The town of Bronxville operates a private parking lot near the rail road station for the benefit of the town residents. The guard on duty issues annual pre-numbered parking stickers to the residents who apply for and show proof of residency. The sticker is affixed to the window and allows the residents to park anywhere in the lot for 12 hours IF four quarters are placed into the parking meter. Applications are maintained at the guard office of the lot. The guard checks to see that only residents are using the lot and that no resident has parked without paying the required meter fee. Once a week the guard on duty who has a master key for all meters, takes the coins from the meters and places them in a locked steel box. The guard delivers the box to the town storage building where it is opened and the cash is manually counted by a storage department clerk. The storage dept. clerk records the total cash counted on a weekly cash report. This report is sent to the town accounting department. The storage dept. clerk puts the cash in a safe and on the following day, the cash is picked up by the towns treasurer who manually recounts the cash, prepares the bank deposit slip, and delivers the deposit to the bank. The deposit slip, authenticated by the bank teller, is sent to the accounting department where it is filed with the weekly cash report. Required....... Describe at least 5 weaknesses in the existing system and at least one improvement for each weakness to strengthen the internal control over parking lot cash receipts.