Cash overages and shortages
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
The local agency shall prepare a resolution, for the division's approval, setting up procedures and policies in connection with cash overages and shortages. Pending the disposition of such overages and shortages in accordance with the approved resolution, cash overages and shortages shall be charged and credited to a sundry suspense and clearance account, designated cash overages and shortages. The bonding company should be promptly notified of any appreciable shortage, regardless of origin, and where the shortage appears to be due to misappropriation or embezzlement, a claim should be filed for reimbursement.