Jerome Joint School District No. 261

FINANCIAL MANAGEMENT 7410

Petty Cash Funds

The use of petty cash funds shall be authorized for specific purchases only. Those purchases will include individual

purchases of supplies and materials, postage, delivery charges, and freight.

Each principal and director is authorized a petty cash account in the amount of $250. Reimbursement by the

district will restore a depleted account when a check request with documentation for expenses is forwarded to the

district office at the end of each month. All disbursements must be supported with receipts. Petty cash funds will

be maintained with student funds in a checking account. Actual cash in the office is strongly discouraged and will

not exceed the absolute minimum needed for proper operation of the office in which a petty cash account resides.

The petty cash account in the district office will be maintained at $2,500.

Policy History:

Adopted on: 11/21/2006

Revised on: