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HomeMy WebLinkAboutAgenda Report - April 19, 2023 C-11CITY OF ,T,Z!40zt� CALIFORNIA AGENDA ITEM Cie I I COUNCIL COMMUNICATION AGENDA TITLE: Adopt Resolution Authorizing City Manager to Implement a Citywide Cash Handling Policy MEETING DATE: April 19, 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. FISCAL IMPACT: Purchase of Safes FUNDING AVAILABLE. 10020203.72359 APPROVED: Mb 51-cSc e r ftr 10, 20231[150 foprj Stephen Schwabauer, City Manager Andrew Keys Deputy City Manager/Internal Services Director RESOLUTION NO. 2023-76 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 authorize the City Manager to implement a 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 implement 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: April 19, 2023 ------------------------------------------------------------------------ ------------------------------------------------------------------------ I hereby certify that Resolution No. 2023-76 was passed and adopted by the Lodi City Council in a regular meeting held April 19, 2023, by the following vote: AYES: COUNCIL MEMBERS — Bregman, Craig, Nakanishi, and Yepez NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — Mayor Hothi ABSTAIN: COUNCIL MEMBERS — None OLIVIA NASHED City Clerk 2023-76