A type of Custodian Fund used for handling small purchases that cannot be effectively handled by a purchasing card or check.
Petty Cash is generally used by campus departments for emergency payments. A Custodian and Reconciler are required.
This is an accordion element with a series of buttons that open and close related content panels.
Open a petty cash fund
To open a petty cash fund, follow 3012.7 Petty Cash Procedure
Use the following forms to open a petty cash fund:
- Custodian Fund Request Form
- Custodian Fund Agreement Form
- Memorandum of Understanding (MOU) for Petty Cash
You will need to use the NR Number Generator tool to generate a unique number for your new petty cash fund.
Maintain a petty cash fund
To maintain a petty cash fund, follow 3012.7 Petty Cash Procedure for the main tasks. In addition, the following tasks may need to be completed at times:
Change the custodian of a petty cash fund
Change the reconciler of a petty cash fund
Close a petty cash fund
Financial Information Management
21 North Park Street, Suite 6201
Madison, WI 53715