Laserfiche WebLink
<br />78 <br />Page 23 <br /> <br />\ <br /> <br />DOWNTOWN REDWOOD CITY <br />A Parking Management Propose' <br /> <br />A suitable safe should be provided at the start-up of operations, which <br />should include (2) separate vau~ts ... one for pre,;loaded change <br />canjsters(which the manager has prepared and the supervisors have <br />access to) and another one in which excess change and daily deposits <br />can be $tored, prior to delivery to the bank. Dependif1Q on the dollar <br />volume .of cash g~:merated, it may be dfi!sirabla to subcontract for <br />armored carserviee. bùt based on theprelimjnary parkÎng rates <br />discussed .and the large'yolume of ftee, validated parking expected, we <br />have not budgeted for this additiònal expense~ <br /> <br />AU cash collection is to be performed by the manager. It is then <br />reconCIled with the individual shift reports generated by each of the <br />ÞOF machines and combined into a single deposit. The deposit then <br />will be transported to the bank. Such deposits are made every <br />business day, and completed daUy paperwork, along with bank- <br />validated deposit slips are made available to the City bya set time <br />each business day. <br /> <br />The foregoing explanation of the basics of the process has really just <br />scratched the surface of this part of our duties. Our efforts in the <br />performance of these duties is guided, in large part, by the stringent <br />requirement set forth in our Standard Operating Procedures (SOPs). <br />These documentsgovem most every aspect of our specific duties .8t <br />our parking facilities nationwide and span nine chapters filling (5) <br />three-ring binde.rs. <br /> <br />One of the most irnportantfunctions we perform, and therefore <br />designated as "Chapter 1 Ii is Accounting/Record Keeping and <br />Reporting. These SOPS are proprietaryiri nature. as they fully <br />describe every aspect of Ampco System Parking's internal operating <br />methods. As such, we do not release them or reprint them in our <br />proposal submittals. <br /> <br />Auditina <br /> <br />The cash-intensive nature of the parking business necessitates clearly <br />defined procedures for accurate tracking and reporting of the revenue <br />stream. To that end, We have standardized our revenue control <br />procedures to ensure that there are checks and balances every step of <br />the way. Because the parking business generates a considerable <br />amount of cash, a thorough accåuntingon a regular basis is extremely <br />important. Ampco System Parking takes this accounting through fIVe <br />levels otcontrol: <br /> <br />Ampco System Parking <br />Page 19 <br />