Resolution No. 638 - Cash Receipting and EFT PolicyRESOLUTION NO. 638
A RESOLUTION OF THE CITY OF YELM, WASHINGTON, ADOPTING A CASH RECEIPTING POLICY
AND AN ELECTRONIC FUND TRANSFER POLICY
WHEREAS, the City has conducted a thorough review of its current Cash Receipting and
Electronic Fund Transfer procedures in an effort to revise and update its policies with respect to
these subject matters; and
WHEREAS, on the basis of such review and input, the City has determined to adopt a
formal Cash Receipting Policy and an Electronic Fund Transfer (EFT) Policy; and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Yelm, Washington
as follows:
That: the City of Yelm Cash Receipting Policy in Appendix I and Electronic Fund Transfer
Policy in Appendix II dated July 25, 2023 are hereby adopted as the City's Official Cash
Receipting Policy and Electronic Fund Transfer Policy for all City Employees.
Approved this 25th day of July, 2023
Joe to, Mayor
Attest:
Kathy Linneme er, City Clerk
of Yelm
w r.1973
WASHINGTON
Finance Department
Cash Receipting Policy
1. INTRODUCTION
In order to assure that all City employees responsible for handling cash are aware of their
duties, the following policy and procedures will provide guidelines for all cash handlers in
City of Yelm. For purposes of this policy, "cash" refers to all forms of payment, including
currency, checks, credit cards and bank transactions.
Washington State Constitution Article XI, Section 15: All moneys, assessments and taxes
belonging to or collected for the use of any county, city, town or other public or municipal
corporation, coming into the hands of any officer thereof, shall immediately be deposited with
the treasurer, or other legal depositary to the credit of such city, town, or other corporation
respectively, for the benefit of the funds to which they belong.
2. DEFINITIONS
See Appendix 1
3. RESPONSIBLITY
All City cash handlers shall comply with the Cash Handling Policies and Procedures, failure
to do so may be subject to disciplinary action. All cash handlers who obtain custody of City
money are personally responsible for that money until the money is deposited with one
of the City's authorized agents or banks, and may be held liable for any loss, theft, or
statutory exception. Cash handlers who are employed by City of Yelm are insured through
RMSA administered by Association of Washington Cities.
4. GENERAL PROVISIONS
All transfers of custody of money from the customer to the City shall be documented on
an official City of Yelm Receipt, either auto generated from the Cash Receipting system, or
a manual pre -numbered, sequential receipt book that has the City name pre-printed on it.
A department cashier who issues a receipt accepting custody of City money is liable for the
timely deposit of that money. The liability for timely deposit starts with the original receipt
of City money by an employee and ends when the money is deposited with the bank. All
money received must be deposited at least weekly, or more often if the total of cash
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exceeds $500. Checks should be scanned and electronically deposited on a daily basis.
Under no circumstances shall funds be held for more than one week.
5. PROCEDURES
5.1 Cash Handler Training
All City employees involved with the handling, receipting, reconciling, and/or depositing of
money shall read and understand the Cash Handling Policy and Procedures within 30
days of hire or assignment of duties. It shall be the responsibility of the Department
Director of each department to ensure each cash handler's compliance.
5.2 Cash Drawers
All funds must be placed in a secure drawer or cash register. The drawer must be
locked at all times that the cash handler is not in the receipting area.
• To the extent possible, cash handlers should work out of individual cash drawers.
Segregating cash activities can help in tracking down reconciliation errors.
• Cash handlers shall complete a transaction in its entirety before proceeding to another
transaction or assisting another customer.
5.3 Opening Activity
Upon opening a cash drawer for the day, the cash handler shall verify the amount of beginning
cash.
5.4 Closing Activity
Persons who collect City money from the public shall balance their cash drawers at the end of
their work shift. Preparing a deposit shall consist of counting collected moneys, preparing a
deposit slip, and printing out the User Total and AR Cross Reference Reports. Checks should be
remotely deposited using the desktop deposit scanner and the Timberland Bank Deposit Report
must be printed out.
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At the end of a shift, the cash handler must account for all increases and decreases of cash in
his or her cash drawer. This process is referred to as balancing: the reconciliation of all City
funds received and disbursed during the day. Balancing involves counting of currency, coin,
and checks; subtracting the beginning cash amount; determining the dollar total received from
the transaction record; and comparing the total cash on hand with the total transactions.
