Chapter 5: Financial Management

Question 1

True or False
It is OK to create a procedures manual that never refers to the judicial standing orders.

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Answer

False.

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Question 2

True or False
A procedures manual should include a description of how payments should be collected, processed, deposited, or remitted.

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Answer

True.

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Question 3

True or False
A procedures manual is an essential part of a sound internal control system.

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Answer

True.

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Question 4

True or False
A good procedures manual guides employees in performing their jobs correctly and helps train new employees.

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Answer

True.

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Question 5

In addition to personnel within the municipal court, what other city offices should be consulted to help ensure financial management procedures are sound and practical?

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Answer

The treasurer’s office, the accounting department, and the internal auditor’s office.

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Question 6

How often should a procedures manual be reviewed and updated?

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Answer

At least annually.

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Question 7

True or False
A sound system of internal control prevents errors and misuse of funds.

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Answer

True.

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Question 8

True or False
Good internal control systems simplify the work of auditors.

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Answer

True.

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Question 9

True or False
There is an increased need for awareness and understanding of internal controls at all levels of government.

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Answer

True.

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Question 10

True or False
An internal control system only needs three of the four basic principles to be considered a strong internal control system.

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Answer

False.

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Question 11

True or False
An appropriate division of duties is a basic principle of internal control.

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Answer

True.

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Question 12

True or False
Fraud is more difficult if the same person collects cash, prepares the bank deposit, or records the receipts in the general ledger.

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Answer

False (it is easier).

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Question 13

True or False
Staff positions do not require specialized training in court processes.

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Answer

False.

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Question 14

True or False
Personnel should understand how their duties fit in with the duties of others in the municipal court and with duties of other offices in the city.

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Answer

False.

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Question 15

True or False
Procedures should be broad and general so the reader will not get bogged down in detail.

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Answer

False.

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Question 16

True or False
If personnel clearly understand what is expected of them and how they are supposed to do their job, they will do a better, more accurate job.

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Answer

True.

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Question 17

True or False
Even if a municipal court’s performance is being checked by the city’s internal audit department, the court should still check its own performance.

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Answer

True.

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Question 18

In addition to actual monetary losses that can result from poor internal controls, perhaps the biggest loss is:

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Answer

The decline in the public’s perception of and confidence in government.

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Question 19

As a general rule, the cost of internal control should not exceed the:

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Answer

Expected benefit.

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Question 20

In addition to safeguarding assets, an internal control system should:

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Answer

Protect those people who do their job and do it right.

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Question 21

The three basic functions that should, if at all possible, be performed by three different people in a municipal court are:

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Answer

The three basic functions that should, if at all possible, be performed by three different people in a municipal court are: • authorization (approval) of transactions; • recording of transactions; and • custody of assets (cash and other property).

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Question 22

Three other means that take on added importance in helping assure reliable internal control when a strict separation of duties cannot be maintained due to a limited staff size are:

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Answer

Three other means that take on added importance in helping assure reliable internal control when a strict separation of duties cannot be maintained due to a limited staff size are: • rotation of duties among personnel; • more strict supervision; • special double-checking of work; • enforced vacations; • additional training to improve quality of work; and • more frequent internal audits.

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Question 23

The most important thing to remember about an appropriate division of duties is:

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Answer

That no person should handle a transaction from beginning to end.

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Question 24

Two examples of items that should be prenumbered and controlled are:

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Answer

Receipts and checks.

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Question 25

In a municipal court, three of the tasks that sound procedures should provide for include:

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Answer

In a municipal court, three of the tasks that sound procedures should provide for include: • and control of prenumbered forms/documents; • cross-referencing of documents; • periodic reconciliation of subsidiary records to control totals; • proper authorization of transactions; • effective, timely reporting of transactions; • safeguarding of assets; • appropriate flow of documents; • reasonable amount of checking the work of others; and • bonding of all employees with access to cash and other valuables.

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Question 26

At a minimum, how frequently should a municipal court assess the adequacy of its internal controls?

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Answer

Annually.

