Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls January 11, 2019 http://www.kactfo.com Slide 1 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Competent Staff January 11, 2019 http://www.kactfo.com Slide 2 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Adequately Trained Staff January 11, 2019 http://www.kactfo.com Slide 3 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Policies and Procedures Detailed in a Manual Requiring the Posting of Revenues to the Ledger January 11, 2019 http://www.kactfo.com Slide 4 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Irregularities Receive Prompt and Appropriate Action January 11, 2019 http://www.kactfo.com Slide 5 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Incoming Checks are Listed and Restrictively Endorsed by Person Opening the Mail January 11, 2019 http://www.kactfo.com Slide 6 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Different Individuals Perform the Duties of Handling and Listing Cash Receipts, Making Deposits, Maintaining the Cash Receipts Journal, Posting to Ledger Accounts, and Reconciling Bank Accounts January 11, 2019 http://www.kactfo.com Slide 7 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Review of Receipt Components by an Independent Party January 11, 2019 http://www.kactfo.com Slide 8 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls The Fiscal Court must Approve all Purchases January 11, 2019 http://www.kactfo.com Slide 9 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls The use of Pre-numbered Documents (Purchase Orders, Checks, Receipts) January 11, 2019 http://www.kactfo.com Slide 10 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Cancel Invoices by Stamping “Paid” when Checks are Issued January 11, 2019 http://www.kactfo.com Slide 11 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Assign Different People the Duties of Preparing Purchase Orders, Receiving Goods or Services, Approving Payment, Preparing Checks, Signing Checks, and Preparing the Bank Reconciliation January 11, 2019 http://www.kactfo.com Slide 12 of 6

Kentucky County Treasurer’s Effective Internal Controls Fundamentals Course Effective Internal Controls Someone Independent of Cash Functions should Review Bank Reconciliations January 11, 2019 http://www.kactfo.com Slide 13 of 6

This is to certify that, on this day, FIRST LAST Friday, January 11, 2019 FIRST LAST Has successfully completed the Kentucky County Treasurer’s Fundamentals Course Effective Internal Controls Tammy Robertson K.A.C.T.F.O. President http://www.kactfo.com