6620 - PETTY CASH

The Board recognizes the convenience afforded to the day-by-day operation of the schools by the establishment of one (1) or more petty cash funds. The Superintendent shall be responsible for the implementation and maintenance of such controls and procedures to prevent abuse of petty cash funds.

No petty cash fund may be used to circumvent the purchasing procedures required by law and the policies of this Board. A request for petty cash funds must be made in writing, be signed by the person making the request, and include such supporting documentation as may be appropriate. The petty cash box must be secured daily.

Expenditures shall be carefully itemized with receipts or other supporting documents on file.

All petty cash funds will be closed out for audit at the end of the school year, and unused funds will be returned to the General Fund.

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