Petty Cash means a relatively small amount of cash kept at hand for making immediate payment for miscellaneous small expenses incurred the municipality.
Petty Cash means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.
Petty Cash means an accessible store of money kept by the Town for expenditure on Low Dollar Value items.
Examples of Petty Cash in a sentence
It is important to remember that items purchased with Petty Cash Funds are subject to the same regulations and accounting practices as expenses paid by check.
The Petty Cash Fund must be maintained in a secure place to safeguard against loss from unauthorized use or disposition.
In the event of loss due to theft or fire, the Provider will NOT be reimbursed for loss of the Petty Cash Fund.
Petty Cash Accounts may be established in an amount sufficient to cover small purchases made during a reasonable period, e.g., one month.
Reimbursements for expenditures through the Petty Cash Fund shall be made within the limits approved by the Director of the Division of Local Government Services.
More Definitions of Petty Cash
Petty Cash. , means the procurement of goods and services through the supply chain management requisition and order system by means of one verbal and written quotation below a determined amount in relation with the Petty Cash Policy;
Petty Cash means a small amount of cash kept by the Municipality for expenses.
Petty Cash means a sum of money, either in the form of currency or a special bank deposit, set aside for the purpose of making change or immediate payments of comparatively small amounts for which it is subsequently reimbursed from the cash of a fund;
Petty Cash means a small amount of cash kept on hand for incidental purposes of low value goods and services (i.e. postage, office suppliers, reimbursement out of pocket expenditures), which if accommodated under normal procurement processes, it will cost the municipality more in administrative actions than the actual cost of goods/services required. Petty cash may not be used for payroll payments,
Petty Cash means cash amounts of one hundred dollars ($100) or less per day that are not drawn on the Clean Money Debit Card and used to pay expenses of no more than twenty-five dollars ($25) each.
Petty Cash means a small amount of discretionary funds in the form of cash used for expenditures where it is not feasible to make the disbursement by any other means.
Petty Cash. , means a small amount of cash kept on hand for incidental purchases of low value goods and services (i.e. postage, office suppliers, reimbursement out-of-pocket expenditures), which cannot be accommodated through other purchasing procedures. Petty cash may not be used for payroll payments, inventory, capital goods, entertainment expense, travel expenses and other personal obligations.