Business Office

Petty Cash Fund

Often it is necessary to make small purchases on behalf of the institution when it would be inefficient to prepare a purchase order. To meet this need a petty cash fund has been established.

Petty cash funds are only for the purpose of infrequent purchases. A separate purchase should not exceed $20.00 for reimbursement from petty cash.

If frequent orders purchased are made for the same materials through the same vendor, the blanket purchase order procedure should be followed.

A receipt showing what was purchased signed by the budget director with the account number noted will be paid in cash by the secretary to the associate director of finance.

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