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jjj <br />DISPOSITION <br />Item Description: <br />REQUEST FOR COUNCIL CONSIDERATION <br />ST FF REPORT <br />AGENDA SESSION DATE December 6. 1993 <br />PETTY CASH FWD <br />Adminisirntor's Review/Recommendation: <br />- No comments to supplement this report_ <br />Comments attached. <br />Explanation/Summary (ntach supplement xheeln nn neeennary.) <br />S IhII NIARY: <br />Agenda Suction: 11. <br />Report Number. 93-698W8 <br />Report Date: 11-1-93 <br />Minnesota Statutes 412.271, Subd. 5, authorizes the establishment <br />of a petty cash fund. The City presently has a Petty Cash Fund of <br />$100 with a per claim limit of $10. The size of the Fund and the per <br />claim limit have been in effect for fifteen years. Staff believes it <br />is time to update this Resolution, and recommends that the per claim <br />limit be $20 and that the Fund Balance of the Fund be $200. Many <br />small items are purchased by employees with their own monies that are <br />over $10 and they have to have a special check issued or wait until <br />the Council approves claims at the next Council Meeting. Increasing <br />the limit on petty cash claims would make the process of reimbursing <br />employees for small expenses more efficient. <br />e fJ._ <br />REC0,1131E.NDATION: Donald Brager, Unance Director <br />Adopt Resolution No. 4448, Establishing a Petty Cash Fund <br />