Petty cash funds must be used only to purchase incidental items of a nominal amount for which other established university procurement methods are not feasible. Nominal generally means $60 for study ...

Petty cash may be used for small dollar reimbursements to employees for RIT business expenditures of $50.00 or less (i.e., those that can’t be paid by procurement card). Petty cash reimbursements are ...

If the petty cash fund is no longer needed for the purpose intended, or if the amount of funds on hand exceeds the departmental needs, it is the custodian’s responsibility to close or decrease the ...

A Vice President and/or Dean may request the establishment of a working petty cash fund at any appropriate level, (i.e. division, department, office, or station). Funds may be requested by sending a ...

Petty Cash Reimbursements Request Your Petty Cash Reimbursement A petty cash reimbursement form may be used to replenish a petty cash fund, or reimburse a department or employee, who paid ...

Petty cash is a small amount of cash-on-hand necessary for your departmental operations. Before a petty cash fund may be established, both the Departmental Cash Handling Request Form and the ...

Modifying a Petty Cash Fund A new PCCF must be submitted for any of the following occurrences: Custodian changes Increase or decrease in authorized amount Change in fund location Closing the fund ...

Petty Cash Fund Procedures. A petty cash fund is a modest amount of money kept to provide company cash for small incidental purchases and emergencies. The amount varies from office to office ...

Imprest Cash/Petty Cash Fund Procedure Contact: General Accounting, (205) 934-9330 It is sometimes necessary for a department to have on hand cash from which to pay minor emergency payments or make ...

To establish a petty cash fund, cash a check for an amount such as $100 that you will probably use over the course of a month for small miscellaneous purchases. Use a box for your fund, such as a ...