Greenwich Government To Eliminate Petty Cash Use In 2018

GREENWICH, CT — Greenwich Town Government will eliminate the use of petty cash this year, one of several recommendations made by the Cash Handling Task Force formed by First Selectman Peter J. Tesei after the town experienced issues with cash mismanagement.

The Task Force reviewed the cash-handling practices throughout Town Departments and issued several recommendations and policy updates "to improve the efficiency and security of Town operations, as well as ensure consistency across all Departments" according to officials.

The task force convened about a dozen times over the six month review, whose members included Tesei, Town Administrator Ben Branyan, Comptroller Peter Mynarski and Human Resources Director Mary Pepe.

Among the Task Force Recommendations and policy updates:

• Elimination of petty cash as of May 1, 2018;
• Mandatory training for any employee and their corresponding Department Head who handles cash;
• Identification of increased payment options for transactions conducted with the Town;
• Centralizing bank charges for payments made to the Town by credit card.

• Scrap metal
• Town travel & reimbursement
• Town credit card use

"I believe that the recommendations and policy changes effectuated by the Task Force demonstrate our commitment to not only improve business practices and efficiencies, but also improve financial security across all Town departments," said Tesei in a statement.

He added, "I have every confidence that Town Administrator Branyan, working inconcert with the Comptroller, Treasurer, and the Purchasing, Parks & Recreation and Public Works departments, will identify opportunities to increase payment options for transactions conducted with the Town and will develop a potential implementation schedule before summer’s end."

Image via Shutterstock

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