Imprest Bank Case Study

Good Essays
a) The Vault Cashier will decide when a transfer of funds shall be made to/from the vault.
b) The proper form will be prepared showing the amount of monies that shall be transferred to/from the vault. All transfers will be documented with a vault receipt. On the vault receipt, a reason will be noted on the vault transfer.
c) The transfers of the monies take place.
d) The vault cashier makes the appropriated entry to the daily cash summary report and/or vault reconciliation.
e) The vault must be inventoried and document reconciliation is performed at the end of each shift. The reconciliation must be performed by taking the beginning inventory, adding vault transfers out, to arrive at the ending vault inventory. This figure must agree to the
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g) Security is the escort - he or she is not to touch or handle what is being transported.
h) Only under certain circumstances will Security be allowed to handle what is being transported.
IMPREST BANKS
An imprest bank is a bank that contains a pre-determined and constant dollar amount of chips, tokens, and/or cash. At any point in time, the total of the contents in the imprest bank must equal the pre-determined dollar amount. Overages and shortages must be documented on an overage/shortage slip.
If an imprest bank is only used to make change for customers, and is not used for any other transactions such as table fills, jackpot payouts, and hopper fills, a documented inventory shall be optional. The licensee must have a written policy to safeguard the imprest funds if a documented inventory is not performed. However, if the imprest bank is a part if the cage accountability, the inventory must be documented on the cage cash inventory form.
Any imprest bank located in the cashier cage must be included on the cash inventory sheet under miscellaneous banks.
RECORDING
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Table credits shall be recorded on the daily cash summary under "table credits".
• The cashier maintains all paperwork until the end of the shift.
• Currency that is received from a patron to Casino personnel in the gaming area will promptly place the currency in the cash register or other approved repository.
• At the end of the shift, the off-going cashier reconciles the beginning cash inventory to the ending cash inventory by accounting for all transaction on the daily cash summary.
• The off-going cashier determines that the opening inventory plus revenues minus expenses minus deposits equals the ending inventory. Any overage or shortage must be listed on the daily cash summary.
• All overages and shortages must be documented. Any overages or shortages involving theft must be reported immediately.
• The off-going cashier immediately forwards all paperwork generated during the shift to accounting personnel or deposits it in a locked accounting box. This includes the cash inventory sheets, daily cash summary, all fill /credit slips, request for fill/credit slips, jackpot payout/fill slips, and all other documents relating to that

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