CHB - PURCHASING AND ACQUISITION: PETTY CASH ACCOUNT

ESTABLISHING AND MAINTAINING PETTY CASH FUND

The Superintendent shall establish an imprest petty cash fund not to exceed $5,000 out of funds appropriated by the General Appropriations Act.

Petty cash funds may be maintained in cash and at a local bank.

USE OF PETTY CASH FUNDS

Petty cash funds may be used only for:

Making emergency payments;

Making small purchases and payments which will increase the efficiency of the operation.

Making payments to client workers; and

Use as a change fund in the cashier's office, canteen, and other specific locations where financial activities of the School require a change fund.

LIMIT ON EXPENDITURES

Purchases and payments from this fund may not exceed $200 per item provided, however, the Superintendent may limit individual transactions to lesser amounts.

Texas Government Code 403.241 through 403.252.

General Appropriations Act, Art. III, Special Provisions for the Texas School for the Blind and Visually Impaired and Texas School for the Deaf, Special Provision 5.

PROCEDURES

The Superintendent shall ensure that procedures are developed to implement this policy.

Adopted: 5/21/98

Amended: 3/21/03

Reviewed: