Chapter 4 Cash & Negotiables Flashcards
Petty Cash Funds: are provided as a method to purchase legitimate and appropriate infrequent, unanticipated goods and services for less than $____ when it is not practical or feasible to submit a purchase requisition, request for payment or use a procurement purchasing card.
$250
*Goods or services available on a County contract cannot be purchased with petty cash funds.
___ is the departmental Cash Fund Custodian and shall ensure compliance with Miami-Dade County directives governing usage of cash.
The FAB Executive Senior Bureau Commander
All cash fund transactions not directly related to an ongoing investigation will be reconciled with the concerned Cash Fund Custodian within ____ working days
2
Reimbursements:
Utilizing the applicable format, requests for cash purchase reimbursements shall be made within _ days of the purchase as shown in the supporting documentation (invoice, receipt, tickets, etc.) and will be submitted for approval to the concerned division chief, assistant director, or the Director, as appropriate, or their designees, prior to submission to the FAB.
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Accountability:
On or by __ of each fiscal year, the entity responsible for each cash fund must submit the original Cash Funds Activity Log for the prior fiscal year to the FAB Executive Senior Bureau Commander (a copy must be kept by the entity responsible of the cash funds).
October 10th
Cash Fund Custodians who receive, maintain, and disburse investigative and evidence or special law enforcement trust fund cash will reconcile each transaction, balance the authorized amount, and prepare a __ Investigative Expenditure Audit Report
Quarterly
Cash fund transactions will be balanced ___ except for FAB. A monthly statement of all cash fund transactions, expended and received, will be submitted to the appropriate division chief, or Director/Assistant Director for those elements not reporting to a chief. Cash transactions will include all cash funds expended and monies received.
Daily
Petty cash transaction accounts that contain irregularities or cannot be balanced by the end of the accountable employee’s tour of duty will be reported to the __ Commander for appropriate action. Discrepancies of __ or more, will be resolved via action memorandum to the Director through the chain-of-command and the FAB Executive Senior Bureau Commander.
PCB & $1
Audits:
To ensure the accuracy of expenditure reports and supporting documentation; and to ensure compliance with established departmental procedures, the MDPD Internal Auditor, assigned to the Staff Inspections Section, will conduct on-site financial audits of all authorized cash funds (Petty Cash and Investigative Cash Funds) at least once every __ months
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Tactical Operations Expenses:
No single purchase will exceed $250 without prior approval of the affected __.
Assistant Director
Investigative/Extradition Expenses:
Cash requests for $500.00 or less require approval of the applicable division chief or authorized designee. Extradition related cash requests for $500.00 or less require approval of the __ or authorized designee. If the request is for a cash advance over $500.00, approval of the ___ or authorized designee is required
Warrants Bureau Major & Director
Other Investigative Cash Expenditures:
___ are utilized as a method to maintain the integrity and confidentiality of ongoing criminal investigations. Many Redline reports are used to facilitate the payment of confidential informants as well as a method to procure or pay bills associated with delicate or covert investigations.
Redline reports
Procedures for using Redline Reports:
All requests to expend funds must have approval via chain-of-command through the rank of __. All expenditures that exceed $100 must be approved by the element’s respective __ or the Director for elements not reporting to an Assistant Director. All expenditures that exceed $1,000 must be approved by the Director.
- Division Chief
- Assistant Director
*All requests are to have a “reviewed by” line for the Fiscal Administration Bureau for all expenses along with the appropriate budget code to be charged.
Return of Investigative Cash:
Investigative personnel will return investigative cash, obtained from either the Miami-Dade County Finance Department or the FAB, to the FAB within __ business days of issue, unless an extension is approved by the Director or authorized designee
2
No employee may retain physical custody of cash, checks, money orders, or other negotiable instruments beyond their scheduled tour of duty. Cash and negotiable instruments must be delivered
to the FAB on the same day of receipt or the next business day. Except for unforeseen “Acts of God” such as hurricanes, fires, tornadoes or floods, under no circumstances may the deliverance of cash and negotiable instruments to the FAB exceed __ hours or two business days.
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