Departments are encouraged to use petty cash funds to reduce time, paperwork, and administrative expenses for minor business expenditures. Petty cash may be used to reimburse authorized expenditures up to $200 per transaction for retail purchases, meeting expenses, business meals, local travel expenses, books, subscriptions, postage, and similar expenses. Please remember that we have a contract with Office Max and should not be getting supplies at Staples.
When attempting to obtain reimbursement for a business meal for two or more people, you MUST bring an itemized receipt from the restaurant. A credit card slip will not be sufficient and your reimbursement will be refused. USNH audit review of our files requires this detail. Reminder: PSU will not reimburse meals for a day trip for one person, unless there is a compelling business purpose and is clearly substantiated with detailed restaurant receipt.
Petty Cash slips MUST have the following “5W” questions answered:
- Who – Names of those present (groups of 10 and under)
- What – Type of Item(s)
- Where – Location of Activity
- When – Dates Inclusive
- Why – Business Purpose
- Valid/Active department FOAPAL
- Authorized signature
Petty Cash slips are processed at the Disbursements office Tuesday and Thursdays between 8:00 and 10:00 am and Friday between 1:00 and 3:00 pm.
When Petty Cash may NOT be used:
- transactions over $200
- to make personal loans, advances
- to pay employees or non employees compensation for services rendered
(e.g. honorariums or other stipends)- moving expenses
- to buy hazardous materials or controlled substances
- to pay for expenses that are personal or otherwise not allowable according
to current PSU policy, procedure, or practice
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