Cash Disbursement Procedure

Similar documents
SAN FRANCISCO COURT APPOINTED SPECIAL ADVOCATE PROGRAM

APPENDIX 2 COMMUNITY DEVELOPMENT COMMISSION FINANCIAL CHECKLIST REQUIRED FOR ALL APPLICANTS (A SITE VISIT MAY BE CONDUCTED LATER)

Adopted by Naytahwaush Community Charter School Board: November 13, 2012

FUNCTION: To Protect and Enhance the Nonprofit Organization s Capacity to Serve the Community.

To the Honorable Mayor, Stephanie Miner and the Members of the Common Council City of Syracuse, New York

Financial Controls Checklist

Your School District Procurement Card. Staff Guide Staff Agreement & Board Policy

The Episcopal Diocese of Kentucky

Ten Payment Fraud Protections

CONVENT OF THE SACRED HEART SCHOOL FOUNDATION FINANCIAL REGULATIONS

Internal Control Questionnaire

SPECTRUM+ SYSTEM. Accounts Payable. Regular Voucher Entry. User Guide for Departments. PeopleSoft Version 9.2. Revised 9/16/2015.

ACCOUNTS PAYABLE TRAINING 01/11/19

Petty Cash and Change Funds. Inventories (Equipment and Supplies)

Bloomburg ISD 211 W. Cypress Street Bloomburg, TX 75556

Treasurer. Roles, Responsibilities and Tasks

John Wayne Airport (JWA) Accounting. years. Retain for 6 years. years. years. years

Audit Committee Meeting

Division of Student Affairs Internal Control Questionnaire FY 2011

INTERNAL CONTROLS MANUAL DICKSON COUNTY SCHOOLS DANNY L. WEEKS, ED.D. DIRECTOR OF SCHOOLS LINDA FRAZIER BUSINESS MANAGER JUNE 2016

vendors regarding past due invoices Provide suggestions regarding vendor changes to save costs if applicable

Internal Control Structure

Senior Accounting Specialist Class Specification

American Contract Bridge League Accounts Payable & Check Signing Policies & Procedures April 2013

LOYOLA MARYMOUNT UNIVERSITY POLICIES AND PROCEDURES

WALLA WALLA PUBLIC SCHOOLS ASB and ACCOUNTING GUIDELINES

Bookkeeping Foundations: Best Practices Church Accounting: Getting Off On the Right Foot E922

Finance Committee, Board of Health Elizabeth Bowden, Interim Director of Administrative Services FINANCIAL CONTROLS CHECKLIST

Financial Staff Manual

Advanced Finance for Governing Board Members. Charter Schools: Advancing the Promise!! 2015 Annual Conference

Payables Management. 2 nd Edition. Steven M. Bragg

Accounting Systems and Recordkeeping for A/E Firms ACEC/MD Small Business Enterprise Committee October 13, 2017

This Questionnaire/Guide is intended to assist you in decision making, as well as in day-to-day operations. Best Regards,

Internal Control Evaluation

State of Michigan Civil Service Commission Capitol Commons Center, P.O. Box Lansing, MI POSITION DESCRIPTION

Control Self Assessment Questionnaire

SMALL BUSINESS FRAUD ASSESSMENT INTERNAL CONTROL QUESTIONNAIRE Download your risk assessment form at

FINANCIAL CONTROLS GENERAL LEDGER ACTIVTY CALIFORNIA CASA ASSOCIATION

Two-Person Segregation. Post accounts Post G/L. Complete check register. Authorize check requests Mail checks. Sign employee contracts

Collin County Community College District Business Administrative Services Procedures Manual Section 9 Accounts Payable

SAILS Financial Management Procedures

CONSERVATION DISTRICT OPERATIONS REVIEW: A conservation district s self-guide to better operations CDB CD REVIEW VERSION. District Operations

LOS ANGELES INTERNATIONAL CHARTER HIGH SCHOOL FISCAL AND OPERATING POLICIES

General Manager Policies / Procedures

CORP Appendix A CORPORATE POLICY. Attachments: Related Documents/Legislation: Revenue Administrative Policy

UNIVERSITY OF NEW MEXICO INTERNAL AUDIT CONTROL SELF ASSESSMENT QUESTIONNAIRE. School/Organization Phone Organization Code

Internal Control Checklist

INFORMATION TECHNOLOGY Administrative Policies and Procedures Last Updated 2/7/2013

DATATRON Features Order Entry (Invoicing)

Presentation 5. Landscaper Transactions & Reconciliations Educating Bookkeepers for Business, Inc.

