MMSD Policies and Procedures: 6318

Madison Metropolitan School District
Board of Education Policies and Procedures

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POLICY	ACCOUNTS	6318 Operation

Petty Cash Funds

Petty cash funds shall be maintained in each of the schools and in the central office as approved by the SUPERINTENDENT.

6/2/03

PROCEDURE	ACCOUNTS	6318 Operation

Petty Cash Funds

Petty cash funds shall be established in schools as follows:
1. Maximum amount available in an elementary school fund - $300.00;
2. Maximum amount available in a middle school - $400.00;
3. Maximum amount available in a high school - $600.00.
The maximum amount available in administrative locations shall be determined by the ASSISTANT SUPERINTENDENT FOR BUSINESS SERVICES.
Petty cash transactions shall be limited to $25.00 except for purchases of food and postage.
Multiple petty cash purchases of less than $25.00 each made to circumvent the $25.00 limit shall not be condoned.
Records as required by the ASSISTANT SUPERINTENDENT FOR BUSINESS SERVICES shall be maintained and furnished for all petty cash expenditures and shall be turned in to Accounting Services to replenish petty cash funds.

6/2/03