Revision Date: 24 August 2015
Errors or changes to: firstname.lastname@example.org
A working fund is used for cash purchases of items costing less than $50 and may also be used for making change.
Access to the fund should be limited to the custodian and any approved back up personnel noted on the Working Fund Authorization.
Make purchases from the cash fund only if authorized by the Vice President for Business Affairs and Controller. Purchases must also be made in compliance with University Purchasing policies.
Prepare a departmental voucher payable to the custodian for the amount to be reimbursed. Attach original receipts to the voucher and have the voucher signed by the Department Chairman or Director.
Notify Accounting Services by letter of the intent to close the working fund. The Department Chairman or Director should sign the letter.