University of Missouri System

Business Policy Manual

Finance and Accounting

BPM-206 Petty Cash Funds

Revised May 21, 2001

Petty Cash Funds

Departments needing to make frequent cash transactions may request a cash fund for that purpose from the campus Accounting Office (Office of Controller for UM ).

Reference: See BP 306 Special Purchases.

Requesting a Petty Cash Fund

All requests for petty cash funds must be submitted in writing and must include:

1. Name of department.
2. Amount requested.
3. Name of person to be designated as custodian.
4. Anticipated period of time fund will be needed.
5. Where fund will be kept (building and room number).
6. Description of security to be provided for the fund (e.g., locked file drawer, combination safe, etc.).