Annual Confirmation of Petty Cash and Change Funds

Directive Statement

Departments with a Petty Cash Fund or Change Fund (referred to as Cash Funds throughout this directive unless specifically indicated otherwise) will complete and return a balance confirmation to Banking & Merchant Services annually.

Reason for Directive

Banking & Merchant Services is responsible for the stewardship of the University’s cash and investments, including Cash Funds.  This directive provides assurance that Cash Funds will be authorized, well-safeguarded, and appropriately used.

Who Must Comply?

All University departments.

Procedure & Best Practice

Page Contents