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4.
Requirements for cash management training not met
.
Observation
Accounting Policies and Procedures Chapter 9.5
Change Funds
and Chapter 17.2
Petty Cash
require custodians and their supervisors to attend yearly Cash Management training, which is
offered online. Custodians are required to complete the training within 30 days of assuming the
responsibility. Training records reflected that three (3) of twenty-three (23) custodians (13%)
and two (2) of twelve (12) supervisors (16.7%) tested did not complete the training in the past
year.
Recommendation
Ensure compliance with the Accounting Policies and Procedures requiring annual Cash
Management training and monitor appropriately.
Management Response
All five (5) custodians/supervisors have now completed cash management training within the
past year. Implemented May 5, 2017.
OFM will coordinate with Human Resources to compile a list of employees that have not
completed Cash Management training within the current fiscal year by June 1st. A reminder
will be sent to those on the distribution list to complete training on or before July 31st.
Implementation will be completed by July 31, 2017.
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U n a n n o u n c e d A u d i t o f P e t t y C a s h a n d C h a n g e F u n d s
M a y 2 0 1 7