These two dollar amounts should 'balance,' i.e., be the same. Each cash handler may have
their own method for balancing a cash drawer. However, there are several steps that balancing
must include.
Remove all currency, coin, and checks from the cash drawer. Count your currency and
coin and list denominations on the "Edit Cash Reconciliation" page. Enter your
beginning and ending cash ($200 for City Hall). The remainder should be the cash
collected for the day.
• Print the User Total Report and Itemized List — AR Cross Reference Report. The cash
counted in Step A should agree to the amount listed on the User Total Report. If the two
agree, fill out a bank deposit slip and place the deposit slip and cash in a locking bank
bag.
• The cash drawer should be replenished to the authorized beginning cash amount and
placed in the vault.
• The AR Cross Reference List will list out all checks that have been received..
■ Verify that all checks have been restrictively endorsed, the total agrees to the User Total
Report, and then scan the checks into the Bank Desktop Deposit program. Once the scan
is finished, print out the Deposit Report and attach to your User Total Report and AR
Cross Reference Report.
• Utility Payments are placed into BIAS via the daily upload/download that is completed
by the Utility Clerk from Xpress Bill Pay. This report can be found in Xpress under
"Batch Management". This is completed at the beginning of each business day for
the prior day's period.
• To reconcile daily credit card transactions (Non -Utility Payments), employees will
print the department "My Till Report" and "Department Detail Report" in Xpress Bill
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Pay noting payments the cashier posted for the day. These transactions in total
should balance against the User Total report from BIAS at days end.
• For remote collection sites, if not deliverable to the Finance Office until the next day, it
must be placed in a secure location or vault overnight.
• After depositing the money with the bank, the bank receipt will be attached to the User
Report by the Financial Analyst and provided to the Finance Director for review.
5.5 Checklist for Reconciling Differences
This checklist is recommended for all departments unless other equivalent procedure exists.
Have another person recount all currency and coin, including strapped or bundled currency and
checks.
• Rerun totals on all receipts.
• Scan cash report for the amount of difference.
• Check for transposed numbers.
• Compare checks, cash and credit cards to the receipts, receipt listing, or cash out
reports.
• Break down the deposit.
5.6 Cash Over and Short Policy
All moneys received are to be deposited intact with the Finance Department. If, upon
balancing daily receipts, it is discovered that the money to be deposited does not equal the
total of the receipts, a cash over/short situation exists. A cash handler has a shortage when
not enough money is collected. A cash handler has an overage when too much money is
collected and the excess is not immediately returned to the customer. If, after an
appropriate search and recalculation, the over/short situation still exists, take the following
steps:
1. If the money to be deposited exceeds the receipt total, record the overage as a positive
amount to the Over/Short revenue code.
2. If the money to be deposited is less than the receipt total, record the shortage as a
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negative amount to the Over/Short revenue code.
3. Overages and shortages in excess of $10.00 must be reported to the Department
Director or Finance Director. Under no circumstances shall an employee take or
supplement money to be deposited in order to "force" the deposit to balance with the
receipts; and
4. Under no circumstances shall a City department maintain a petty cash fund for
over/short purpose.
5.7 Receipt of Payments
All moneys (checks or cash) must be receipted immediately upon acceptance.
A. Payments by mail
B. Two employees shall open mail whenever possible and segregate remittance from other
mail. Checks must be endorsed immediately upon receipt.
C. Prepare all payments for immediate deposit with the City or bank. Be sure checks are
signed. Timberland Bank will not accept unsigned checks.
D. Put all unprocessed mail in a secure location, such as a vault or locked cabinet or
drawer overnight.
E. Acceptance of coins
I. The United States Department of Treasury has determined that although coins
are legal tender under the Coinage Act of 1965, no Federal statute mandates
acceptance of coins for payment, and because no Washington state law
mandates such acceptance for payment, the City has adopted a coin acceptance
policy on payments as a means to promote office efficiencies and the timely
provision of services to its residents.
a. Acceptance of coins for payments of utilities, fines, debts, taxes and other
public obligations may be refused under the following circumstances:
b. When the coins are bent, broken, damaged or delivered in unsanitary
conditions.
c. When the coins are non -U.S. coins.
d. When coins appear to exceed $50 dollars in amount.
e. Coin must be delivered in rolled sleeves with a receipt designating the
amount being delivered if the number of coins exceeds standard banking
procedure.
i. For example, 51 dimes would require a roll of 50 plus one (1)
loose dime.
