DIC - Petty Cash Accounts

PETTY CASH ACCOUNTS

In order to facilitate refunds and minor purchases, the Acton School Committee authorizes a petty cash fund in the Central office.

The custodian for the account will be the Finance Director.

Each transaction must be supported with proper receipts by the Finance Director.

Justifiable expenditures from the petty cash accounts will include, but need not be limited to, the following: miscellaneous materials and supplies ($250.00 maximum) for office supplies, stamps and freight. All items purchased with petty cash funds should meet the criteria of an expedient measure and should not be used to circumvent established policy on purchasing authority.

The petty cash funds will be replenished as imprest funds and are to be reimbursed to each account through accounts payable after approval by the Superintendent/Principal or designee.

Adopted: February 12, 2002

Revised:   December 8, 2022