Follow-Up Audit of Sarasota County Area Transit (SCAT) Bus Operations Cash Handling, December 2017

2 |  A u d i t o f S C A T B u s O p e r a t i o n s C a s h H a n d l i n g  N o v e m b e r 2 0 1 6 Opportunities for Executive Summary improvement As part of the Annual Audit Plan, the Clerk of  Circuit Court and County Comptroller’s Internal  Audit Department and Office of the Inspector  General conducted an independent audit of  Sarasota County Area Transit Bus Operations  Cash Handling.   Internal Audit obtained an understanding of  the security and cash handling processes  related to farebox receipts.   Internal Audit reviewed departmental  policies and procedures related to cash  handling of farebox receipts.   Compliance with Accounting Policies and  Procedures related to timeliness of  preparing deposits and timeliness of  deposits with supporting documentation  submitted to the Clerk of the Court and  County Comptroller were tested during  audit field work.    Identified opportunities for improvement.  Internal Control ~ Safeguarding of Assets    Safeguarding of secondary receptacle for  emptying cash boxes   Authorized vault access for terminated  employees   Security cameras and related equipment  Internal Control ~ Inadequate Policies  and Procedures   Policy and procedures for processing farebox  receipts for deposit   Internal Control ~ Lack of Monitoring   Reports that log vault access activity    Monitor overages/shortages detected by the  bank  Non‐compliance with Accounting Policies  and Procedures    Timeliness of submission of deposit  documentation for posting to the County  general ledger   Supporting documentation submitted with  deposit form  Financial ~ Inaccurate Financial  Reporting   Allocation method for reporting express bus  services receipts