Booster Clubs and School Support Organizations Accounting Manual

HFTP Hospitality Financial and Technology Professionals

UCOP Business Resource Center: What we do. Updated: December 20, 2016

SECTION 5: ACCOUNTS PAYABLE

POLICY & PROCEDURE MANUAL California State University Date Channel Islands Foundation

Cash Reconciliations and Cash Handling

EGYPTIAN AREA AGENCY ON AGING Fiscal Monitoring Program

Charges to sponsored projects are classified as either non-salary or salary.

Credit Cards & Purchasing Cards (P-Card) (USFR Memorandum No. 253)

Elected Members Allowances and Reimbursement Policy

Controller. This policy applies to all those employed by BCITSA, including all full-time and part-time employees, and Executives.

INTERNAL CONTROL HANDBOOK

Internal Controls Checklist

OABCIG COMMUNITY SCHOOL DISTRICT

Florida A & M University Accounts Payable Procedures. Florida A & M University

Emissions Reductions Alberta

FINANCE FUNCTION PROCESSES AND PERFORMANCE MEASURES

Sage 50 U.S Edition Accounting MODULE 1 (END-USERS) COURSE

Bolin Elementary Book Fair Procedures

Guidance on Supporting Documentation for Employee Expense Reports

Fraud Awareness and Prevention

Business/Non-Instructional Operations

Processing Employee Reimbursement Requests

Pentagon 2000 Software. Month End Closing Procedures. Version 8.0

Best Practices for Using the P-Card Appropriately to Minimize Flagged Transactions

Internal Control: The Human Risk Factor

Internal Control: The Human Risk Factor

GUILFORD COUNTY SCHOOLS JOB DESCRIPTION JOB TITLE: ACCOUNTING TECHNICIAN FINANCE DEPARTMENT GENERAL STATEMENT OF JOB

Utilizing Technology in School Business Management

ALABAMA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS

ProfitMaker to ASI Smartbooks Report Cross References

R.C. Lipscomb Elementary School Audit of School Internal Accounts For the Year Ended June 30, 2016

SECTION III. ACCOUNTING GUIDELINES AND DOCUMENTS

July 2013 SANTA BARBARA COMMUNITY COLLEGE DISTRICT CLASS TITLE: THEATRE OPERATIONS SUPERVISOR BASIC FUNCTION:

Non-PO Payment Request (Formerly Miscellaneous Disbursement Voucher (MDV)) Changes and Processing Updates

Updated January 1, 2017 New Client Engagement Letter / Notice Bookkeeping & Accounting Services

Whether you take in a lot of money. or you collect pennies

SuccessWare 21 Existing Users Class

PROCEDURES AND PAPERFLOW

1. What lists can be imported from Excel spreadsheets, when setting up a QuickBooks Online company?

Escapia VRS. Month End Close and Audit Procedures

Internal Controls. for County Recorders

CPA Firm Parish Internal Control Assessment Address City, State Zip Code

Direct Deposit Reimbursement and Payment Procedures

Budget, Finance and Audit Committee April 15, 2013

TRICOUNCIL TRAVEL EXPENSE (AIRFARE) GUIDELINES

KEY PROCESSES. TRAVEL Starts with a Travel Authorization

Testing Services - D0046 Baseline Standards FY 2017

Introduction to Bookkeeping

Kianoff & Associates Crystal Clear Reports for Sage 100

Transcription:

