[GNC] Be careful with `petty cash'

[Michael or Penny Novack]

On 9/10/2020 5:29 PM, Adrien Monteleone wrote:
> I'm not sure what you are referencing by 'paying-in slip'.

POSSIBLY something else. For example, there is an annual event at which 
a "teacup auction" takes place. There is both cash and checks placed in 
the can when people buy tickets, sometimes somebody there, but usually 
honor system.

But unwise to trust honor too far. My normal practice is every few hours 
to remove some amount of currency leaving just enough for change and 
replacing what I took out with a signed, dated, time stamped slip for 
what I have removed. Those included with the (witnessed) currency count.

I would then make good those slips (and remaining currency) with a 
check. It might be days till whoever was Treasurer back home and could 
make a deposit. Not everybody attending is even from the same country, 
let alone state. But  I'd be home 3 hours after the event ended so less 
a nuisance for me to hold currency.

The point is, I could see somebody doing the same thing with an 
unguarded collection box, replacing currency with a slip.

Michael D Novack