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f. The payor shall be required to print their name and phone number on
each roll.
g. The payor will be responsible for all identified shortages upon a coinage
count and payment validation by the bank.
Acceptance of checks
When accepting checks over the counter or by mail, the cash handler should:
A. Check the written amount and the numerical amount. They must be the same. A
bank will return checks with incorrect amounts. If the written amount is correct,
you can circle the amount and the bank will accept the written amount.[EC1]
Another option is to put the numerical amount above the customer entered
amount to match the written and highlight.
B. Check for signature if accepting a check in person. If checks received in the mail
have no signature, signer must come in to sign the check, or payment will be
refused. The bank will refuse to process payments that lack the signature of the
payer.
C. Watch for special wording on the check that may cause it to be void, e.g. "not good
for over $1,000.00," "Void after 30 days," or "Two signatures required." Any special
instructions take precedence over state law.
D. Do not accept post-dated checks.
E. Accept checks for the exact amount owed. No cash back is permitted.
F. Do not accept checks written more than 180 days (6 months) prior to remittance.
Banks may not honor a stale -dated check.
G. Checks drawn on foreign banks should not be accepted unless "Payable in US
Funds" is written on the face of the check.
H. Do not accept two-party checks. All checks must be made payable to the City of
Yelm.
I. No checks may be cashed from a cash drawer, change fund, or petty cash fund.
J. Employees should never process their own business or that of immediate family or
close friends.
K. A restrictive endorsement should immediately be placed on the back of all checks.
L. Checks should always be placed in a secure location out of the reach of the public or
customers; and
Accounting for Physical Control over Cash Receipt Forms
• Accounting control and physical control over cash receipts should be established at
the point where funds first become accessible to City personnel.
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• Initial control of over-the-counter receipts should be established through the use of
cash registers, pre -numbered multi -copy cash forms, or automated receipting
software.
• The departmental cashier or Financial Analyst will account for all pre -numbered
multi- copy cash receipt forms that are printed for that department. Voided
receipts shall not be destroyed, but kept on file in the department or office in
accordance with the state- recommended retention period of six years.
• Preparing Receipts. The following information should be entered on all receipts:
1. Amount;
2. Date;
3. Name of individual, company, or department;
4. Breakdown of type of moneys received i.e. cash, check, ACH, etc.; and
5. ID of cashier receiving the monies.
5.8 Deposit of Funds
Deposit of Funds to the Bank
• By RCW, receipts must be deposited in the bank within 24 hours. The Finance
Director has the discretion to grant an exception when daily transfers are not
administratively practical or feasible (RCW 43.09.240). Due to staffing and
activity, the City of Yelm Finance Director has determined that all money
received must be deposited at least weekly, or more often if the total of cash
exceeds $500.
Deposit Slip
• In order to complete the deposit, cash handlers must complete a bank deposit
slip. The denomination of coins and cash on the deposit slip must agree to the daily
User Totals Report.[EC2] A second person must verify that the deposit slip matches
the cash deposit.
5.9 Bank Returned Non -Sufficient Funds (NSF) Checks
This policy applies to all checks which are made payable to the City, deposited into the general
operating account at the bank, and later returned by the bank. Checks may be returned due to
insufficient funds, closed accounts, invalid signatures, stop payment, or any other condition
making the check invalid.
A. The Bank will debit to the account any NSF checks and mail a copy of the checks to the
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Finance Department.
B. Action should be taken by the department involved to stop service, license, permit,
or other compensable action, until the check is cleared. No new goods or services
should be provided until payment is received for the NSF check. The
department/office should adequately document the action taken in their files and
records.
C. The City will accept only certified funds as payment for a bank returned check.
D. A processing fee will be charged on all NSF checks set by City resolution.
E. Fees charged by the bank for returned checks will be expensed by the Treasurer to
the department/office which deposited the check.
5.10 Reconciliation of Bank Accounts
All City bank accounts must be balanced (reconciled) to the bank statement monthly.
Accounts shall be reconciled by a person not having the responsibility for signing the checks.
5.11 Reporting Losses
In the event of a suspected loss of public funds, it is essential that correct procedures be
followed in order to minimize the loss, assist investigations, prevent improper settlements,
expedite bond claims, and protect employees from false accusations.
A. Any person who discovers a loss or theft of City money shall immediately notify their
Department Director.
