6620 - PETTY CASH

The Board recognizes the convenience afforded the day-by-day operation of the schools by the establishment of one (1) or more petty cash funds. The District Administrator 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. No petty cash fund shall exceed $150 unless approved by the Board.

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.

© Neola 2024