The purpose of a petty cash fund is to provide business units with sufficient cash to cover minor expenditures. The intent is to simplify the reimbursem*nt of staff members and visitors for small expenses that generally do not Exceed $25.00, such as taxi fares, postage, office supplies, etc. See the Petty Cash Policy for additional details.
Whenever possible, local units should use the PCard instead of petty cash.
Petty Cash custodians are responsible for safeguarding petty cash funds and Maintaining receipts and detailed records to support all transactions.
See also: Accounts Payable, Petty Cash