B. The Department Director should immediately report the suspected loss to the Finance
Director.
C. The Finance Director should immediately report the suspected loss to the State
Auditor's Regional Audit Manager, if theft or fraud is suspected.
D. A report shall also be made by the Finance Director to the appropriate law enforcement
agency.
E. DO NOT attempt to correct the loss. Report it as previously stated.
F. DO NOT destroy any pertinent records. All original records should be secured in a
safe place, such as the vault at City Hall until the State Auditor's Office completes
the investigation.
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1. INTRODUCTION
CALTy ®C
WASHINGTON
Finance Department
Electronic Funds Transfer Policy
The City of Yelm recognizes the use of various electronic payment methods as a safe and efficient method
to process certain disbursements. The City of Yelm is committed to establishing controls and procedures
for the utilization of electronic funds transfers (EFTs). This policy provides a framework of procedures to
ensure that proper protocols are followed, and that applicable oversight is in place for the use of EFTS.
2. DEFINITIONS
2.1 Electronic Funds Transfer (EFT): The electronic exchange (transfer of money from one bank account to
another), either within a single financial institution or across multiple institutions, through computer-
based systems. Wire transfers and ACH payments are examples of EFTs. This form of disbursement is
authorized by RCW 39.58.750.
2.2Automated Clearing House (ACH): This is an electronic payment delivery system that processes
electronic credit and debit transactions, including direct deposits, within the United States using the
American Bankers Association (ABA) number. These should be set up in the vendor master file that
denotes this payment method.
2.3 Banking Information: Information from the payee ortheir bank regardingtheir account. This information
includes bank name, account name, account number, routing number, bank contact information and
any other information necessary to transmit funds.
2.4 Wire Transfer: This is an electronic transfer of funds from one bank account to another initiated directly
with the payer's bank. This type of transfer utilizes a system operated by the Federal Reserve Banks and
is more costly compared to transactions involving checks or ACH.
3. RESPONSIBILITY
The Finance Department is the only department authorized to initiate EFTs. Finance shall be responsible
for the review of EFT requests in order to assure compliance, completeness, and proper general ledger
recording. This method of payment will be used only when authorized by the Finance Director or his/her
designee.
4. GENERAL PROVISIONS
The City of Yelm utilizes EFTS for receipt of intergovernmental payments, grant payments, and other
revenues where practical, and the transmittal of payroll, withholdings, tax deposits, bond payments, credit
card processing fees, banking fees, real estate transactions, and other disbursements where practical or
required. All EFT transactions will utilize the same procedures.
All EFT payments will be coordinated and submitted through the Finance Department. The Finance
Director or his/her designee will approve all new requests and any changes to electronic funds transfer
requests, ensuring that the payment is necessary, all required documentation is provided and
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appropriately approved, and that the request and banking account information is accurate and valid, and
that the transaction is accurately recorded in the general ledger system.
All EFTS are subject to applicable Purchasing Policies and all other policies and procedures in relation to
the purchase of goods and/or services.
Except as noted above, wire transfers should only be used in payment of an obligation of the City on an
emergency basis when the situation requires immediate funds to settle a transaction. If a more
inexpensive mechanism can be used to effect payment of the obligation (i.e., Electronic Funds Transfer or
paper check), the Finance Department shall reserve the right to effect payment with the more inexpensive
mechanism. Exceptions to this must be pre -approved by Finance.
This policy will be reviewed on an annual basis for accuracy and process verification. The City Finance
Director is authorized to make minor administrative changes to this policy, provided such changes are
consistent with state and federal requirements.
5. PROCEDURES
The Finance Department is the only department authorized to initiate EFTS. Finance shall be responsible
for the review of EFT requests in order to assure compliance, completeness, and proper general ledger
recording. This method of payment will be used only when authorized by the Finance Director or his/her
designee.
To promote the safety of City funds in the EFT environment, all City employees involved in processing
payments via EFTS will use the following procedures.
d The procedure to initiate an EFT is subject to the same financial policies, procedures and controls that
govern disbursement by any other payment method.
* EFT transactions will not be made without proper authorization of affected parties in accordance with
Federal and State statue and accepted business practices.
• Authentication of new EFT requests and changes to existing EFTs are required prior to the transactions
being input in the computer-based banking system and includes the following steps.
1. Validate: All new electronic payment instruction requests received, even if the request is
internal.
