Petty Cash Vouchers

Petty Cash Vouchers are used for local suppliers who will not take a purchase order or emergency purchases. 

Guidelines

• Limit $300.00

  • Fiscal Services will not reimburse over the $300.00 petty cash limit.

• Goods Only

  • Purchase of goods (tangible items) only. Professional services cannot be purchased through petty cash per tax reporting requirements.

• Approved Petty Cash

  • An approved petty cash must be on file with the Fiscal Office prior to purchasing the goods.

• No Internet or Money Order purchases

  • Petty cash cannot be used to purchase items on the internet or money orders.

• Original Receipts Required

  • Original receipts are required for all purchases; altered receipts or receipts with personal items will not be accepted.

  • The Supplier name and date must appear on the receipt.

• Cash Only

  • Purchases must be paid for with cash only.

• Events or Meetings

  • Petty cash for an event must have an approved official function form attached. If the event is a meetings or interview an agenda must also be attached.

• No Capital or Tagged Items

  • Capital items or other items normally tagged or catalogued cannot be purchased on a petty cash.

• Available Budget/Funds

  • The charge center and object code must have available budget/funds to cover the total petty cash at the time of approval.

• Due in 5 Days

  • Must be cleared within five (5) days after dated issued.

• No Personal Items

  • Personal items cannot be purchased on the petty cash receipts.

Process

1. Obtain a Petty Cash Voucher from the Enrollment Services counter.

2. Complete all of the information and provide a detailed description of purchases to be made with the petty cash.

3. Attach official function form and agenda if applicable.

4. Verify funds available in account code combination including object code.

5. Obtain proper approval for petty cash; Organization/Club Officer or Department Chair, Organization/Club Advisor, when applicable, and/or Dean.

6. Present petty cash to Enrollment Services counter to receive cash.

7. Purchase items from supplier.

8. Return remaining cash and original receipts to Enrollment Services counter within 5 days of issue to reconcile petty cash.