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Question 27

True or False
State law requires municipal courts to maintain a bank account.

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Answer

False.

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Question 28

True or False
The fewer the number of bank accounts a city has, the easier it is to keep up with and reconcile them.

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Answer

True.

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Question 29

True or False
Fewer bank accounts for a city can result in lower bank service charges and higher interest rates.

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Answer

True

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Question 30

True or False
If a municipal court can operate effectively without a bank account, it should consider doing so.

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Answer

True.

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Question 31

True or False
State court costs and fees have to be kept in a separate bank account pending transfer to the State.

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Answer

False.

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Question 32

True or False
It is best for checks to have an expiration date printed on them.

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Answer

True.

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Question 33

If a municipal court maintains a bank account, it should be because:

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Answer

It will somehow enhance overall city operations (e.g., better safeguarding of money or more efficient handling of court operations).

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Question 34

If an account is maintained, the court should make sure that the person signing the checks is:

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Answer

Not also someone who has recordkeeping or custodial functions.

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Question 35

A small municipal court staff is an argument against the court having a bank account because:

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Answer

It makes it even more difficult to appropriately divide duties.

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Question 36

True or False
Petty cash consists of:

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Answer

A sum of money set aside for making small cash purchases on a contingency basis.

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Question 37

A change fund is used for:

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Answer

The purpose of making change for customers.

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Question 38

There should be a separate change fund for:

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Answer

Each individual receiving money and issuing receipts.

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Question 39

It is helpful to have signs posted in a municipal court stating:

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Answer

It is helpful to have signs posted in a municipal court stating • checks and money orders will be accepted for amount of payment only; • checks will not be cashed; • when paying in cash, please have as close to the exact amount as possible.

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Question 40

True or False
It is preferable for municipal courts to have petty cash funds and make their own small purchases.

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Answer

False.

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Question 41

True or False
Petty cash funds and change funds should be commingled.

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Answer

False.

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Question 42

True or False
A change fund should be maintained at a very high a dollar value to cover all possibilities.

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Answer

False.

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Question 43

True or False
An individual receiving a change fund amount should sign a receipt for the amount received.

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Answer

True.

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Question 44

True or False
Change fund amounts should be verified at the beginning and end of each workdaywork day.

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Answer

True.

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Question 45

True and False
For reasons of convenience, change funds should be used to cash personal checks.

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Answer

False.

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Question 46

True or False
Change funds should not be used to make advances to officials or employees.

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Answer

True.

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Question 47

True or False
Prenumbered receipts are not necessary as long as the court is audited frequently.

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Answer

False.

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Question 48

True or False
It is not necessary for a person receiving receipts to count and make sure they are all there because printers do not make mistakes. T/F

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Answer

False.

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Question 49

True or False
Receipts should not be prepared for mailed payments unless a self-addressed stamped envelope is included with the payment.

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Answer

False.

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Question 50

True or False
The municipal court should periodically account for all receipts, both issued and unissued.

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Answer

True.

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Question 51

If computer-generated receipts are the norm, what should be available when there are computer problems?

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Answer

Regular prenumbered, hardcopy receipts.

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Question 52

Regular hardcopy receipts should be ordered:

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Answer

Centrally by the city and distributed to the municipal court as needed.

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Question 53

When should a receipt be prepared?

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Answer

Each time a payment is received.

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Question 54

A receipt form should have ___________ parts: an ________________, and __________ copies.

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Answer

Three; original; two.

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Question 55

Eight things a receipt form should provide adequate space for include:

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Answer

Eight things a receipt form should provide adequate space for include: • date issued; • docket number; • amount received; • who the money is being received from; • what the money is being received for; • method of payment (i.e., cash, check, money order, credit card) and check or money order number when applicable; • signature, electronic signature or initials of individual preparing the receipt; and • any other information relevant in the circumstances.

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Question 56

Why is proper management of mailed payments particularly important?

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Answer

Because the payee is not present and no receipt is issued at the time of payment.

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Question 57

If the person opening the mail also has responsibilities for other monies, when and where should mail be opened?

