HPM 11.2, Materials Management Manual Flashcards
What are minor purchases from the petty cash limited to?
UP to $50.00 for purchases necessary for the daily operation of the command and consistent with the goals of the Department.
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What is the change fund for?
Making change in the day-to-day cash collection operations of a command.
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What are the limitations for the petty cash and change fund?
Petty cash shall be limited to $300.00
Change fund shall be limited to $100.00
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With regards to the petty cash and change fund, what occurs when there is a change in commander?
Memo to FMS, APU to include:
- what the change is (new commander)
- Effective date
- statement regarding receipts etc. have been accounted for
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How often shall surprise audits of the petty cash or change fund be conducted and by whom?
Quarterly by someone other than the custodian of the fund.
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