ACCOUNTING PROCEDURES Georgia Recreation and Park Association March 2015 Cash Disbursement Procedure The following Cash Disbursement Procedure is the responsibility of the GRPA Office Manager under the direct supervision of the Executive Director. 1) Check stock is pre-numbered and placed in a locked file drawer under the control of the Office Manager. 2) Payments will be made by one of two methods. Checks will be computer printed using the accounting system or by online bill pay with the banking service and will only be issued after following the appropriate Accounts Payable Procedure as outlined in these procedures. a) Currently GRPA uses Quick Books Accounting and SunTrust Bank. Checks or bill pay are prepared by the Office Manager. b) In the absence of the Office Manager, the Executive Director may prepare a manual check following the same documentation and approval guidelines outlined for other payment methods. i) A copy of the manual check must be attached to the appropriate documentation and submitted to the Office Manager for entry into the accounting system. ii) Approval for payments made by manual checks follow the same guidelines as those for computer generated checks or online bill pay. 3) Check signers are approved and designated by the GRPA Board of Trustees, and are defined as the: a) Executive Director b) Secretary/Treasurer c) President 4) Persons who manually sign checks scrutinize supporting data at the time of signing. 5) Checks issued for amounts greater than $2,500 must have signature of Secretary/Treasurer on the Payment Information Form. Amounts greater than $3,500 require two signatures on the check. 6) Checks issued to an authorized signer greater than $2,500 must be signed by another authorized signer. For payroll purposes, online payment may be used but Secretary/Treasurer or President signature must appear on the Payment Information Form. 7) All checks must have appropriate support documentation attached defined as: a) Vendor Invoices J-1.1 Accounting Procedures (revised 03/2015)

i) Original Vendor Invoice - No payment will be made from vendor statements unless individual invoice receipts are attached. ii) Appropriate Accounts Payable procedures as outlined in the GRPA Accounts Payable Procedures have been followed. b) Reimbursable Employee Expenses i) An Internal Payment Request (Exhibit A) must be completed and approved by the appropriate authorizer. ii) Documentation to support expenses must be attached to the expense report with names of attendees provided for meals and entertainment expenses. iii) The expense report must be signed by (1) The employee requesting reimbursement (2) The Executive Director after auditing the ER and documentation. c) Outside Contractor payments i) A copy of the payment schedule provided in the contract document as appropriate ii) A Payment Information Form (Exhibit B) prepared and approved by the appropriate GRPA personnel d) Payroll i) On-line payroll through SunTrust Bank is used by GRPA. The Office Manager enters hours into the on-line system based on prepared time sheets. The Executive Director must log in the on-line system and approve payroll before each employees payroll can be direct deposited into the employee s account. ii) A time sheet showing hours worked for the pay period; with gross pay and net pay after appropriate deductions; and signed by the employee must be turned in each pay period. Accounts Payable Procedure The following Accounts Payable Procedure is the responsibility of the GRPA Office Manager 1) Invoices received through the mail a) Invoices will be opened by Office Manager. b) The Office Manager will i) review the invoices for amounts, accuracy and coding J-1.2 Accounting Procedures (revised 03/2015)

ii) prepare the Payment Request Form (exhibit A) with the appropriate accounting code and enter invoice into computer accounting system for payment iii) Process payment on appropriate due date iv) Submit request for payments and check to Executive Director for approval & signature v) Mail check and file invoices with bottom part of check attached 2) Reimbursable Employee Expenses a) Employee must complete an Internal Payment Request Form b) Each expense item must have adequate support documentation as follows i) Hotel expenses - Original Hotel bill showing payment made by employee ii) Airline expenses - Original ticket or online reservation itinerary iii) Auto rental - Original rental bill showing payment made by employee iv) Parking & taxi - parking garage and taxi receipts v) Other miscellaneous expenses - copies of receipts and type of expense vi) Mileage - number of miles traveled and the amount (miles x approved reimbursement rate. vii) Deduct any cash advances to be applied against the expenses c) Employee must sign and date the form d) Expenses must be approved by the Executive Director e) The Office Manager will: i) Compare expenses against receipts for accuracy ii) Check mathematical calculations iii) Make sure cash advances are accounted for as needed iv) Process payment to employee. v) File reports as appropriate 3) Check Requests a) Employee or Committee/Network Chairs must submit Internal Payment Request to Office Manager b) The request for check must contain i) The requestors name ii) The payee/vendor with mailing address iii) Instructions for disposition iv) The check amount v) Appropriate coding for accounting purposes. J-1.3 Accounting Procedures (revised 03/2015)

