Good internal controls require regular review of P-Card usage to identify any potential waste, fraud or abuse. Like credit cards, P-Cards can earn rebates and provide the County additional revenue. The County could be earning more P-Card rebate revenues than it currently is under a different agreement with the existing vendor JP Morgan Chase. We discovered that JP Morgan Chase is willing to work with the County Department of Finance to identify vendors that would accept virtual cards as a method of payment, thereby increasing the amount of eligible spending that rebates are calculated on. The County should make every effort to collect all revenues available to fund operations and reduce the burden on taxpayers.
