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School District 25 Policy

Petty Cash Funds

Policy 3100
Adopted: April 9, 1985

Petty cash expenditure shall be attested to by a receipt. At the end of each month said receipts will be presented to the Board for reimbursement so that the petty cash fund in each school or office will again be brought up to its regular amount.

At the end of the fiscal year, the petty cash fund shall be restored to its original amount, provided receipts presented are sufficient to cover the amount. Should this be the case, then the entire amount shall be returned to the general fund to be reissued at the beginning of the new fiscal year, or the next school year as the need shall indicate.

Petty cash funds shall not be used for personal purposes.