vi) Supporting documentation vii) Requestors signature viii) Any other special instructions Registration Receipts Procedure 1) Checks received in the Mail a) Checks received in the mail will be opened and prepared for deposit by the Office Manager i) Checks will be stamped on the back with the appropriate bank information for deposit ii) A preprinted bank deposit ticket will be prepared iii) Checks will be entered into the Quick Books system with the appropriate code. 2) Posting deposits to the Accounting System a) The Office Manager will enter the deposit report information into the accounting system coding to the appropriate account. i) Revenue will be posted to Income as an offset to budgeted expenditures. 3) Credit Card Processing a) Credit card payments must be received on the GRPA Credit Card Form. b) Payments must be run through the desktop terminal the day it is received. c) Credit card receipts will be saved to the GRPA common drive and a copy will be e-mailed back to the card holder. d) Immediately following the transaction, the credit card form/information must be shredded. e) No credit card numbers/information will be kept overnight at the GRPA office. 4) Registration for events, membership renewals, workshops and conferences may be received with payment a) Office Manager prepares and mails invoice for amounts due. b) Payments received are properly processed and credited to the appropriate invoice and program codes. Company Credit Card Procedure GRPA has two company credit cards. Both are in the name of the Executive Director. Use of the credit card will follow these procedures. 1) Charges are to be made for expenses that are in the approved budget. 2) All receipts for items charged on the company card will be provided to the Office Manager. The receipt will be coded with the program and line item cost applicable. 3) When the charge card invoice is received, the Office Manager will review the bill, match receipts to the charges on the invoice, code the invoice, and follow procedures for payment. J-1.4 Accounting Procedures (revised 03/2015)

4) If there is a question regarding a particular charge, the Office Manager will request the Executive Director to approve and code the expenditure appropriately. 5) Upon completion of the invoice reconciliation, a check or online payment will be processed by the Office Manager. Bank and Financial Accounts and Statement Reconciliation 1) GRPA maintains checking, savings and money market account with SunTrust Atlanta a) Officers of record on the account are Executive Director, President, Secretary/Treasurer b) Elected officers are updated annually after elections at the annual conference 2) Bank deposits are made each business day or no less frequently than weekly. a) Deposits are prepared by the Office Manager on preprinted deposit forms. b) Deposits are manually taken to the bank by Executive Director or Office Manager c) Deposit receipts from the bank are returned to Office Manager who attaches to the office copy of the deposit detail 3) Bank statements are received monthly from bank. a) Statement is opened and reviewed by Executive Director for review of accuracy. b) Bank statement is transmitted to Office Manager for review of accuracy. c) Bank statement and other appropriate financial reports such as investments are transmitted monthly to CPA firm. d) CPA firm reconciles bank statement; prepares a general ledger for the month; enters information in their Quick Books Program for GRPA and submits a monthly financial statement back to GRPA e) Executive Director uses monthly financial statements for quarterly financial reports to the Board. 4) GRPA maintains an investment account with various firms. a) The Investment Committee serves as the investment manager of these accounts and approves all transactions per the GRPA Investment Policy Statement approved by the Board of Trustees on 12/09/09. b) Periodic meetings are held with account representatives from the firm for account reviews and appropriate adjustments and recommendations to the full Board. J-1.5 Accounting Procedures (revised 03/2015)

(Exhibit A) GEORGIA RECREATION AND PARK ASSOCIATION 1285 PARKER ROAD CONYERS, GA 30094 INTERNAL PAYMENT REQUEST Date: Amount: Budget Code: Pay To: Purpose: Signed: J-1.6 Accounting Procedures (revised 03/2015)

(Exhibit B) GEORGIA RECREATION AND PARK ASSOCIATION, INC. PAYMENT INFORMATION FORM DATE: ONLINE PAYMENT: CODE: PAYMENT TO: FOR: IN THE AMOUNT OF: Approved by: (Treasurer) Approved by: (Executive Director) Date: Check # J-1.7 Accounting Procedures (revised 03/2015)