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AG 1998 06 15
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AG 1998 06 15
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Last modified
3/25/2002 6:06:43 PM
Creation date
11/27/2017 11:51:52 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/15/1998
Board
Board of Commissioners
Meeting Type
Regular
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absolute, assurance regarding both the safeguarding of assets against loss from unauthorized <br />use or disposition and the reliability of financial records for preparing financial statements <br />and reports, such as the budget and the Comprehensive Annual Financial Report (CAFR), as <br />well as maintenance of accountability of assets. <br /> <br />Do <br /> <br />An annual audit will be performed by an independent public accounting firm which will issue <br />an opinion on the annual financial statements, with a management letter detailing areas that <br />need improvement if re_quired. <br /> <br />E. Full disclosure will be provided in all regulatory reports, financial statements, and bond <br /> representations. <br /> <br />The County will establish and maintain an inventory of fixed assets to account for the <br />County's property. Reports of these inventories and depreciation of all fixed assets will be <br />made in accordance with current governmental accounting standards. <br /> <br />G. The County's annual financial report will be prepared according to the standards necessary to <br /> obtain the Certificate of Achievement for Excellence in Financial Reporting from GFOA, and <br /> will be submitted each year for recognition. <br /> <br />Iv. CASH MANAGEMENT POLICY <br /> <br />The purpose of the County's Cash Management Policy is to provide guidelines to maximize the <br />use of public moneys in the best interest of the pub,tic.. ..... .._~:-: . . <br /> <br />A. Receipts <br /> <br />1. Cash receipts will be collected as expediently as reasonably possible to provide secure <br /> handling of incoming cash and to move these moneys into interest earning accounts <br /> and investments. <br /> <br />2. All incoming funds will be deposited daily as required by law. Deposits will be made <br /> in such a manner as to receive credit for that day's interest. <br /> <br />3. The County will develop and maintain cash flow projections that allow the County to <br /> invest moneys for longer periods of time at higher rates of interest since yields usually <br /> increase for longer maturities. <br /> <br />B. Cash Disbursements <br /> <br />1. The County's objective is to retain moneys for investment for the longest appropriate <br /> period of time. <br /> <br /> <br />
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