Cashiering Function
The cashiering function is centralized in the Business office. All funds are receipted on pre-numbered forms and are deposited on a daily basis. A copy of each receipt is filed with the daily deposit slip. Each deposit slip is verified by a bank cashier and marked with the bank’s stamp and initialed. A second copy of each deposit slip is filed numerically in the Business office. All receipts are posted individually utilizing the Business office copy of the deposit slip and receipt. An employee in the Business office, other than the cashier, posts all receipts to the general ledger. These procedures follow generally accepted accounting principles and have proven to assist the institution in maintaining an effective system for managing and safeguarding institutional funds.