COUNTY OF ALBEMARLE
Petty Cash Resolution
Adopt Resolution establishing petty cash funds
Messrs. Tucker, Breeden, Wiggans; Ms. White
LEGAL REVIEW: Yes
July 7, 2004
ACTION: X INFORMATION:
Virginia Code Section 15.2-1229, provides that the County may establish, by resolution, petty cash funds not to exceed $5,000 each to be used to transact its daily County business. A petty cash fund allows for department flexibility when purchasing small items or providing change to customers when cash is remitted for taxes, fees, copies, publications, etc. These funds are subject to annual audit. The County’s auditors have determined that a formal resolution must be adopted by the Board to comply with the Code section.
Staff recommends the Board adopt the attached Resolution formally establishing petty cash funds and limits for the departments identified in the Resolution.
View attached resolution
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