Check Signing
Purpose: To define the hierarchy of check signing for all funds. Policy: To ensure there are proper controls over the signing of checks for Operation, Capital, and Reserve Funds. Operations Fund This fund has three (3) main accounts: Operations (A/P), Payroll and Flex (if needed). Signature requirements as follows: Operations(A/P): (Two signatures required)
1. 2.
General Manager
Board Treasurer (in season)
3. Controller (summer or when 2nd signature required due to availability) 4. Board President 5. Board Vice President 6. Board Secretary Payroll: (One signature required); however, no employee can sign their own paycheck. 1. General Manager 2. Board President 3. Controller
Flex: (One signature required) 1. General Manager 2. Board President 3. Controller
Capital Fund: (Two signatures required) - Signature requirements as follows: 1. Board President 2. Board Treasurer (in season)
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