Green Cove Springs, Florida
Agenda Item #22
Item Title
C-22 Petty Cash Funds for 2008-09 Fiscal Year
Issue/Rationale
State Board of Education Rule 6A-1.057 authorizes the use of petty cash funds for small expenditures for the operation of schools. The Rule requires that each fund must be authorized by the School Board as to the amount and specific person responsible for the fund.
Petty cash funds are used by the schools for postage and other incidental purchases under $50 where it is not feasible for a purchase order to be issued.
Recommended Action
Approval of the petty cash funds at Grove Park Elementary and Clay Hill Elementary Schools for the 2008-09 fiscal year.
Financial Impact
There is no direct financial effect on budgets by the approval of the petty cash funds.
Submitted By
Dr. George F. Copeland, CPA, Assistant Superintendent for Business Affairs
Data Source: Sonya Findley, CPA, Director of Finance
Attachment: 2008-09 Petty Cash.pdf