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7.21 Petty Cash Funds

7.21 Petty Cash Funds

Chapter 7.00: Business Services

7.21*

PETTY CASH FUNDS

POLICY

The Superintendent may establish petty cash funds for his/her office, each District department, and each school. Petty cash funds shall be used for operating expenses in accordance with State Board of Education rules and provisions described herein.

I. A principal or district department head may establish a petty cash fund by submitting a request to the Finance Department for approval. Approval shall be obtained prior to using such funds.

II. The Superintendent or designee shall reimburse the funds from the budgetary accounts of schools and district departments when petty cash is exhausted.

III. Petty cash funds shall be accounted for separately from all other funds maintained at each school and district department. The amount of petty cash funds shall not exceed one hundred dollars ($100.00).

IV. An itemized receipt for each expenditure shall be kept to receive reimbursement.

STATUTORY AUTHORITY: 1001.41, 1001.42, F.S.

LAWS IMPLEMENTED: 1001.43, 1011.07, F.S.

STATE BOARD OF EDUCATION RULES: 6A-1.087

HISTORY: Adopted: 07/14/1998

Revision Date(s):

Formerly: F-4

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