HPM 11.2, Materials Management Manual Flashcards

1
Q

What are minor purchases from the petty cash limited to?

A

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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2
Q

What is the change fund for?

A

Making change in the day-to-day cash collection operations of a command.

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3
Q

What are the limitations for the petty cash and change fund?

A

Petty cash shall be limited to $300.00

Change fund shall be limited to $100.00

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4
Q

With regards to the petty cash and change fund, what occurs when there is a change in commander?

A

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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5
Q

How often shall surprise audits of the petty cash or change fund be conducted and by whom?

A

Quarterly by someone other than the custodian of the fund.

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