Effective Date:
Wednesday, January 21, 2004
Status:
Approved
This new University Policy addresses petty cash funds and change funds. The old petty cash "policy" consisted of a single paragraph withinUniversity Policy 50, “Purchasing Policy,” and was inadequate to address the various ways petty cash is being used on campus. Specifically, the single paragraph in University Policy 50 did not address issues of accountability, security, replenishment, appropriate uses of petty cash funds and change funds, all of which have been addressed in this new policy.