Loading...
Recording Cashier's Checks (BF-22, Rev. 1)DEPARTMENT: SUBJECT: REVISION: APPROVED BY: PURPOSE CITY OF DELRAY BEACH ADMINISTRATIVE POLICIES AND PROCEDURES Finance POLICY NUMBER:BF-22 Recording Cashier's Checks SUPERSEDES:BF-22,Rev.0 EFFECTIVE DATE:/o//( errence R.Moore,ICMA-CM,City Manager The purpose of this directive is to establish a procedure to record and prepare Cashier's Check Requests for payment. POLICY BF-22.1.Objective; The main objective is to create a history file for cashier's checks on the GMBA application that will enable the City of Delray Beach to print 1099 forms for these checks. BF-22.2 Policy, All City of Delray Beach cashier's checks issued by the Finance Department will be recorded as manual checks by Accounts Payable.The following procedure will be adhered to when requesting a cashier's check for payment and recording it. A.A Request for Check form shall be completed when requesting a cashier's check from the Finance Department."Cashier's Check"will be typed in bold lettering across the center of the Request for Check form. B.The Request for Check will be submitted to the Treasurer in the Finance Department.The Treasurer's responsibility is to review the request for pertinent back up material,authorized signatures,and to have the bank issue a cashier's check once approved. C.The Request for Check package including a copy of the cashier's check is forwarded to Accounts Payable by the Treasurer for final processing. D.Accounts Payable shall enter the cashier's check into the Main Menu application as a manual check by selecting the following menu and options: 1.Select 2-Budgeting and Accounting 2.Select 2-Transaction Entry Menu 3.Select 1 -Group Maintenance 4.Press F6 to ADD Recording Cashier's Checks BF-22 Page 2 of 2 5.Enter Group -Type AP 6.Type information from the Request for Check. 7.Type Bank Code 10 8.Type the entire check number in the first description line from the cashier's check 9.Type a description in the second description line 10.Hit Enter 11.Type the check date from the cashier's check copy 12.Type the first 7-digits on the cashier's check number from the cashier's check copy 13.Edit and Update the accounts payable batch. E.Accounts Payable shall give the cashier's check to the Accountant to clear the check from the GMBA application. F.The cashier's check and the backup material will be filed in the accounts payable alphabetical files.