Petty Cash Fund definition

Petty Cash Fund means small cash account intended to provide cash to colleges, schools, departments, centers, institutes, units and central office to cover small dollar purchases, such as reimbursement to staff members for small expenses.
Petty Cash Fund means a fund in which a sum of cash is set aside for the purpose of making change or making immediate payments when the amounts involved are so small that processing through the school board's regular procedure would be uneconomical.
Petty Cash Fund means a fund of money to be maintained and used for the payment of money for purchases of limited goods or travel.

Examples of Petty Cash Fund in a sentence

  • 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.

  • 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.

  • The Petty Cash Fund shall be maintained in accordance with N.J.S.A. 40A: 5-21.

  • To facilitate the payment of certain minimal charges that cannot be handled by check, Providers may establish a Petty Cash Fund for up to $1,000.00.


More Definitions of Petty Cash Fund

Petty Cash Fund means a fund specifically designated for the sole purpose of reimbursing miscellaneous expenditures.
Petty Cash Fund means a small amount of cash advanced to an authorized employee(s) (designated custodian) for the purchase or payment of fingerprinting, where a cash transaction is required by the San Angelo Police Department (SAPD).
Petty Cash Fund means a small cash fund used to make incidental purchases where normal purchasing methods are not practical.
Petty Cash Fund means a specific amount of cash set aside for making purchases of less than $25.
Petty Cash Fund means a specified amount of cash on hand to be used for essential and immediate purposes.
Petty Cash Fund means a sum of money set aside for the purpose of making change or paying small obligations for which the issuance of individual warrant vouchers and warrants would be excessively costly or time consuming.
Petty Cash Fund means a type of imprest account used exclusively for the purpose of making minor disbursements.