Ill. Admin. Code tit. 86 § 3000.1040

Current through Register Vol. 48, No. 45, November 8, 2024

Section 3000.1040 - Accounting Controls Within the Cashier's Cage

a) The assets for which the cashiers are responsible shall be maintained on an imprest basis. At the end of each shift, the cashiers assigned to the outgoing shift shall record on a cashier's count sheet the face value of each cashier's cage inventory item counted and the total of the opening and closing cashier's cage inventories and shall reconcile the total closing inventory to the total opening inventory. The cashiers shall sign the completed cashier's count sheet attesting to the accuracy of the information contained on the cashier's count sheet.

b) At the conclusion of each day, at a minimum, a copy of the cashier's count sheet and related documentation shall be forwarded to the accounting department for agreement of opening and closing inventories, agreement of amounts thereon to other forms records, and documents required by this Section, and recording of transactions.

c) All accounting controls within the cashiers cage shall conform with the approved Internal Control System as required under Subpart C of this Part.

Ill. Admin. Code tit. 86, § 3000.1040

Amended at 21 Ill. Reg. 4642, effective April 1, 1997