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Committee forwards ordinance to shrink Public Library petty-cash fund after controller audit
Summary
The Budget & Finance Committee voted to send to the full Board an ordinance that would reduce the San Francisco Public Library—s cash revolving fund from $55,000 to $3,500 following controller recommendations; a public commenter warned the change does not address longer-term internal control problems.
The Budget & Finance Committee on Wednesday moved to the full Board an ordinance that would cut the San Francisco Public Library—s cash revolving fund from $55,000 to $3,500, a change staff said reflects the smaller on-hand cash needs of branch operations.
Madam Clerk read the ordinance and a library staff member said the fund is used for change and petty cash across the system—s 26–27 branches, primarily to operate cash registers and cover minor daily expenses. "We put in the resolution to reduce the revolving…
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