A. As provided for in 11 O.S., section 17-102(D) of the Oklahoma State Statutes, the Town may have petty cash accounts for use in making certain small payments for costs incurred in operating the municipality.
B. Each petty cash account established shall require Town Board approval, including the amount of the petty cash imprest balance. However, in no case, should the imprest balance exceed five hundred dollars ($500).
C. The petty cash accounts shall be reimbursed by utilizing properly itemized invoices or petty cash voucher slips and by then processing the reimbursement in the manner used for payment of purchases of goods, services and capital. (Ord. 345, 8-12-2019)