Control Activities Form for Revenue, Receivables, and Receipts—Governmental Funds Governmental Unit: Financial Statement Date: Completed by: Date: Instructions: See separate instructions at . Addresses or Control Has Automated Significant Been or IT- Effectively Test Assertions Risk? Implemented? dependent? Designed? Control? Comments Processing and Managing Billings for Property Taxes, Special Assessments, and Other Revenues C1000—Management reviews the entity’s financial statements on a E/O, C, periodic basis and investigates significant variances from budgets and R/O, V, expected results. A/CL, CO C2071—Rates and fees are approved by the governing body and E/O, C publicly announced or published in accordance with applicable laws and regulations. C2072—The governmental unit has established procedures to ensure E/O, C that all reimbursable costs or contract costs are billed (as assessments, fees, etc.) and adherence to those procedures is periodically reviewed by the appropriate level of management or another appropriate person. governmental unit prohibits loans to employees and E/O, C, governing body members. V C2074—Bills, assessments, permits, license renewals, etc., are agreed E/O, C, to authorized and/or approved amounts before recording. A/CL
Control Activities Form for Revenue, Receivables, and Receipts—Governmental Funds Governmental Unit: Financial Statement Date: Completed by: Date: Instructions: See separate instructions at . Assertions Addresses or Significant Risk? Control Has Been Implemented? Automated or IT- dependent? Effectively Designed? Test Control? Comments Processing and Managing Billings for Property Taxes, Special Assessments, and Other Revenues C1000—Management reviews the entity’s financial statements on a periodic basis and investigates significant variances from budgets and expected results. E/O, C, R/O, V, A/CL, CO C2071—Rates and fees are approved by the governing body and publicly announced or published in accordance with applicable laws and regulations. E/O, C C2072—The governmental unit has established procedures to ensure that all reimbursable costs or contract costs are billed (as assessments, fees, etc.) and adherence to those procedures is periodically reviewed by the appropriate level of management or another appropriate person. E/O, C governmental unit prohibits loans to employees and governing body members. E/O, C, V C2074—Bills, assessments, permits, license renewals, etc., are agreed to authorized and/or approved amounts before recording. E/O, C, A/CL
ALG%20CX%205%209%20Revenues%20Receivables%20Recpts%20Govt%20Funds.docx