I've not been able to find a local source for the strips, but would love to know if someone has one. I always end up buying them online. Parchment can work in a pinch, but is more difficult to manage and, if using with something like a mousse, the moisture ends up making it wrinkle, so you don't get a nice, smooth finish like you do with acetate.
The acetate you get at the craft store isn't "food-grade" so do with that info what you will. I've used it in a pinch, when making things I'm not actually SELLING to others, but I and my family have no problem with the "risk" and certainly have never suffered any ill effects from my using it. The only problem is that generally, the craft sheets are too short and have to be cut and pieced together with tape, depending on the size of your pan/ring mold.