 |
 |
 |
 |
|
Page 1 of 1
EASTON AREA
SCHOOL DISTRICT
No. 617
SECTION:
FINANCES
TITLE:
PETTY CASH
ADOPTED:
September 21, 2006
REVISED:
617. PETTY CASH
1.
Purpose
Petty cash funds may be used for designated purposes but shall be subject to
adequate controls and safeguards.
2.
Authority
The Board authorizes the establishment of petty cash funds under the control of
designated employees in district buildings.
3.
Delegation of
Responsibility
Pol. 811
Each responsible employee shall ensure that petty cash funds are spent only for
designated purposes.
The person responsible for each petty cash fund shall prepare a total of the
disbursement slips annually.
4.
Guidelines
Each request for funds shall be made in writing and signed by the requestor, with
any confirming receipts attached.
Receipts are required for all expenditures.
The petty cash box shall be secured by the responsible employee.
All petty cash funds shall be closed out for audit at the end of the school year.
Funds are not to be used to circumvent the regular purchasing procedure.
Petty cash funds may not be used to accommodate the cashing of personal checks.
Board Policy
811