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Answer

Mail should be opened at a time of the day and in a location where other monies are not being handled.

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Question 58

Name two possible benefits to accepting credit card payments.

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Answer

Possible benefits to accepting credit card payments are: • decreasing outstanding amounts owed; • reducing the number of defendants on installment agreements; • increasing taxpayer service by providing a convenient way to make payment; and • reducing administrative costs of the municipal court.

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Question 59

The goals concerning installment payments include:

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Answer

Ensuring that payments are made timely and that missed payments are promptly followed up on.

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Question 60

A written installment agreement should clearly explain what?

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Answer

The terms of the agreement, including payment amounts and dates.

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Question 61

True or False
Employees with access to cash should be adequately bonded.

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Answer

True.

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Question 62

True or False
Each person receiving payments should have a separate cash box or drawer.

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Answer

True.

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Question 63

True or False
It is best to have the change fund amount vary each day to keep everyone on their toes.

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Answer

False.

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Question 64

True or False
An individual receiving payments should allow trustworthy co-workers access to their cash box or drawer in their absence.

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Answer

False.

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Question 65

True or False
It is best to handle as many transactions at a time as possible.

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Answer

False.

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Question 66

True or False
It is best to always arrange currency, coins, and checks in a box or drawer in a consistent manner.

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Answer

True.

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Question 67

True or False
Each individual receiving payments should balance out his or her cash box or drawer each day.

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Answer

True.

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Question 68

True or False
Bank deposits or remittances to the city treasurer should be made daily.

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Answer

True.

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Question 69

True or False
If possible, a city should avoid having the police department accept municipal court payments and issue receipts.

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Answer

True.

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Question 70

True or False
When the police department does receive municipal court payments, it should not issue receipts, since that should be done by the municipal court.

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Answer

False.

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Question 71

True or False
A separate listing should be made of each day’s receipts and it should be forwarded to the city auditor or to the city treasurer if there is no auditor.

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Answer

True.

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Question 72

True or False
The daily drop/lock box collections report should be signed or initialed and dated by the person preparing

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Answer

True.

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Question 73

True or False
All mail should be opened daily, with the exception of weekends or holidays.

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Answer

True.

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Question 74

True or False
Mail should be opened by someone while he or she is receiving payments and issuing receipts.

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Answer

False.

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Question 75

True or False
Mail should be opened out in the open, not in an enclosed office.

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Answer

True.

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Question 76

True or False
The law provides that a city council may authorize a city official to collect payment for court costs, fees, and fines by credit card.

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Answer

True.

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Question 77

True or False
In deciding whether or not to accept credit card payments, the city should compare the cost of processing fees with the expected benefits

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Answer

True.

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Question 78

True or False
Since the decision rests with the judge in each case, it is best not to have a written description of when installment payments are generally utilized.

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Answer

False.

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Question 79

True or False
There should be a written installment agreement any time a payment plan is granted.

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Answer

True.

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Question 80

True or False
There should be an efficient way to keep up with payments and indicate past due amounts.

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Answer

True.

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Question 81

True or False
If the court does not have an automated means of handling and keeping up with installment payments, some sort of manual system should be used.

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Answer

True.

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Question 82

True or False
The goal in recording both jail time and community service credit should be to properly apply any credit and establish a clear audit trail.

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Answer

True.

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Question 83

True or False
A copy of a completed form showing when the defendant was placed in jail and released from jail should be forwarded to the municipal court.

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Answer

True.

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Question 84

True or False
There should be an order signed and dated by the judge authorizing the defendant to participate in community service.

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Answer

True.

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Question 85

True or False
An entity or organization supervising community service should specifically indicate how many hours the defendant worked.

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Answer

True.

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Question 86

True or False
The court should rely on the defendant to determine if the defendant has timely completed and documented completion of community service.

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Answer

False.

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Question 87

True or False
A policy on cash bonds should include guidance that will ensure that the right amount of money gets to the right place in a timely manner.

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Answer

True.

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Question 88

True or False
A receipt should not be given to a defendant posting a cash bond until the bond is forfeited.

