CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Jessica L. Colvin, Chief Financial Officer |
Recommendation:
title
Approve, adopt, and authorize the Chair to sign a resolution to dissolve the General Fund's Eighth Judicial District Court $500 revolving petty cash fund. (For possible action)
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FISCAL IMPACT:
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Fund #: |
1010.000 |
Fund Name: |
General Fund |
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Fund Center: |
1160311000 |
Funded PGM/Grant: |
N/A |
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Amount: |
$500 |
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Description: |
Dissolve balance in the petty cash fund to $0 |
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Additional Comments: |
There is no fiscal impact as it is simply a reclassification of cash within a fund. |
BACKGROUND:
On March 19, 2002, the Board of County Commissioners of Clark County, Nevada, approved the establishment of a change bank in the amount of $500 for the Eighth Judicial District Court (EJDC). The purpose of this change bank is to allow the Department to make emergency purchases.
On February 15, 2022, the Board of County Commissioners of Clark County, Nevada, approved a Memorandum of Understanding (MOU) that established the EJDC as a new legally separate government entity. On July 1, 2022, the effective date of the MOU, the County transferred the assets and liabilities comprising their district court to the EJDC as a result of the MOU.
The EJDC seeks to return the funds contained in the EJDC's petty cash fund to the County to eliminate the cash held in custody of other officials recording in the County's General Fund. For this reason, the Board is asked to dissolve the revolving petty cash account.
Appropriate adjustments will be made to the general ledger for the returned funds.