2. Contact: The supplier or requestor must be contacted directly by phone to confirm any
requests for payment method or payment instruction changes. Do not use the contact
information provided on the request to change payment method or payment instructions-
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Contact information known to be genuine must be used, such as the contact information in
the master file or information collected from the original contract. The contact must
confirm existing payment instructions on file prior to making changes to those instructions
(i.e., current bank account name, number, and routing information).
3. Verify: The new information provided on the payment instructions must be verified with the
known contact (i.e., contact bank to confirm correct account name, number, and routing
information).
4. Document: The verification process that was followed must be documented to validate
payment instructions. The person responsible for entering/updating instructions and the
person approving the new/updated wire instructions must approve the record of
verification.
• When ACH payments are approved, they will be set up in the master file database in the financial
accounting system by individuals authorized to perform vendor maintenance.
• All invoices will be approved by the responsible department and entered into the financial accounting
software by Accounts Payable.
• Transmission of the ACH file from financial system to bank will occur through secure single user
account login by authorized Finance staff, verifying the number of EFTS submitted to the bank and
that the total matches the report in the financial accounting system.
• All new vendors are pre -noted within the cities banking system to ensure the accounts validity
• Bank balances will be monitored daily for unusual or unexpected transactions.
• Reconciliation of banking activity will be accomplished in a timely manner with investigation and
resolution of reconciling items.
Wire Transfers:
The Finance Department is the only department authorized to initiate wire transfers. Finance shall be
responsible for the review of wire requests in order to assure compliance, completeness, and proper
general ledger recording. This method of payment is only to be used when authorized by the Finance
Director or their designee.
The City will utilize security measures offered by Timberland Bank to prevent unauthorized individuals
from initiating or modifying a wire transfer. Only employees with proper system credentials and separate
banking user IDs should only use online banking systems. The security administrators in the Finance
Department shall ensure that adequate separation of duties exist in accordance with internal control
standards and that the integrity of system user profiles is protected. Steps are also taken to limit the
number of users who have access to create or approve wire transfers and their authorized wire amounts.
In addition, Timberland Bank controls require two separate users to complete a wire. One authorized
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Finance employee will initiate the wire transfer process and another authorized Finance employee must
separately approve the wire transfer.
All wire transfer requests, including back-up wire information, invoice or other supporting documents will
be forwarded to those authorized in the Finance Department to initiate wires.
The wire transfer requests must include:
1. Name and address of the payee
2. Full payment instructions including banking information.
The bank and invoice information must be verified; if there is an inconsistency with the information
provided, the wire initiator will contact the initiating department or proper party to obtain additional or
corrected information. If all information agrees with the documentation, the authorized Finance
employee will request the wire with the City's financial institution.
The wire transfer request and all documentation will be forwarded to the Finance Director or their
designee for payment approval. The pending wire information is reviewed online against the back-up
documentation. If there is an error, the wire will be rejected online, and the wire initiator will make any
necessary corrections to the data. If all information is correct, the wire will be approved. The payment
approval confirmation should be attached to the documentation for future reference. Upon completion
of the wire transfer, the entry will be recorded in the financial accounting system by the proper Finance
employee.
The City may establish a wire template for wires that will be completed on a regular basis for items such
as investments or regularly scheduled payments.
ACH Payments to Vendors:
The procedure to initiate an ACH payment is subject to the same procedures and controls that govern
disbursement by any other payment mechanism including a check payment. ACH transactions will not be
made without proper authorization of affected parties.
Prior to a vendor receiving ACH payments for submitted invoices, a completed Direct Deposit
Authorization Form must be submitted to Accounts Payable and approved by the Finance Department.
The Finance Department will review the ABA number, bank account number, and name as shown on the
supporting documentation. If all information on the form and the supporting documentation is correct
the data is then recorded in the Vendor Record in the financial accounting system. The supporting
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documentation is then filed and stored in a secured office location. Any subsequent requests to change
vendor banking information require a new Vendor ACH/Direct Deposit Authorization Form and will be
confirmed directly via phone with the vendor by Accounts Payable.
The financial accounting system will generate an electronic file and an EFT check register report that will
be used to complete the ACH transmission form. The ACH transmission form will be completed by the
Finance Department and will be used to generate a standard ACH transmission file. The electronic
generated banking file from the financial accounting system is electronically transmitted to the City's
banking institution, authorizing the debit and credit of funds between banks.
