6620 - PETTY CASH ACCOUNTS

Menominee Intermediate School District

Administrative Guidelines

6620 - PETTY CASH ACCOUNTS

	A.	Petty Cash accounts shall not exceed $200.
	B.	Internal audits of petty cash funds shall take place periodically under the direction of the Superintendent.
	C.	Petty Cash accounts are to be used for the following purposes:

		1.	collect deliveries
		2.	small purchases

D.

Petty Cash funds are not to be used for the following purposes:

		1.	travel
		2.	salaries or casual labor
		3.	supplies costing in excess of $100
		4.	other items costing more than $100
		5.	telephone charges
		6.	loans to staff for any purpose

	E.	Petty Cash accounts will only be replenished upon presentation of the account for internal audit.
	F.	Accounting procedures require the following:

		1.	Name of the person to whom the payment was made.
		2.	Receipt for the amount of the payment.

Revised 6/02