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Single Article: Collecting and disbursing: Increasing cash management efficiency through the utilization of bank services

Author: STEVE MODLIN
Published in PFM, Vol. 14 No. 3

The proper management of cash transactions has proven to be a major component of county government administrative fiscal policy. Both collection and disbursement alternatives continue to be analyzed in order maximize cash flow for both the elimination of outstanding payables as well as additional investment opportunities. This study examines cash disbursement and collection practices of county governments in North and South Carolina. Initial findings indicate that professionally administered county governments do maximize efficiency through the use of multiple bank service alternatives. Additionally, the amount of time the service saved, the official responsible for service decisions, bank asset size, and the amount of cash needed on hand prior to disbursement all have significance in determining the type of services used for collections and disbursements.

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