A petty cash voucher shall be completed for
each disbursement from the petty cash fund. Additionally, an invoice
should be secured for each purchase describing the items purchased.
Purchases of $100 each or less may be paid from petty cash (except
Sheriff's petty cash, which is authorized for up to $150.) Under no
circumstances will splitting of invoices for purchases over $100 be
permitted. No tax will be reimbursed from petty cash since the County
is exempt from paying tax, except for services. If an item is service,
the item and service may be billed separate to pay tax on the service
only.
Two methods may be used to disburse petty cash
funds:
A. Money advanced prior to a purchase. An employee shall:
(1) Sign a voucher and obtain money.
(2) Make purchase; obtain invoice.
(3) Secure department head approval on the invoice and
return to custodian.
(4) Complete petty cash voucher, to include date, amount
paid, and expense classification; attach invoice to voucher.
B. Purchases made with personal funds. An employee shall:
(1) Make purchase and obtain invoice; secure department
head approval on invoice and return to custodian.
(2) Complete petty cash voucher, to include date, amount
paid, and expense classification; attach invoices to voucher.
(3) Receive reimbursement from custodian (not for tax
unless for service).
It is the responsibility of the fund custodian
to keep these funds balanced at all times; money or money and receipts
must total the amount of the fund. However, there may be times when
an overage or a shortage may occur. A petty cash audit report form
must be filed immediately, and forwarded to the Financial Services
Director, stating the specific circumstances causing the overage or
shortage.
Petty cash funds are subject to audit by the
Financial Services Department on a periodic basis without notice.
It is the responsibility of the Financial Services Director or his
or her designee to audit vouchers, invoices, receipts, etc., submitted
by petty cash custodians. The Financial Services Director may reduce
or eliminate a petty cash fund based on violation of petty cash handling
procedures.