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Horizon School Division
Creating a better world, one student at a time.
AP 512 - Petty Cash Account
Background

Petty cash funds are for the purchase of minor items, which are to be purchased locally, and the invoices must be forwarded to the Manager of Accounting Services on a monthly basis for the replenishment of these funds. At no time may the fund be over expended.

Procedure

1.  Petty cash funds are established at $500 per school and is the responsibility of the Principal.

2.  On a monthly basis, an Account Detail report of the Petty Cash Fund along with supporting receipts and invoices is to be submitted to the Manager of Accounting Services.

3.  Reimbursements will be reviewed and processed by the Manager of Accounting Services and paid by Electronic Fund Transfer to each school.


Reference:  Sections 85, 87, 109, 110, 175, Education Act

March 7, 2011
Revised May 10, 2017