VIII-16: Petty Cash Accounts

North Sanpete School District
Statement of ............. 

Board Policy with Guidelines

Policy Number:  VIII-16
Effective Date:  12/16/1982
Revised Date:
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Subject:  Petty Cash Accounts

BOARD POLICY
In order to facilitate refunds and minor purchases, the clerk/treasurer shall establish a small petty cash fund in each school and district office.

GUIDELINES

  1. The schools shall be furnished a petty cash fund of $100.00.
  2. 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.
  3. After a budget item is exhausted, no expenditures against this item may be made, even from the petty cash fund.
  4. 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.

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