Administrative Regulation

AR3451

Business and Non-Instructional Operations

Petty Cash Funds

The purpose of a petty cash fund is to have cash available in the office of the principal or other administrative staff for express charges, postage due and other unforeseen small expenses which cannot conveniently be charged and handled in the usual manner.

1. The amount of cash funds at any District site shall not exceed $50.

2. The principal or administrative staff in whose name the fund is created will be responsible for all expenditures made from it.

3. Each disbursement will be supported by a cash register tape, a sales slip or other evidence of the expenditure. Such evidence will be summarized monthly, or earlier if the fund needs replenishment.

4. The documents and the summary will be forwarded to the business office where a check will be issued to replenish the fund.

5. The amount on deposit plus receipts of disbursement must always equal the original amount of the fund.

6. Funds will be regularly audited by the business office.

7. Funds are subject to audit by the District's auditor.

8. Money left overnight in District's sites shall be kept in a safe or secured place.

Legal Reference:

Education Code

35160 Authority of governing boards

35250 Duty to keep certain records

41020 Requirement for annual audit

42800-42810 Revolving funds

Adopted: 9/10/97

Revised: