Petty bucks levels over $one hundred have to be handled from inside the a bank account within the a city standard bank or credit connection that’s a general public depositary (consider Subsection .c) until new company have a safe, container, otherwise money boobs that is used to guard petty bucks. As much as possible, all the petty dollars accounts will be handled in a financial membership. Bank accounts should be established regarding label of your agency, not one.
Inside limited things, good petty dollars account can be used to weight money to a prepaid service debit cards. The utilization of prepaid debit notes in addition to a beneficial petty dollars membership need pre-approval from the OFM through the Monetary Feasibility Analysis (EFS) techniques. Make reference to Area .
In the event that a state auditor’s report shows the number of an agencys petty cash account are excessively otherwise its have fun with is actually violation from rules, new director (otherwise official designee) of OFM ount of, new petty bucks account.
|Bookkeeping to own petty cash in treasury levels|
|.a good||Requests for petty cash, or increases to petty cash, are made using the “Application and you may Agreement to have Petty Payday loan, Treasury Accounts” form that is available at the end of this subsection or through the Office of Financial Management (OFM), Statewide Accounting. The completed form is submitted to the OFM Statewide Accounting (the director’s official designee) for approval. Distribution of the total amount of approved petty cash within an agency is determined by the agency.
Providers requesting recognition to own petty bucks profile that can use prepaid service debit notes would be to source new EFS recognition letter throughout the Reason part of the form.
Immediately after acceptance, OFM tend to get back the signed new “Software and you may Agreement to have Petty Cash advance, Treasury Membership” Form toward service. ” Make reference to Subsection .a for an enthusiastic illustrative entryway. New warrant will be endorsed and you may cashed otherwise deposited of the the fresh new assigned caretaker. OFM will send a duplicate of finalized form toward Office regarding Condition Treasurer.
Application and Authorization for Petty Cash Advance
Licensed Spends out-of Treasury Petty Cash Levels – Apart from prepaid debit cards, listed below are the newest authorized uses from Treasury petty bucks:
Local market purchases of supplies and materials. These purchases may include: minor miscellaneous http://perfectloans24.com/payday-loans-ga/east-point materials; supplies; fresh fruit and vegetables; and minor repairs and replacements parts for machinery and equipment not under state contract. Such payments may be made provided that: The purchase is within the limitations prescribed by the Department of Enterprise Services, and
When the petty cash raise is approved, new agency is to establish a warrant so you can reclassify Treasury cash to help you GL Password 1130 “Petty Bucks
Postage due towards the send. Postage due may be paid if it appears that it can feel advantageous toward county to simply accept beginning of mail.