Cash Receipts Policies
The primary focus of a cash receipts policy is to establish proper management practices over cash, checks and other receipts. Strong internal controls over revenues are necessary to instill public confidence in municipal operations, and to provide accurate, reliable and timely information upon which financial decisions can be made. Budgeting, revenue forecasting, account reconciliations, analytic reviews and financial reporting all rely upon the efficient collection and accurate recording of revenue.
Policies should address:
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Example policies: (Word format) |
Please note: All example policies are for illustrative purposes only. None of these example policies have been reviewed by LGC legal staff for enforceability or compliance with applicable laws. LGC makes no express or implied endorsement or recommendation of any example policy, nor does it make any express or implied guarantee of the legal enforceability, legal compliance, or quality of any particular policy. Likewise, we do not represent that any particular policy or portion of a policy is appropriate for any particular municipality. Legal counsel should review any proposed financial policy before a municipality adopts it.