(a) (1) All water and sewer departments shall reconcile on a monthly basis their cash receipts and disbursements journals to the amount on deposit in banks.
(2) This reconciliation shall be approved by an official or employee, other than the person preparing the reconciliation, as designated by the governing body of the department.
(3) The reconciliations should take the following form: Click here to view image.
(b) This reconciled balance shall agree with either the cash balance as shown on the department's check stubs running bank balance or the department's general ledger cash balance, whichever system the department employs.
Section: Previous 14-237-102 14-237-103 14-237-104 14-237-105 14-237-106 14-237-107 14-237-108 14-237-109 14-237-110 14-237-111 14-237-112 14-237-113 NextLast modified: November 15, 2016