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Petty cash

Cash funds are established for specific purposes and are not to be co-mingled with other cash funds nor used for any purposes other than for which established.  Departments should not use petty cash or change funds to cash checks.  UM System Finance Policy #25501 provides guidance regarding cash funds.

  • Petty Cash Fund: Cash available for small dollar purchases only when it is not feasible or practical to use other procurement methods and only for University locations that are outside Columbia.
  • Change Cash Fund: Cash available for making change at events or stores for University locations with a business need.  Departments should not use a change fund to make purchases.


MU Cash Management

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