Petty Cash Account

 

Policy Number

OPER_0058

Policy Statement

As authorized by K.S.A. 72-201 (1978 H.B. 3150§1), the Board of Trustees approves the establishment of a Petty Cash Fund in an amount not to exceed one thousand dollars ($1,000).  Said fund is to facilitate the reimbursement of purchases not in excess of $50 each.  No advances shall be made from the Petty Cash Fund. 

Procedure

The fund shall be kept separate from all other funds and be used only for authorized expenditures, and itemized receipts shall be submitted and on file for each expenditure.  No part of such fund may be loaned or advanced against the salary of an employee.  All employees entrusted with such funds under this policy shall be bonded by the College.

Contact

Chief Financial Officer

Policy History

July 1, 2026: Revised to include policy number

December 19, 2025: Revised for digital accessibility and formatting.

July 1, 2015: Approved