Policy 706.02

Petty Cash

Generally, the school district shall not establish a petty cash fund for a school building. The school district may in special circumstances do so. It shall be within the discretion of the Board to determine when such circumstances exist.

In the event that a petty cash fund is deemed necessary by the Board, the Superintendent shall develop regulations establishing the amount of petty cash to be allowed, the maximum dollar amount for a single purchase, and the accounting system to be used in record keeping of all expenditures from said fund.

Adopted: June 12, 2006