Police Department Policy

12-03 (NEW 10-18)_Cash Management - Fiscal Bureau_3131-12262019

Sacramento County Sheriff

Policy Text
Fiscal Bureau Page 1 of 4 12/03 (NEW 10/18) OPERATIONS ORDER Cash Management – Fiscal Bureau The purpose of this Operations Or der is to establish cash manag ement procedures for the Sacramento County Sheriff’ s Department Fiscal Bureau. I. Policy A. This Policy represents the Sa cramento County Sheriff’s Depar tment policy regarding the receipt, deposit, and disbursement of all cash pa yments received for state and federal a wards or contract services. II. Definitions A. Advance Payment – a paymen t that a federal, or other, awardi ng agency or pass-through entity makes by any appropriate payment mechani sm, including a predetermined paymen t schedule, before the non-fede ral entity disburses the funds for program purposes. [2CFR 200.300] B. Reimbursement – a payment to cover allowable expenditures in curred by the agency up to the total amount s pecified in the grant agreem ent, contract, or invoice on fees for service. III. Types of Payments A. The department generally receive s expense reimbursements, co ntract payments, and payments for fees f or service on a daily, monthly , and quarterly basis. Types of payments received include, but are no t limited to, the following: Program(s) Source Grant Reimbursements Federal, State, Local Allocations Federal, State Contracted Services Federal , Local Law Enforcement Agencies, Local Businesses Alarm Fees County Resi dents and Businesses IV. Cash Management Controls Fiscal Bureau Page 2 of 4 12/03 (NEW 10/18) A. Receipts of payments – Paym ents are received by the departme nt in the form of commercial and/or personal checks, or through the Sacra mento County Department of Financ e via ACH transactions. B. Per 2 CFR §200.305, for non-feder al entities other than stat es, payments methods must minimize the time elapsing between the transfer of funds from the United States Treasur y or the pass-through entity and the disbursement by the non-federal entity whether the payment is m ade by electronic funds transfer, or issuance or redemption of checks, warrants, or payment by other means. Be sure to follow the administrative re quirements in CFR 200 for all fede ral cash payments. V. Check Payments A. Receipt and tracking: Checks re ceived should be routed to Fi scal Bureau Administrative Service s Officer III. This person will log the p ayment in a password protected spreadsheet, copy the check, provide a copy of the check to the program manager res ponsible for making the deposit , and give the original check to Ala rms Accounting Manager to hold un til a deposit permit is created. B. Deposit: The Sr. Accountant or Program Manager is responsibl e for reviewing the payment and ensuri ng that it matches the anticipa ted reimbursable amount or receivabl e, as well as creating a deposi t permit in COMPASS for the reimbursement ens uring the funds are properly b ooked and tracked by the relevant fundi ng sources to segregate funds received. C. Verification: Once the Sr. A ccountant or Program Manager has created the deposit, he/she shoul d provide a copy of the Deposit Permit and a copy of the COMPASS entry to the Alarms Accounting Manager hold ing the check. The Alarms Accountin g Manager will verify the deposi t entered matches the check amount and log the deposit permit number onto the password protected spreadsheet and deliver it to the Sacramento County Department of Finance for processing. D. Processing: Once the check has been delivered to the Sacrame nto County Department of Finance for processing, it is verified onc e again, posted in the general ledger syst em, and deposited into the Cou nty Treasury. VI. ACH Payments A. Receipt and tracking: ACH pay ments are received through, an d tracked by, the Sacramento County Department of Finance. An email notificat ion is sent to the department receiving the funding and a deposit permit is requested. B. Deposit: The Sr. Accountant or Program Manager is responsibl e for reviewing the payment and ensuri ng that it matches the anticipa ted reimbursable amount or receivabl e, as well as creating a deposi t permit in Fiscal Bureau Page 3 of 4 12/03 (NEW 10/18) COMPASS for the reimbursement ens uring the funds are properly b ooked and tracked by the relevant fundi ng sources to segregate funds received. A print out of the email from D OF should be prin ted and filed f or record. C. Verification: Once the Pr ogram Manager has created the depos it, he/she should reply to the email from t he Sacramento County Department o f Finance and provide the Deposit Permit document number. The Sacramento County Department o f Finance will verify the deposit entered matches the ACH amount and send it for processing. D. Processing: Once the ACH and deposit permit document number have been verified by the Sacramento County Department of Finance, i t is posted in the general ledger system, and deposited into the County Tre asury. VII. Review Process A. The Accounting Managers will re view and approve all claims t o ensure that allowable expenditures comp ly with regulations, cost princ iples, and the claiming instructions. B

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