Petty cash may be used for small dollar reimbursements to employees for RIT business expenditures of $50.00 or less (i.e., those that can’t be paid by procurement card). Petty cash reimbursements are ...

The petty cash fund must be requested by the individual, known as a custodian. The custodian is the individual responsible for safeguarding, disbursing from, and requesting replenishment of a petty ...

Responsibility for the security of the petty cash rests with the custodian of the fund. The custodian must take appropriate measures to ensure the petty cash fund and unreimbursed receipts are safe ...

A petty cash fund is an amount of currency issued and held by a department to cover payments to research participants and all departments maintaining a petty cash fund should exercise controls over ...