☒ Consent Agenda ☐Quasi-Judicial Public Hearing
☐ Regular Business 9:00 am
☐ Public Hearing Resolution
DEPARTMENT: Administrative Services
SUBMITTED BY: Peter Danao, Finance Director
PRESENTED BY: Peter Danao, Finance Director
TITLE & DESCRIPTION:
title
Resolution/Adoption of the Cash Handling and Rounding Policy
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REQUESTED MOTION:
To approve and adopt the Cash Handling and Rounding Policy as presented.
SUMMARY:
The Policy provides a framework for the responsible and use of cash transactions across all County departments. It defines governance, administrative oversight, and review of procedures. The policy ensures accurate financial practices, minimizes discrepancies in cash drawers, and provides clear and consistent standards for all staff interacting with customers throughout the organization.
BACKGROUND:
The U.S. Treasury Department has ended the production of pennies, and although existing pennies remain legal tender, banks may not be able to supply them reliably for daily operations. The DeSoto County Board of County Commissioners recognizes the importance of consistent direction and governance of the County’s cash transactions throughout the community. The intent of this policy is to be consistent with and conforms to Chapter No. 2026-68, Laws of Florida. The policy applies to all County departments that collect or handle cash transactions.
FUNDS:
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