Title
Approval of a Resolution Concerning an Adjustment to Petty Cash and Change Funds
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a Resolution adjusting petty cash and change fund levels.
Report
Issue:
Whether to approve a Resolution adjusting petty cash and change fund levels.
Staff Contact:
Kensey Wang, Accounting Manager, Finance 360.753.8435
Presenter(s):
None - Consent Calendar item.
Background and Analysis:
The City uses petty cash and change funds to support small and incidental transactions that arise in the normal course of business requiring cash. Cash-based activities have changed since the funds were last evaluated in 2017. This resolution modifies the change funds and petty cash amounts throughout the City to better support current needs.
Climate Analysis:
This agenda item is expected to result in no impact to greenhouse gas emissions.
Equity Analysis:
One of the goals of the City’s budget process is to ensure that city services are provided equitably to our residents and business communities, as well as the greater Olympia community. This agenda item is not expected to further impact known disparities in our community.
Neighborhood/Community Interests (if known):
Members of the community may have an interest in this agenda item as it deals with City finances and fiscal governance.
Financial Impact:
There is no financial impact related to this action.
Options:
1. Move to approve the Resolution adjusting petty cash and change fund levels.
2. Do not approve the Resolution adjusting petty cash and change fund levels.
3. Consider the Resolution at another time.
Attachments:
Resolution