The Finance Department staff who initiate and complete EFTtransactions are responsible for ensuring the
financial internal controls are maintained, the activity is posted timely, and operational procedures are in
place to reduce the risk of loss of City funds arising from fraud, employee error, misrepresentation by third
parties, or imprudent actions by City employees. The Finance Department will monitor bank balances daily
for unusual or unexpected transactions, reconcile bank activity to the general ledger in a timely manner,
and investigate and resolve reconciling items.
Payroll Direct Deposit:
For the processing disbursements for payroll, each employee is required to complete a Direct Deposit
Authorization Form. This form must contain bank information documentation in order to assure proper
setup. Account documentation may include a voided check or a bank notification stating the bank's transit
and routing number in addition to the employee's account number. The form is signed by the employee
and provided to Human Resources. Account documentation is reviewed to ensure the information does
not appear altered or manipulated in any way. If evidence of such is present, the employee will be
contacted to verify the information. In addition, if the submitted void check does not contain the
employee's name, the employee will be contacted to verify the information. The outcome of these
communications will be documented on the direct deposit form.
Suspicious or fraudulent situations should be routed to the Human Resources Director. After the form has
been reviewed for accuracy, the form will be given to Payroll. Information is entered from the form into
the employee record within the payroll system. If an employee wishes to change direct deposit
information, a new form must be completed and signed. This information is limited to Human Resources
personnel and Finance staff responsible for payroll.
Payroll Withholding:
Yelm currently pays certain invoices relatingto payroll expenses through an EFT process. Upon completion
of a payroll cycle, the vendor and invoice amounts are identified. Through a secure single user account,
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payroll staff initiate an ACH payment on the vendor site for the specific amount identified for each payroll
cycle. The information including vendor, disbursement amount, and payroll cycle is maintained along with
a confirmation that the vendor accepted the ACH disbursement.
Internal Controls:
The following internal controls have been adopted to validate all available safety precautions are utilized:
• Implementation of bank offered security measures to prevent unauthorized individuals from initiating
or modifying a transfer.
Each user initiating or approving wire transfers must have a separate banking user id.
• Only setting up wire transfers for debt service payments, transfers between City bank accounts, and
property acquisitions, and other transactions as required, only with approval of the City
Administrator/Finance Director.
• Utilization of computer standards, policies and procedures to protect the computers and computing
processes used for EFTS from computer malware.
• Ensuring a secure process for creating, securing, sending and authenticating direct deposit transmittal
files to prevent unauthorized modification or submission.
6. FRAUD
If banking fraud is discovered in the EFT process, the fraud must be reported to the Finance
Director immediately. In the absence of the Finance Director, the Financial Analyst must be
notified. The Finance Director must notify the City Administrator of the possible fraud as soon as
possible after it is detected. Steps will be taken with Timberland Bank to mitigate the risk of loss
to the City and mitigate further implications.
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Meeting Date: July 25, 2023
CITY COUNCIL AGENDA ITEM SUMMARY
City of Yelm, Washington
AGENDA ITEM: Resolution No. 638 Adopting a Cash Receipting and Electronic File Transfer
(EFT) Financial Policies
PROPOSED MOTION:
Motion to adopt Resolution No. 638, approving a Cash Receipting Policy and a EFT Policy
KEY FACTS AND INFORMATION SUMMARY:
The Cash Receipting Policy assures that all City employees responsible for handling cash are
aware of their duties and provides guidelines for all cash handlers within City of Yelm. For
purposes of the policy, "cash" refers to all forms of payment, including currency, checks,
credit cards and bank transactions.
The Electronic Funds Transfer (EFT) Policy recognizes the use of various electronic payment methods
as a safe and efficient method to process certain disbursements. This policy provides a framework of
procedures to ensure that proper protocols are followed, and that applicable oversight is in place for
the use of EFTS.
The proposed policies are in compliance with applicable state laws and guidance provided by
the Washington State Auditor's Office. Many of the past practices of the City of Yelm in regards
to cash receipting and EFTS have been incorporated into this policy.
ATTACHMENTS:
0 Resolution No. 638
e Cash Receipting Policy
• EFT Policy
Respectfully Submitted:
Stephanie Nanavich
1IPage
Finance Director
FST. 1924
WASHINGTON
Meeting Date:
CITY COUNCIL AGENDA ITEM SUMMARY
City of Yelm, Washington
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