VIII-16: Petty Cash Accounts
North Sanpete School District
Board Policy with Guidelines
|Policy Number: VIII-16
Effective Date: 12/16/1982
Subject: Petty Cash Accounts
In order to facilitate refunds and minor purchases, the clerk/treasurer shall establish a small petty cash fund in each school and district office.
- The schools shall be furnished a petty cash fund of $100.00.
- Expenditures against this fund must be carefully itemized by the principals and turned in to the clerk/treasurer on the last school day of each month.
- After a budget item is exhausted, no expenditures against this item may be made, even from the petty cash fund.
- The school district petty cash fund shall be itemized and balanced on the last school day of each month. The district office should have a petty cash account of $300.00.