[Adopted 5-17-1988 ATM by Art. 106, approved 9-28-1988]
A. 
The Airport Commission is hereby authorized to establish a petty cash fund of not more than $100 to be held by the Airport Manager under the general supervision of the Treasurer of the Town of Nantucket, for the purpose of having cash available for minor cash expenditures.
B. 
All expenditures from such fund are to be approved by the Airport Commission in accordance with normal procedures required by the General Laws of the Commonwealth, and are to be accounted for once a month to the Town Accountant and the Town Treasurer.
C. 
Whenever the amount held in said petty cash fund requires replenishment by reason of the use of such fund, the Airport Commission shall take appropriate steps to bring the balance held in cash back to $100; such replenishment to be charged to the airport expense account.
D. 
At the end of each fiscal year, the fund shall be reduced to a zero balance.