1. FY 2018 YEAR-END TRAINING Schedule W – Revolving Funds
Auditor-Controller’s Office
Presented By: Susana Garcia-Bocanegra
2018 Year End Training – Chapter 14

2. Schedule W - Revolving Funds
A revolving fund is an authorized amount of cash in the form of currency, a bank checking account or both. Revolving funds are established for specific operational needs to facilitate certain expenditure and cash transactions.
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3. Schedule W - Revolving Funds
California Government Code Section requires the Auditor-Controller to render a written report to the Board of Supervisors at the end of each fiscal year identifying the revolving funds in existence during the fiscal year, the amount of such fund, and the officer using the fund.
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4. Schedule W - Revolving Funds
Scenario
The Building Department has a lockbox which maintains a $600 balance and a bank account which always maintains a $5,000 balance. These funds are used for miscellaneous items and when funds are used the lock box and bank account are always replenished.
2018 Year End Training – Chapter 14

5. Schedule W - Revolving Funds
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6. Schedule W - Revolving Funds
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7. Schedule W - Revolving Funds
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8. Schedule W - Revolving Funds
Question
The Building Department provides building inspections for a fee. When customers make payments with large bills the department gives them change from a locked box. What schedule must be completed at year end?
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9. Schedule W - Revolving Funds
Answer
Since the Building Department has a locked box it will be Schedule W.
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10. Schedule W – Revolving Funds
Mail Schedules and Supporting Documents to:
ACO Year-End
Mail Stop #1050
Questions?
Submit them by to
2018 Year End Training – Chapter 14