Petty Cash Fund

Petty Cash Fund

A budgeted amount of money a company periodically replenishes to pay for minor purchases. A company may withdraw the petty cash fund from the bank every two to four weeks and keeps it in cash. This cash may be used, for example, to pay for lunch for employees once a week. Because the petty cash fund is a budgeted item, it helps reduce the likelihood that the company will overspend.
References in periodicals archive ?
She was jailed for two-and-ahalf years in March after being convicted of plundering the petty cash fund of Cardiff council's child protection unit for debts, expensive gifts and luxury holidays.
I have shared camps with pilots and plumbers, business moguls and butchers, and everything in between--from the guy who saved for a decade to enjoy the same camp with another who paid for it out of the petty cash fund.
Under pressure from the loan company to pay back his debts, he steals from the garage's petty cash fund.
Keller also is suspected of having altered donation records in order to keep cash for herself; making personal purchases with the agency's credit card at Walmart and other stores; and diverting money from the charity's petty cash fund for her own use, Willis wrote.
Instead she kept every penny for herself, and at the same time was raiding the home's petty cash fund of up to PS200 a week.
Those sales brought $650, which was "added to the unofficial petty cash fund maintained by the highway surveyor instead of being turned over to the town treasury," according to the state report.
Personal checks are cashed through either the petty cash fund or daily receipts
REDLANDS -- The Redlands city treasurer has been arrested and accused of taking about $37,000 from a petty cash fund.
Tracey Ridgeway also stole cash from the Kingsway Community Pre-School's petty cash fund and from a Christmas fund she was responsible for collecting.
I'd always leave a bit for my Christmas petty cash fund in an old jam jar by the window.
At the same time, Prof Verdi has been rapidly building the Barber's store of works on paper, helped by a petty cash fund which allows him to spend up to pounds 30,000 'over the counter' without reference to the trustees.
Expecting a contribution that Could go into the petty cash fund, the department was surprised by a $500 check.