, staff recommends that the City Council approve the Citywide Cash Handling Policy to control the management of money and its safekeeping. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to approve a Citywide Cash Handling Policy; and BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol Manual (adopted 11/6/19, Resolution No. 2019-223), the City Attorney is hereby authorized to make minor revisions to the above -referenced document(s) that do not alter the compensation or term, and make clerical corrections as necessary. Date: May 17, 2023 I hereby certify that Resolution No. 2023-97 was passed and adopted by the Lodi City Council in a regular meeting held May 17, 2023, by the following vote: AYES: COUNCIL MEMBERS — Bregman, Craig, Nakanishi, Yepez, and Mayor Hothi NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN COUNCIL MEMBERS — None 4--a,77�� W% ai? "t PAMELA M. FARRIS Assistant City Clerk 2023-97