ADE Director's Communication Memo Form

Memo Number : FIN-99-029

Date Created : 06/28/1999


Co-op Directors

Type of Memo: Regulatory
Response Required: No
Section:   Public School Finance and Admin Support - Ms. Patricia Martin
Petty Cash Fund

Regulatory Authority:
6-20-409 amended by Act 47 of 1999

Contact Person:
Donna Ralph

Phone Number:


Act 47 of 1999 amended A.C.A. 6-20-409 concerning district petty cash funds. Effective July 30, 1999, school districts are authorized to establish a petty cash fund for each school in the district. No payment shall be made from the petty cash fund until the supplies or materials have been delivered and a copy of the invoice or invoices filed with the approval of the school district board of directors.

Districts will reimburse a school's petty cash fund from the appropriate fund by issuing a warrant from the district or county treasurer. Original invoices of all expenditures from the school's petty cash fund must be attached to the district's copy of the warrant to document payments made from this fund. At no time shall a school's petty cash fund balance exceed $200.00.

If you have any questions, please contact Financial Accountability of Public School Finance and Administrative Support.


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