ACCOUNTABILITY - 8102
(Renumbered: 10/2022)
The custodian is personally liable for the amount advanced from the revolving fund.
An employee other than the fund’s custodian will complete a count in accordance with the following schedule and report the count to the Accounting officer.
|
Size of Fund |
Frequency of Count |
|
$200.00 or less |
Annually |
|
$200.01 to $500.00 |
Quarterly |
|
$500.01 to $2,500.00 |
Monthly |
|
Over $2,500.00 |
Monthly, if not prescribed more frequently by the Department of Finance, Fiscal Systems and Consulting Unit |
Transfers of custody will occur after:
- Employees directly concerned shall perform a personal audit of the fund.
- The newly assigned custodian will provide a receipt to the custodian being relieved. The Accounting Officer shall receive a copy of the receipt signed by both parties.
Renumbered from 8111.2
Revisions
No Revisions for this item.
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