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Answer

False.

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Question 89

If all or part of the bond is refunded to the defendant, any interest earned on the bond shall be :

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Answer

Returned to the defendant as well.

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Question 90

If the court is using the provisions in Article 45.044 of the Code of Criminal Procedure, what should be included in any paperwork once the bond is forfeited?

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Answer

The paperwork should: • indicate to the treasurer that the bond amount should now be applied to court costs, fees, and fines and how much to apply to each; and • indicate the amount to be refunded to the defendant if the defendant is entitled to jail-time credit.

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Question 91

If the court is using the civil bond forfeiture provisions in Chapter 22 of the Code of Criminal Procedure, and the money has been kept in a cash bond account in the court, where should the money be deposited?

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Answer

As general revenue for the city.

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Question 92

True or False
The person identifying the money should document in writing what was found, where it was found, how it was found, and then sign and date the documentation.

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Answer

True.

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Question 93

True or False
If it can be determined to whom the money belongs, the money should be kept in the municipal court until it is claimed by the rightful owner.

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Answer

False.

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Question 94

True or False
Receipts should be balanced out daily.

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Answer

True.

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Question 95

True or False
If there are three individuals in the court receiving money and issuing receipts, the one with the most tenure should be responsible for balancing out all three cash boxes or drawers.

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Answer

False (each person should balance their own).

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Question 96

True or False
Any overages or shortages should be excluded from the reconciliation form unless it is known what the cause was.

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Answer

False.

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Question 97

The total amount shown on the receipts issued for the day should equal.

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Answer

The total amount of money in the cash box or drawer less the amount of the change fund.

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Question 98

True or False
The report should show the beginning balance the court was responsible for at the start of the month.

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Answer

True.

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Question 99

True or False
The report should be signed and dated by the person preparing it and by the person reviewing and approving it.

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Answer

True.

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Question 100

Define auditing.

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Answer

Examining information and operations for mathematical accuracy, legality, and propriety. It is a process of determining whether all transactions are properly recorded in the accounts and appropriately reflected in statements and reports.

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Question 101

List at least three specific objectives of auditing.

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Answer

Objectives of auditing include assuring that: • the court has collected all the money they are supposed to; • money collected was properly remitted to the appropriate party; • property is properly managed; • money and other property is properly accounted for, properly reported, and adequately safeguarded; and • operations conform to laws, rules, and prescribed procedures.

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Question 102

List at least four examples of the type of audit work that should be done in a municipal court.

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Answer

Examples of the type of audit work that should be done in a municipal court are: • conducting surprise cash counts; • reviewing bank reconciliations; • accounting for all receipts; • auditing receipts for proper amount collected, deposited, or remitted and correct bookkeeping; • confirming amounts paid (or the fact that nothing was paid) with defendants; and • reviewing reports.

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Question 103

List at least five items an auditor may want to examine during the course of an audit.

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Answer

Items an auditor may want to examine during the course of an audit are: • procedures manual, including any internal control procedures used in the court; • bookkeeping system, including reports, ledgers, and journals; • docket books; • monthly bank reconciliations for each bank account, including canceled checks and bank statements for the period covered by the audit; • fixed assets assigned to the court; • change funds, receipts (issued and unissued), and monies collected; and • office files and related correspondence.

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Question 104

True or False
Auditing can be a means for minimizing and providing for early detection and correction of material mistakes and irregularities.

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Answer

True.

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Question 105

True or False
An internal audit is an audit done by someone who does not work for the organization being audited.

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Answer

False (that is an external audit).

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Question 106

True or False
State law requires that cities have annual audits conducted by independent certified public accountants.

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Answer

False (it is recommended it be conducted by an independent person).

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Question 107

True or False
At least quarterly, some sort of audit work should be done relating to municipal court operations.

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Answer

True.

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Question 108

True or False
A municipal court will always be notified when an internal audit is going to be conducted.

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Answer

False.

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Question 109

True or False
Some audit steps are almost always done on a surprise basis (without any notification), such as a cash count.

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Answer

True.

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