Cash Funds (Petty Cash and Change Funds)
There are two types of cash funds: Change Funds and Petty Cash Funds. This section provides information about the steps in the life cycle of a fund including opening a fund, documenting expenditures, replenishment, changing or closing a fund, review of funds, and handling a loss.
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Annual Confirmation of Petty Cash and Change Funds
Directive Statement Departments with a Petty Cash Fund or Change Fund (referred to as Cash Funds throughout this directive unless... -
Changes to a Petty Cash or Change Fund
Directive Statement Any changes to a Petty Cash Fund or Change Fund (referred to as Cash Funds throughout this directive... -
Closing Petty Cash and Change Funds
Directive Statement It is the custodian’s responsibility to immediately close a Petty Cash Fund or Change Fund once the purpose for... -
Documenting Petty Cash Fund Purchases
Directive Statement The custodian is responsible for appropriately documenting all purchases of a Petty Cash Fund. Petty Cash Funds cannot... -
Obtaining a Petty Cash or Change Fund
Directive Statement Banking & Merchant Services processes and approves all requests for a new Petty Cash Fund or Change Fund... -
Cash Fund Management
Directive Statement Cash Funds, both Petty Cash Funds and Change Fund, must be safeguarded against theft or misuse. In addition,... -
Review and Unannounced Counts of Petty Cash and Change Funds
Directive Statement Banking & Merchant Services will regularly review all Petty Cash Funds or Change Fund (referred to as Cash...