For the purpose of handling small purchases, (less than $25) needed quickly for the purpose of conducting Union WELL Inc. business, petty cash funds have been established for the University Union (UU), Facilities and Administration (F&A), and The WELL.
The Petty Cash Funds (PCF) for the University Union, The WELL and Facilities and Administration is administered by that unit’s director. The PCF is kept in a lockable drawer in that director’s office.
Petty Cash Fund (PCF) Amounts:
|Facilities and Administration:||$75.00*|
*The receipts, plus cash on hand, should equal the total amount of the fund at all times.
For disbursement of reimbursements from the PCF, the following procedures apply:
At the end of each fiscal year, a requisition is submitted by the Designee to bring the PCF back to the specified level regardless of the current balance.
The Union WELL Inc. Executive Director shall perform unannounced audits on a periodic basis to ensure appropriate use and care of funds.
Adopted: October 2, 1990
Updated: May 9, 2002
Updated: November 18, 2009
Updated: December 2, 2009
Updated: August 25, 2010
Updated: November 2, 2016